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Who is generally not required to get a business loan from a bank?
Wiki User
∙ 7y ago
A wealthy startup investor
Wiki User
∙ 7y ago
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Which is generally not required to get a business loan from a bank?
estatus social
Which of the following is generally not required to get a buisiness loan from a bank?
a weathy startup investor
What is collateral as it relates to the business?
The word collateral in business is that the bank has rights to take away your collateral or something that you put in stock that you own. For example, John owns a farm and he took a loan. The problem is that he didn't deposit his loan in the bank back, so the bank took his collateral that he put in the bank if he didn't pay his loan back. So that is why the bank has John's farm. So I prefer that if you take a loan, then pay your loan back. Or else your collateral is bye-bye.
Can you sell a business to your spouse to qualify for a minority business loan?
You can sell your business to your spouse and if she is a minority, then she may be eligible for a minority business loan. You must ask the loan officer if the person has to be the owner for a certain amount of time before they qualify for the loan.
When a co signer on a business loan dies is the estate responsible or is the other business owner liable for paying the loan?
It depends on how the business and the loan are titled. If the business is a partnership, the business may be responsible for paying the loan. If the borrowers signed as individuals the surviving signer may be able to make a claim against the estate. You should consult with an attorney who can review the loan and any business documents and explain your responsibilities and options.
Which is generally not required to get a business loan from a bank?
estatus social
Is generally not required to get a business loan from a bank?
a wealthy startup investor
What is generally not required to get a business loan from a bank?
A wealthy startup investor--APEXvs
Ask us of the following is generally not required to get a business loan from a bank?
a wealthy startup investor
Which of the following is generally not required to get a buisiness loan from a bank?
a weathy startup investor
Is a bank loan a financial asset?
Bank loan is a liability for business not an asset for business.
What is the bank loan on a trial balance?
Bank loan is that amount which is taken from bank for daily working of business and liability of business to be paid in future.
What is one advantage of obtaining a business loan from a bank rather than from a venture capitalist?
A. The bank loan ensures that the business will be successful. B. The bank loan can be borrowed for a longer period of time. C. The business that receives a bank loan retains full ownership of its company. D. The bank loan can be obtained without paperwork.
Where can one get a bank loan for starting a small business?
There are many different places where one can get a bank loan for starting a small business. The best place to get a bank loan is by visiting a local banking institution.
What bank in Plano, Texas offers the best small business loan?
Bank of America offers the best small business loan at 10%.
Can you get a loan from a bank with a responsible co signer?
Your abaility to obtain a loan from a bank is generally based on your credit score and what type of loan you would like to get. Generally, if you have a cosigner that has a good credit report you should be able to get a loan.
Why is a loan a liability for a bank?
The person or business may not pay the loan back and the bank has to take the loss
