How to get a 'yes' from your banker

Article Abstract:

Improperly valued collateral, unexcused unprofitability, and the owners' unwillingness to accept personal liability are three of the most common reasons why banks refuse a business loan application. Applications that fail to document a purpose for the loan also tend yield adverse results.

Methods, Commercial loans, Bank loans

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When a customer goes bankrupt

Article Abstract:

Small businesses should be wary of signs that a customer is have financial problems. Securing claims helps to prevent losses in a bankruptcy, and filing a notice of claim is important. Business owners should get on a mailing list of creditors to keep apprised of a bankruptcy case.

Credit Collection Techniques, Collection (Accounting), Bankruptcy

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