Uh oh! You're not
+ Create New Flashcard
released by a
, to another bank or
. Bank references generally include (1) number of years of a customer's
with the bank, (2) number of loans and the amounts of their balances, (3) type and
of collateral(s) provided, and (4) a
of the customer's latest
with the bank. Banks usually are under no
to seek the customer's
(or to reveal the
of the recipient) for releasing such information.
letter of credi...
You also might like...
Types of Small Business Loans
Acquiring financing to grow your small business can be a challenge, but is achievable if you plan ahead. Why Do You Need a Loan? Before you get started with loan applications you must have a solid understanding and justification for why you need a loan for your business. You cannot waltz into the ...
Deed of Trust vs. Mortgage
When buying a home most of us don't have the cash immediately available to simply buy the home outright, which results in the need for home loans. In order to secure a home loan lenders require the home to be put up as security, and the most common mechanisms for this are a deed of trust or a ...
How to Finance a Franchise Purchase
Establishing a franchise business gives you the advantage of working for yourself and at the same time, having access to the resources and know-how of the franchisor. Plan well and work hard and you will have the satisfaction of seeing your operations grow over a period of time. But starting ...
How to Pick a Credit Card for Your Business
One of the easiest and most convenient ways for a small business to raise money is to use a business credit card. You can get one based on your personal credit score, a factor that makes these cards popular with startups. Even existing businesses find credit cards of this type useful as the bank ...
Copy & paste this HTML in your website to link to this page
Browse Dictionary by Letter: