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Borrowing Money - Banker Key Questions

Written by: Manage Your Business

Article Overview: The key questions the banker will be seeking to answer are as follows:

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Borrowing Money - Banker Key Questions

The key questions the banker will be seeking to answer are as follows:

* Can the business repay the loan? (is cash flow greater than debt service?)
* Can you repay the loan if the business fails? (is collateral sufficient to repay the loan?)
* Does the business collect its bills?
* Does the business control its inventory?
* Does the business pay its bills?
* Are the officers committed to the business?
* Does the business have a profitable operating history?
* Does the business match its sources and uses of funds?
* Are sales growing?
* Does the business control expenses?
* Are profits increasing as a percentage of sales?
* Is there any discretionary cash flow?
* What is the future of the industry?
* Who is your competition and what are their strengths and weaknesses?

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About the Author: Manage Your Business
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Successfully managing a business requires specific management skills in addition to knowledge of key business practices. Within this section you’ll learn about leadership traits, decision-making skills, and how to manage your employees. Additionally, we’ll walk you through a host of important topics to manage your business including: marketing basics, setting prices, filing your business taxes, legal considerations, forecasting for future growth, and financing options.

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Related Forum Posts
Re: Advice Wanted Re: Advice Wanted - I keep saying this but I have to say it again. I dont like partnerships. Any family money should be a know donation to you before hand. Borrowing from family is one of the worst most stressful things you can do. I would have to know more to give any real advice but be careful with partners. If you do decide to take on a partner make sure you get a good business attorney.
Re: Which would you start: a Blog or Online Community? Re: Which would you start: a Blog or Online Community? - It is a difficult decision to make. Lets start it this way - What are you more interested in? Money? or Friends? or Both? If its purely Money, then Blog might be an appropriate answer. But consider this - It will be people (visitors) that will bring traffic to your blog and then Money will follow. This will be possible after a time and during this time it will be your friends who will be the starters. If you are looking for friends only, then its true that not many will be interested in knowing how you have beaten them in the game or the other way round. So it will be preferable to have a Forum where they can share ideas with you and others. But you can share your insider knowledge with them and invite comments from your Blog. You can also put up information on what others (including your friends) don't know about Tennis. The blog you create can provide News, Inside Information and also Techniques that can be used by the new entrants in the world of Tennis.
Making Money in 2011 Making Money in 2011 - Hello forum members! As we draw closer to the new year I thought it would be appropriate to change the title of our forum category "Making Money in 2010" to "Making Money in 2011" - I'm looking forward to some interesting discussions and wish everyone a prosperous New Year!
QuickBooks vs. Microsoft Money vs....? QuickBooks vs. Microsoft Money vs....? - I have always used Microsoft Money to run my business - accounting, invoicing, etc. It came with my computer when I got it and integrated well with my online banking system so everything is a breeze. It only takes 30-60 minutes every quarter to do the bookkeeping (keep in mind that I have a very simple business - no inventory, very little invoicing, I do all my payments by credit card, etc). Is QuickBooks or Money the best accounting tool for small business owners? Or is there something even better?
Re: Advice Wanted Re: Advice Wanted - [quote="tobuso":3urnktbh]I keep saying this but I have to say it again. I dont like partnerships. Any family money should be a know donation to you before hand. Borrowing from family is one of the worst most stressful things you can do. I would have to know more to give any real advice but be careful with partners. If you do decide to take on a partner make sure you get a good business attorney.[/quote:3urnktbh] It sounds like you've been burned in the past by partnerships Philip!


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