M5 L3 Loans and Credit

Loans and Credit For Small Business

Process for Getting a Loan ,[object Object],[object Object],[object Object],[object Object]

Types of Loans Available ,[object Object],[object Object]

Secured Loans ,[object Object]

Secured Loans Available ,[object Object],[object Object]

Secured Loans Available ,[object Object],[object Object],Line of Credit

Entrepreneurial Characteristics Needed to Obtain Financing (6 C’s of Credit) ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

[object Object],[object Object],[object Object],[object Object],[object Object],6 C's of Credit

[object Object],[object Object],[object Object],6 C's of Credit

[object Object],[object Object],[object Object],[object Object],6 C's of Credit

4. Collateral Something of value that the lender can claim if the debt is not repaid . 6 C's of Credit A car can be use as collateral A person with a good credit rating can co-sign with you. A home if you own it.

[object Object],[object Object],6 C's of Credit

6. Coverage The bank will want to know what kind of insurance coverage the entrepreneur has. 6 C's of Credit

Factors to Consider When Choosing a Financial Plan Risk Control Availability

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M5 L3 Loans and Credit

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M5 L3 Loans and Credit