Aubree has a strong history of serving customers as Corporate Investment Managers in St.Vincent and the Grenadines, Jamaica and St. Lucia . It is interested in strengthening its relationship with Entrepreneurs in these countries by providing lending services. Aubree recognizes the need and demand for financing of Small Medium Enterprises. However, the Aubree management team realized that before it could scale up the capacity of its financial services department and introduce new lending programs, it needed strong credit and lending policies and procedures in place. To date, Aubree has no loan policies or procedures for Small Medium Enterprises. 1. Given the scenario, develop and outline at least three critical elements needed for its loan policies and procedures.
Aubree has a strong history of serving customers as Corporate Investment Managers in St.Vincent and the Grenadines, Jamaica and St. Lucia . It is interested in strengthening its relationship with Entrepreneurs in these countries by providing lending services. Aubree recognizes the need and demand for financing of Small Medium Enterprises. However, the Aubree management team realized that before it could scale up the capacity of its financial services department and introduce new lending programs, it needed strong credit and lending policies and procedures in place. To date, Aubree has no loan policies or procedures for Small Medium Enterprises.
1. Given the scenario, develop and outline at least three critical elements needed for its loan policies
and procedures.
Step by step
Solved in 3 steps
