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Borrowing Money - Banker Key Questions



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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Manage Your Business
(Visit Manage Your's Website)
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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