The Process of Obtaining Capital From Financial Institutions

The Process of Obtaining Capital From Financial Institutions (bank)

 

1.    Capital – is the money or asset e.g. Land, house, vehicle, etc. than can be as a form of security when taking out a loan.

 

2.    Credit history – information needed by the bank to show recent loans from other institutions. ( whether they were paid or neglected ).

 

3.    Budget – is the plan of your business (how much do you have to spend).

 

4.    Employment Status – some form of document stating that you are employed.

 

5.    Project proposal – a general rundown on the project on the business you are going to establish.