Rethinking the risks of self-employment

Most likely have no idea that their career decisions could impact their future ability to get a loan from a bank. From a bank's perspective, the ability to repay a loan is in jeopardy. Make no mistake: some bank out there will benefit from changing the underwriting requirements for self-employe...

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Bibliographic Details
Published inBank News Vol. 124; no. 3; p. 6
Main Author Yang, Anna Burgess
Format Trade Publication Article
LanguageEnglish
Published Minneapolis NFR Communications Inc 01.07.2024
Subjects
Automation
Self employment
Startups
Underwriting
United States > US
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Summary:Most likely have no idea that their career decisions could impact their future ability to get a loan from a bank. From a bank's perspective, the ability to repay a loan is in jeopardy. Make no mistake: some bank out there will benefit from changing the underwriting requirements for self-employed people.
ISSN:0005-5123