Our wheelhouse provides multiple options to accommodate your unique financial composition
The Five C's
Capacity
Lenders need to determine whether you can comfortably afford your payments. Your income and employment history are good indicators of your ability to repay outstanding debt. Income amount, stability, and type of income may all be considered. The ratio of your current and any new debt as compared to your before-tax income, known as debt-to-income ratio (DTI), may be evaluated.
Credit
Your credit report is primarily a detailed list of your credit history, consisting of information provided by lenders that have extended credit to you. While information may vary from one credit reporting agency to another, the credit reports include the same types of information. Generally, the higher the score, the lower the risk. While many lenders use credit scores to help them make their lending decisions, each lender has its own criteria, depending on the level of risk it finds acceptable for a given credit product.
Collateral
Loans, lines of credit, or credit cards you apply for may be secured or unsecured. With a secured product, such as an auto or home equity loan, you pledge something you own as collateral. The value of your collateral will be evaluated, and any existing debt secured by that collateral will be subtracted from the value. The remaining equity will play a factor in the lending decision.
Capital
While your household income is expected to be the primary source of repayment, capital represents the savings, investments, and other assets that can help repay the loan. This can be helpful if you lose your job or experience other setbacks.
Conditions
Lenders may want to know how you plan to use the money and will consider the loan’s purpose, such as whether the loan will be used to purchase a vehicle or other property. Other factors, such as environmental and economic conditions, may also be considered.
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Funding Sense is born!!!
I’d like to get to the bottom line, right here at the top! Funding Sense is the common sense practice for those seeking financing for business start ups. Helping you discover the options available to you within your financial composition. It all begins with your dream – So Understanding your goals are key. After our initial discussion, we will review your financials... Keeping you financially safe is first on our list and a constant consideration in all our processes. We will be considering all options. And it may be that there is a single solution. Or, it may take more than one resource. We’ll find the right formula .... And it will make complete FUNDING SENSE! Everyone's financial composition is different and we never turn down an opportunity to help someone who is motivated to finance the American Dream. If you are not quite fundable, we will give you the roadmap to achieve bankability. If possible, we will make introductions.
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