by trueimpactdigital | Jul 12, 2024 | Loans
When considering a Loan Against Property (LAP), borrowers have two primary options: borrowing from a private finance company (private lender) or a bank. Both types of lenders offer distinct advantages and drawbacks, so it’s important to understand the...
by trueimpactdigital | Jul 12, 2024 | Loans
Understanding Debt-to-Income Ratio for Business Loans The debt-to-income ratio (DTI) is a crucial financial metric that lenders use to assess the ability of a business to manage its current debts relative to its income. For business owners seeking loans, understanding...
by trueimpactdigital | Jul 11, 2024 | Loans
A third-party collateral in the context of a Loan Against Property (LAP) involves a situation where a person (third party) offers their property as collateral to secure a loan for another individual or entity. Here’s how it works: 1. Definition: The borrower is...
by trueimpactdigital | Jul 11, 2024 | Loans
How to Choose the Right Lender for Your Business Financing Needs Choosing the right lender for your business financing is one of the most important decisions you’ll make as an entrepreneur. With numerous lenders offering various loan products, finding the best...
by trueimpactdigital | Jul 9, 2024 | Loans
How to Approach Investors vs. Lenders: Key Differences Explained When seeking funding for your business, you can typically choose between investors and lenders. Both provide essential capital but under different terms, expectations, and impacts on your business....
by trueimpactdigital | Jul 6, 2024 | Loans
Small Business Loan Myths: Debunking Common Misconceptions Many small business owners hesitate to apply for loans due to misconceptions about the process, eligibility, and long-term effects of borrowing. These myths can prevent businesses from accessing the capital...
