The Process of Obtaining Capital From Financial Institutions

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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.

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