Unless one is dealing with a publicly-held company, determining the creditworthiness of the borrower can be difficult. Information on privately-owned companies is not readily available, and the lender should begin a thorough fact-finding process well in advance of the desired closing date. The time required to complete a transaction in Mexico can also be longer than what foreign lenders normally expect; this is occasionally a source of frustration.
Banking & Finance
Posted in Banking & Finance.