Financiers today prefer to consider loan applications made in the form of a business plan. The time of the negotiation of financing verbal gone. Rigid procedures for analyzing credit records are now established in all banking and financial institutions with accurate indicators and ratios observed in the analytical method.
To convince the banker, the business plan of the borrower must put an emphasis on the financial analysis of the project presented. A study financial well-trained,
- Tables with consistent financial
- The updated statistical data and realistic
- Financial ratios goods arranged,
- And legal documents in support.
- The borrower must not forget also to highlight the most recent financial statements, if possible certified by an accounting firm when it comes to a company. . All these elements will reassure the banker in his analysis of funding request.
It must also provide guarantees.
Whether you are an individual business owner or manager of a business anonymously, the banker will ask you in most cases and more guarantees on company assets, personal guarantees. Refuse to provide will be collected by the financial partner as a lack of confidence in your project that can then run the risk of not being funded or to be at a rate less important, the financial risk is higher.
The two main guarantees made on financial assets are
- Collateral and (
- Mortgages.
When personal property used to pay a debt as collateral, it is called collateral; however when you give as security building, we talk about mortgage, like any deed, require the intervention of a notary.
The most significant off-balance sheet guarantee the security:
This is a contract by which a person, the surety, engages with the banker to pay the debt that the borrower does not and would counter whatever the reasons.
The risk level is that the duration of the bond is often indeterminate even going beyond the disappearance of the deposit to achieve the commitment of his heirs.
To convince the banker, the business plan of the borrower must put an emphasis on the financial analysis of the project presented. A study financial well-trained,
- Tables with consistent financial
- The updated statistical data and realistic
- Financial ratios goods arranged,
- And legal documents in support.
- The borrower must not forget also to highlight the most recent financial statements, if possible certified by an accounting firm when it comes to a company. . All these elements will reassure the banker in his analysis of funding request.
It must also provide guarantees.
Whether you are an individual business owner or manager of a business anonymously, the banker will ask you in most cases and more guarantees on company assets, personal guarantees. Refuse to provide will be collected by the financial partner as a lack of confidence in your project that can then run the risk of not being funded or to be at a rate less important, the financial risk is higher.
The two main guarantees made on financial assets are
- Collateral and (
- Mortgages.
When personal property used to pay a debt as collateral, it is called collateral; however when you give as security building, we talk about mortgage, like any deed, require the intervention of a notary.
The most significant off-balance sheet guarantee the security:
This is a contract by which a person, the surety, engages with the banker to pay the debt that the borrower does not and would counter whatever the reasons.
The risk level is that the duration of the bond is often indeterminate even going beyond the disappearance of the deposit to achieve the commitment of his heirs.
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