How to get a 'yes' from your banker
Article Abstract:
Improperly valued collateral, unexcused unprofitability, and the owners' unwillingness to accept personal liability are three of the most common reasons why banks refuse a business loan application. Applications that fail to document a purpose for the loan also tend yield adverse results.
Publication Name: Nation's Business
Subject: Business, general
ISSN: 0028-047X
Year: 1996
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When a customer goes bankrupt
Article Abstract:
Small businesses should be wary of signs that a customer is have financial problems. Securing claims helps to prevent losses in a bankruptcy, and filing a notice of claim is important. Business owners should get on a mailing list of creditors to keep apprised of a bankruptcy case.
Publication Name: Nation's Business
Subject: Business, general
ISSN: 0028-047X
Year: 1996
User Contributions:
Comment about this article or add new information about this topic:
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