A boat load of C’s: Character
Character – (integrity) has been defined as an intangible sum of personal attributes, and these attributes are revealed in many ways; through ones reputation, longtime residency, personal habits, and attitude toward obligations. A lender needs to know or feel if your character is ever tested, that you would repay the loan on a timely basis. Most of us would like to own an expensive car, but can your business pay for it?
It is a good idea to get your credit history before applying for a loan. You may be able to cure some mistakes that may have unintentionally appeared in your personal credit information.