Access to Capital
Collateral
COC - Certificate of Competency (SBA)
CLP - Certified Lender Program (SBA)
Closed Loan
Any loan for which funds have been disbursed and all required documentation has been executed, received and reviewed. For statistical purposes, first or total disbursement is counted as a closed loan.
Cash Flow
Cash flow is the term that summarizes all of the cash that goes in and out of your business. Any lender will want to know what your cash flow is in order to determine your eligibility for a loan, or your capacity to repay.
Capacity to Repay
When you apply for a loan, the lender will review your existing financial statements and your application to determine if you are eligible for the loan. By reviewing your sales, projections, and research, the lender decides if you will be able to pay back the loan within the loan term.
3 Reasons to Refinance Your High Cost Business Debt
This article is from Excelsior Growth Fund, a Venturize supporter.
The True Cost of Traditional Financing Products
This article is from Excelsior Growth Fund, a Venturize supporter.
Why Having a Federal Tax Lien is Holding Your Business Back
A federal tax lien is filed by the federal government when you owe money in taxes to the IRS. These documents ensure that the government will receive the taxes they are owed by giving them a right or claim to your personal property. Liens look bad on your credit report and can be difficult to remove, but there are resources to help you resolve the issue.