Buy custom MANAGING/ANALYZING LOAN REQUESTS, BUSINESS FEASIBILITY AND BORROWER’S CREDIBILITY
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| Topic: |
Business
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| Number of pages / Number of words: |
9 / 2373 |
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These elements would bring to the fore whether the firm is really in a good position to obtain the loan or not. For example where the management team of the organization is seeking for the loan just to rescue their own reputation because of underperformance and incompetence in the past, their track record would bring them out and should question an approval for such a request because it would bring with it a high risk of non-payment which I believe every lender does not desire...
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Statement of Purpose: A loan request without a clear-cut plan for what it would be used for I think should not be considered right from the point of reception of the request. It is imperative that a good loan request should contain distinctly, concisely and legibly what it would be used for. Most firms I believe try to help prospective borrowers by printing forms that would guide such loan request...
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