Small Business Glossary - Definition of the term Creditworthy

Definition of Creditworthy

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Definition:

A determination by a lender on whether a borrower is capable of repaying a loan. There are a wide variety of criteria used by lenders in determining whether a business or person is creditworthy. Common measures used are a satisfactory credit history (at least two years) and sufficient current income to repay the loan.

Related Terms:

Credit
Qualification
Loan

Related Information:

Small Business Loans
Financing a Small Business

Related Books:

Finding Money: The Small Business Guide to Financing
How to Get a Small Business Loan: A Banker Shows You Exactly What to Do to Get a Loan
More Books about Financing a Small Business

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