How does Marlin decide whether or not to approve my loan or lease?
Credit decisions can vary depending upon the individual business and its industry, credit rating, time in business, borrowing experience, etc. Similar to how you qualify for personal credit. *Note that there are times where your personal credit will still need to be considered even when you have established commercial credit.
Risk-based pricing vs. pass-fail pricing allows us to say “yes” more often, pricing our financial instruments commensurate with associated credit risk. Rather than saying, “no,” we are able to say, “yes” to more challenged credits by charging a little more interest. Over 100 data points go into decisions that can happen in seconds.