Could you use additional funding to expand your business? Are you ready for a business loan? Are you intimidated by the application process or scared you won't get approved? If you've screamed "YES!" in your head to any of these questions, Lendability+ may be the perfect tool for you. Your Lendability Report takes the guesswork out of your loan decision by showing you how you look to lenders and assessing your readiness to take the plunge and apply for that loan.
What is Lendability+?
Working closely with our team of underwriters, we've developed a scoring system based on your answers to several questions regarding your business and personal finances. Your score, out of 100, indicates the potential of how well your application for a loan may fare with a lender. While just knowing your score is great, the insights into the reasons for the score are the real value. Here's a quick overview of what we're looking for.
This is not an offer of credit. Terms and conditions apply.
Lets start off with the leading indicator of your lendability, your business. These questions are intended to uncover any fundamental issues that lenders may be looking for. Questions we'll ask:
- How old is your business?
- How much does it make each year?
- Is this your full time gig?
- What is your monthly business payment?
In many cases the business may be young or on the road to growth, which is when personal finances could play a critical role in determining whether or not you get approved for a loan. Questions we'll ask:
- Do you have any big financial dings?
- How would you rate your personal credit?
- Are you missing any payments?
- What is your annual income?
Once you complete the Lendability+ questionnaire, we'll send you an email with your score and report. Wondering how your score was determined? Here's a key:
This communication is provided for informational purposes only. It is not intended to be an advertisement, a solicitation, or constitute professional advice, including legal, financial, or tax advice, nor is StreetShares providing advice on any particular situation. This is not an offer of credit. Applications subject to individual approval by StreetShares; no guarantee of funding, terms and conditions apply. Business financing amounts and rates may vary. All information shown through the Lendability+TM program is based on information provided by you to StreetShares. StreetShares does not independently validate the information that you share. All information provided to you via Lendability+TM is provided as is, without any warranties, express or implied, as to the accuracy, sufficiency, suitability, or correctness of anything contained herein. StreetShares disclaims and shall have no liability whatsoever for any damages, losses, or expenses incurred by you as a result or use of the information provided to you via StreetShares Lendability+TM.