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Capital Acquisition: Small Business Considerations for How to Get Financing

Book by Hendrith Vanlon Smith Jr · 3 quotes · Lending, Business Loans, Hendrith Smith

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Capital Acquisition: Small Business Considerations for How to Get Financing Quotes

“A persons trustworthiness in one area of life may not necessarily transfer over to their trustworthiness as a borrower. And a business that can be trusted to do the right thing for its customers may not necessarily be a business that can be trusted to do the right thing for its creditors.”

“The infamous Debt-To-Income ratio is the standard formula most lenders use to determine a potential borrowers capacity. Lenders calculate this by adding up a borrower’s total monthly debt payments and dividing that by the borrowers gross monthly income.”