Types of Credit Appraisal Methods for Your Business Loan

Credit appraisal is the process whereby a loan’s applicant application is reviewed to determine the ability of the applicant to repay the loan. Lenders that provide small business loans conduct credit appraisals to have a high assurance of getting their money back. The appraisal confirms that you can pay the money back on time without late payments or missing any payment.

Source

Leave a Reply

Your email address will not be published. Required fields are marked *