How To Get A Business Loan In 6 Steps
Savings Corner
APRIL 4, 2024
To find out whether your business can afford a loan, many lenders will use something called a debt service coverage ratio (DSCR). DSCR = annual net operating income / total annual debt, including principal and interest Many lenders won’t consider any business with a DSCR below 1.25, and the higher the number, the stronger you look.
Let's personalize your content