What We Look For

Lending Criteria

Self-Help reviews the following to determine if you qualify for a loan. Sometimes a weakness in one area can be balanced/offset by strength in another area. However, a weakness in more than one area may result in loan denial.

Management

Do you have a successful financial track record and do you run a quality program? Do you have the education and experience necessary to run your enterprise?
Cash Flow

Does your income cover your expenses? If not, you must have enough equity or net assets to cover foreseeable losses.

Collateral

What collateral is available to secure the loan? Collateral is something pledged by a borrower to protect the interests of the lender. Examples include houses, land, or other real estate; vehicles; equipment. Collateral is especially important if your organization is not strong financially, is a start-up, or if the owner does not have a positive credit history.

Equity

Does your organization have a positive net worth through owner investment, retained earnings, or net assets? If your existing business is a start-up, do you have money to invest in the business?

Credit History

Do you and your organization meet your credit obligations responsibly? We cannot serve customers with unresolved bankruptcies or outstanding judgments.

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