(Answered) 1 discuss the basic loan prerequisites required by a bank

Management Studies

1. Discuss the basic loan prerequisites required by a bank, in terms of collateral, debt service, and loan purpose. What is a bank's primary concern when making a loan?

2. Describe the purpose of an SBA 7(a) business loan-what its advantages and disadvantages are, and how a guarantee is structured?

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Business Management, Management Studies

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