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It let the Woods replace their home with a new, safe, affordable, energy-efficient manufactured home. The award was for expansion of an innovative financing program for manufactured housing mortgage loans. Nearly 700 families financed homes through the Community Loan Fund , which won a $5.5 Flexible loan amounts.
Some considerations that will help your company improve terms of credit: Creditworthiness Establish what parameters your business will follow to decide a customer is creditworthy. The software used, customers served and even an organization’s size can change how and when to offer credit to customers.
However, it may be too rigid to use net DSCR alone when examining an entity’s creditworthiness. For example, real estate or nonprofit entities are very different from traditional commercial businesses like a manufacturing plant or logistics company. Operating income is an accounting number and often doesn’t agree with actual cash.
You can also imagine a future where a consumer’s creditworthiness, coupled with vehicle depreciation and equity, will allow for more opportunities around personalization of payments. Having said that, as we’ve seen with social media, I think that consumers may be willing to surrender some of their privacy concerns if value is being delivered.
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