TRY TO DISCOVER! Five Keys of Loan Applications (Williams, Mark, 2019)What do you think are banks, lending institution and financing companies look for whenreviewing a loan application of prospective client borrower?The most fundamental characteristics most prospective lenders will concentrate on include:1. Credit history2. Cash flow history and projections for the business3. Collateral available to secure the loan4. Character5. Myriad pieces of loan documentation that includes business and personal financialstatements, income tax returns, a business plan and that essentially sums up and providesevidence for the first four items listed.

In the given question, we need to highlight the five keys of loan application i.e. the fundamental…

TRY TO DISCOVER! Five Keys of Loan Applications (Williams, Mark, 2019) What do you think are banks, lending institution and financing companies look for whe eviewing a loan application of prospective client borrower? The most fundamental characteristics most prospective lenders will concentrate on include: Credit history Cash flow history and projections for the business Collateral available to secure the loan Character Myriad pieces of loan documentation that includes business and personal financial statements, income tax returns, a business plan and that essentially sums up and provides evidence for the first four items listed.

TRY TO DISCOVER! Five Keys of Loan Applications (Williams, Mark, 2019) What do you think are banks, lending institution and financing companies look for whe eviewing a loan application of prospective client borrower? The most fundamental characteristics most prospective lenders will concentrate on include: Credit history Cash flow history and projections for the business Collateral available to secure the loan Character Myriad pieces of loan documentation that includes business and personal financial statements, income tax returns, a business plan and that essentially sums up and provides evidence for the first four items listed.

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Question

TRY TO DISCOVER! Five Keys of Loan Applications (Williams, Mark, 2019)
What do you think are banks, lending institution and financing companies look for when
reviewing a loan application of prospective client borrower?
The most fundamental characteristics most prospective lenders will concentrate on include:
1. Credit history
2. Cash flow history and projections for the business
3. Collateral available to secure the loan
4. Character
5. Myriad pieces of loan documentation that includes business and personal financial
statements, income tax returns, a business plan and that essentially sums up and provides
evidence for the first four items listed.

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