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  2. What documents are required to apply for an LLC loan? - AOL

    www.aol.com/finance/documents-required-apply-llc...

    Common documents to include with a business loan request are your business plan, financial statements, tax returns, personal financial information and collateral details. An LLC can get a business ...

  3. Documents you’ll need to apply for an unsecured business loan

    www.aol.com/finance/documents-ll-apply-unsecured...

    Financial statements: Lenders will commonly ask for the most recent bank and loan statements for your business to make sure you can afford the new loan. Most lenders want to see statements from a ...

  4. Letter of credit - Wikipedia

    en.wikipedia.org/wiki/Letter_of_credit

    The applicant is the person or company who has requested the letter of credit to be issued; this will normally be the buyer. The beneficiary is the person or company who will be paid under the letter of credit; this will normally be the seller (UCP600 Article 2 defines the beneficiary as "the party in whose favour a credit is issued").

  5. How to get a short-term business loan - AOL

    www.aol.com/finance/short-term-business-loan-5...

    Bankrate insight. The best short-term business loan will depend on your business’s needs. Research is critical, but so is knowing the type of short-term loan your business needs. Lenders like ...

  6. Prosper Marketplace - Wikipedia

    en.wikipedia.org/wiki/Prosper_Marketplace

    Prosper Marketplace is America's first peer-to-peer lending marketplace, with over $23 billion in funded loans. [ 1] Borrowers request personal loans on Prosper and investors (individual or institutional) can fund anywhere from $2,000 to $50,000 per loan request. Investors can consider borrowers’ credit scores, ratings, and histories and the ...

  7. Security interest - Wikipedia

    en.wikipedia.org/wiki/Security_interest

    In finance, a security interest is a legal right granted by a debtor to a creditor over the debtor's property (usually referred to as the collateral [ 1]) which enables the creditor to have recourse to the property if the debtor defaults in making payment or otherwise performing the secured obligations. [ 2] One of the most common examples of a ...

  8. What are small business loans and how do they work? - AOL

    www.aol.com/finance/business-loans-215421282.html

    Typically, lenders require the collateral used to secure the loan equal to 100 percent of the loan amount. If you take out a secured business loan, the value of your collateral should equal the ...

  9. Verification of employment - Wikipedia

    en.wikipedia.org/wiki/Verification_of_employment

    Verification of employment. Verification of Income and Employment (VOIE) is a process [1] used by banks and mortgage lenders in the United States to review the employment history of a borrower, [2] to determine the borrower's job stability and cross-reference income history with that stated on the Uniform Residential Loan Application (Form 1003).

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