Low costs aren't the only reason to choose a lender. Also consider these important details before saying yes.
While it's tempting, you shouldn't just pick the lender that offers the lowest total cost. Instead, consider:
After you've found a lender, prepare to negotiate. Each party seeks an advantageous position, and the terms can influence whether the lender will fund your project. Here's what's negotiable:
Gary I. Glassman, CPA, is a financial consultant and partner with Burzenski and Co. PC in East Haven, Conn., and a Veterinary Economics Editorial Advisory Board member.