This paper considers how to prepare a written Finance Application if the bank does not require the application to be made on one of their standard loan application forms.
Even if the banker does not require a separate written application to be submitted, the details contained within this paper should be of interest to small/medium enterprise operators who wish to borrow funds from a bank or financial institution.
The paper, comprising six pages, considers:
- What Is The Bank Looking For?
- How Skilled Are The Owners Or Management In The Operation Of The Business As A Whole?
- Ability To Properly Manage The Business
- Operating To A Business Plan
- Risk Analysis
- Cover The Risk Questions In The Application
- Appraising A Loan By A Banker Or Financier
- The Loan Application
