Lenders Quotes

“We all really only want to lend our money to people we can trust to pay it back. It’s the same thing with banks and other institutional
lenders.”
― Hendrith Vanlon Smith Jr, Capital Acquisition: Small Business Considerations for How to Get Financing

“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.”
― Hendrith Vanlon Smith Jr, Capital Acquisition: Small Business Considerations for How to Get Financing

“It’s ironic perhaps – but no one wants to lend money to someone or something that has no money or no monetary worth. You wouldn’t plant a seed on barren ground – you plant a seed where there’s already a wealth of resources sufficient to cultivate the seed. It could be a tiny bit of soil in a pot, or the expanse of your front yard. But you’re going to make sure the seed has enough soil to put down roots and a quality of soil that facilitates growth.”
― Hendrith Vanlon Smith Jr, Capital Acquisition: Small Business Considerations for How to Get Financing

“In most cases, lenders are not interested in owning the collateral itself – they are only interested in the cash value of the collateral.”
― Hendrith Vanlon Smith Jr, Capital Acquisition: Small Business Considerations for How to Get Financing

“Lenders want to have peace of mind when it comes to getting their money back plus profit – collateral is one thing that gives that peace of mind.”
― Hendrith Vanlon Smith Jr, Capital Acquisition: Small Business Considerations for How to Get Financing