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Integrity Financial offers fundamentals of bank loans, bank financing.

BANKING AND CREDIT NEWS-August 9, 2016-Integrity Financial offers fundamentals of bank loans, bank financing

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Integrity Financial Groups, LLC has offered consumers information on options available to businesses when financing large capital expenditures, the company said.

Options include paying with cash, securing a bank loan, arranging dealer financing and getting third-party financing.

The company outlined several factors in considering a bank loan, including reminders that banks are in business to make a profit and focus on rate of return. Banks will look at credit worthiness, longevity of the business and collateral.

Banks are not personally tied to a business and 70 percent of requests for small business loans are rejected. Bank loan applications, consideration and approval can take 30-60 days. Banks look for high-return and low-risk prospects.

Integrity Financial Groups is an equipment finance company.

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Publication:M2 Banking & Credit News (BCN)
Date:Aug 9, 2016
Words:153
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