Are you undecided whether to approach a big bank or a small bank for a business loan? If YES, here are 3 key reasons you should go to a small bank for a loan. To start a business or fund a project, an entrepreneur can borrow from a number of banks. There are two types…

 

Which of the following document is generally not required to get a business loan from a bank? Credit report? Driver’s license? Business plan? I advice you read on. In the united states and of course in most countries of the world, it is the norm for businesses to leverage on loans to expand their business,…

 

Which is the most important requirement a business needs to secure a bank loan to fund its operations? Credit report? Business plan? Collateral? Guarantor? Every business at some point in time will need access to working capital to pay for new employees, office space, materials, equipment, marketing, and more. Although the average cost of starting…

 

Letter of good standing is a document issued by the bank upon customer’s request, used to express the bank’s intent/availability to support and develop the customer’s internal and international business relationships, under certain conditions. Just like people, businesses and financial institutions prefer developing relationships with individuals or organizations they trust. Therefore, when determining whom to…