COLLEGE ACCOUNTING (LL)W/ACCESS>CUSTOM<
COLLEGE ACCOUNTING (LL)W/ACCESS>CUSTOM<
4th Edition
ISBN: 9781260255157
Author: Haddock
Publisher: MCG CUSTOM
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Chapter 1, Problem 1.6SRA

As the owner of a small business, you have decided to expand your locations. In order to expand, you must apply for a loan. What type of information will you need to provide to the lender?

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A small business (pizzeria) is interested in expanding to a larger location and needs to obtain a bank loan. Part of the loan requirement is to pres write a business plan. You will help the client complete the accounting process and write the business plan. Provide key elements that would be required as part of a business plan.
What types of information about a business would bankers want before extending a loan?
When selecting a financial institution, you should consider: (select all that apply) fees for services. | convenience, such as location of branches and online access to your account. interest rates charged on loans. interest rates earned on your savings.
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