How Does A Bank Look At A Funding Request For A (small) Business Loan?

What is are the assets the bank will want as collateral for this loan. Will they want a sponsion by the director / shareholder. Are there other conditions that have to be fulfilled. For instance often the bank will want to receive an interim balance sheet and profit and loss account (often at high costs for the business involved in this loan process). After the credit team goes along with the final proposal, the account manager / loan officer will discuss the bank’s offer with his customer. Tips for Getting a Small Business Loan The Finishing Touches The customer will have to decide if he will take the bank up on their offer. There is usually some room for negotiation.
For the original version including any supplementary images or video, visit http://raymondphilippe.hubpages.com/hub/How-Does-A-Bank-Look-At-A-Funding-Request-For-A-Small-Business-Loan

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s