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From course:

Business MYE

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Question:

A business is more likely to get a loan if

Author: Freya Watson



Answer:

A cash flow forecast shows why the finance is needed and how it will be used, an income statement for the last time period and forecast one for the next, details of existing loans and sources of finance being used, evidence that collateral is available to reduce the banks risk if it lends, a business plan to explain clearly what the business hopes too achieve in the future and why the finance is important to these plans


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