Basis Point Quotes

“A persons trustworthiness in one area of life may not necessarily transfer over to their trustworthiness as a borrower. And a business that can be trusted to do the right thing for its customers may not necessarily be a business that can be trusted to do the right thing for its creditors.”
― Hendrith Vanlon Smith Jr, Capital Acquisition: Small Business Considerations for How to Get Financing

“We all really only want to lend our money to people we can trust to pay it back. It’s the same thing with banks and other institutional
lenders.”
― Hendrith Vanlon Smith Jr, Capital Acquisition: Small Business Considerations for How to Get Financing

“The infamous Debt-To-Income ratio is the standard formula most lenders use to determine a potential borrowers capacity. Lenders calculate this by adding up a borrower’s total monthly debt payments and dividing that by the borrowers gross monthly income.”
― Hendrith Vanlon Smith Jr, Capital Acquisition: Small Business Considerations for How to Get Financing

“It’s ironic perhaps – but no one wants to lend money to someone or something that has no money or no monetary worth. You wouldn’t plant a seed on barren ground – you plant a seed where there’s already a wealth of resources sufficient to cultivate the seed. It could be a tiny bit of soil in a pot, or the expanse of your front yard. But you’re going to make sure the seed has enough soil to put down roots and a quality of soil that facilitates growth.”
― Hendrith Vanlon Smith Jr, Capital Acquisition: Small Business Considerations for How to Get Financing