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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


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
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