Definition:
An evaluation of a person or business that determines their ability to do the work required for a contract or task. In applying for a loan, it is the process in which the lending agency uses to evaluate a prospective borrower's credit and repayment ability prior in order to decide whether to make a loan.
Related Terms:
Credit
Creditworthy
Loan
Related Information:
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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