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Updated: March 27th, 2020
Traditionally, many banks have been pretty protective of their credit criteria — the list of factors that go into deciding whether to approve or deny your loan application.
But for small business owners like you, this black box approach can be the beginning of an endlessly frustrating experience. Imagine applying for a job without seeing the job description first. Or auditioning for American Idol without meeting the judges.
At Funding Circle, we believe you should understand exactly what you’re getting into from the very beginning. That’s why we’ve put together this credit criteria guide for all small business owners.
When you download this free guide, you’ll get an inside look at the five categories of criteria most commercial lenders consider when evaluating a business like yours for a loan.
Chris Capecelatro is Funding Circle's U.S. director of underwriting. Previously, he managed credit risk for a global casualty insurer in addition to working in commercial lending for a local bank.