Hints for Borrowing Money

Summary

Some small business persons cannot understand why a lending
institution refused to lend them money. Others have no trouble
borrowing money, but they are surprised to find strings attached
to their loans. Such owner-managers fail to realized that banks
and other lenders have to operate by certain principles just as
do other types of business.

This Aid discusses the following fundamentals of borrowing money:
(1) credit worthiness,
(2) kinds of loans,
(3) amount of money needed,
(4) collateral,
(5) loan restrictions and limitations,
(6) the loan application, and
(7) standards which the lender uses to evaluate the application.

Intro- hints for borrowing money Is Your Firm Credit Worthy? Adequate Financial Data is a "Must."	What Kind of Money? Short-Term Bank Loans Term Borrowing	Equity Capital How Much Money? What Kind of Collateral?
Endorsers, Co-makers, and Guarantors Assignment of Leases Warehouse Receipts	Trust Receipts and Floor Planning Chattel Mortgages Real Estate	Accounts Receivable Savings Accounts Life Insurance
Stocks and Bonds What Are the Lender's Rules? What Kinds of Limitations?	Covenants--Negative and Positive You Can Negotiate The Loan Application	Insurance & Personal Finances Evaluating the Application

Continue to learn with Hints for Borrowing Money. By : Ahren Lotze