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No, a company cann't use a bank statement "alone" for the purpose of loan. It needs to show its market capitalisation, if its shares are issued else last 2-3 years balance sheet is suffice!!
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∙ 15y ago
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What are the requirements for an SBA loan?
Some requirements for a SBA loan would include: the company would have to provide the bank with a description of the type of business, the purpose of the loan, personal financial statements, business financial statements, &the loan request.
How many months bank statements do I need to give to take an auto loan from a bank?
To get an auto loan from a bank you need to give three months bank statements for your salary account along with many other documents. The salary is reviewed by the bank and then the loan amount is decided.
Can a company co-sign on a loan without disclosing the loan on financial statements?
Generally, no.
How to pass journal entry if company take t he loan from bank?
debit cash . bankcredit loan from bank
Do we the people have to submit my bank statements to the bank holding a car loan?
Not after you are approved. if you can't afford to pay, surrender it/
How do you pass journal entry if company take the loan from bank?
debit cash / bankcredit loan from bank
When a car loan company go out of business what happens to your loan?
You continue to pay it as normal because your loan is thru a bank not the actual company, if your financing thru there company then you should be going thru a bank now.
How do you pass journal entry if company take t he loan from bank includes interest?
debit bank accountcredit loan from bankwhen interest incurreddebit interest on loancredit loan from bank
What do foreclosed mean?
The action taken by a bank or loan company to call in a loan or mortgage.
Why should you get a bank loan rather than a loan from a finance company?
You will have better advantages
What are the SBA loan requirements and where can I get them from?
In order to receive an SBA loan, you will need to have a business plan, the amount you will be needing as a loan, historical financial statements, projected financial statements and the personal financial summaries of those who will be guaranteeing the loan. You should be able to apply for an SBA loan at almost any bank.
What is the best loan company?
Finding the best loan company all depends on your location. There are many online as well. The best ones would be the bank that you use or another local bank.
