Foundations of Business - Standalone book (MindTap Course List)
4th Edition
ISBN: 9781285193946
Author: William M. Pride, Robert J. Hughes, Jack R. Kapoor
Publisher: Cengage Learning
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Question
Chapter 16, Problem 4DQ
Summary Introduction
To determine: The reasons on why a lender offer unsecured short-term loans when it could demand collateral.
Introduction: Loans allude to when a party offers cash to another depending on the prerequisite that it be paid back, ordinarily with interest, at a specific time later on.
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What types of collateral or security can a lender require from a guarantor to secure a continuing guarantee?
Determine the collateral you have that may help you secure a loan from a bank, credit union or other sources of debt financing (home, car, equipment, land, stock, assets of a cosigner, etc.) Identify a source of debt financing that may be available to you (friends, family members, credit cards, trade credit, banks, credit unions, private lenders, etc.). Describe the type of loan (term loan, promissory note, line of credit, SBA, etc.), the amount of money that might be available, the possible interest on the loan, and the security that might be required. Identify a potential partner or firm that might provide equity financing for your new business. What types of businesses do they like to invest in? How much money do they typically invest in each deal? At what stages of the business do they generally invest? Why would they be a good partner for your business?
Note:-
Do not provide handwritten solution. Maintain accuracy and quality in your answer. Take care of plagiarism.
Answer…
What components would an investor or loan officer believe that are important? Please explain your response.
Chapter 16 Solutions
Foundations of Business - Standalone book (MindTap Course List)
Ch. 16 - Prob. 1CCCh. 16 - Prob. 2CCCh. 16 - Prob. 3CCCh. 16 - Prob. 4CCCh. 16 - Prob. 5CCCh. 16 - Prob. 6CCCh. 16 - Prob. 7CCCh. 16 - Prob. 8CCCh. 16 - Prob. 9CCCh. 16 - Prob. 10CC
Ch. 16 - Prob. 11CCCh. 16 - Prob. 12CCCh. 16 - Prob. 13CCCh. 16 - Prob. 14CCCh. 16 - Prob. 15CCCh. 16 - Prob. 16CCCh. 16 - Prob. 17CCCh. 16 - Prob. 18CCCh. 16 - Prob. 19CCCh. 16 - Prob. 20CCCh. 16 - Prob. 21CCCh. 16 - Prob. 22CCCh. 16 - Prob. 1DQCh. 16 - Prob. 2DQCh. 16 - Prob. 3DQCh. 16 - Prob. 4DQCh. 16 - Prob. 5DQCh. 16 - Prob. 6DQ
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