What I Can DoYou wanted to put up a business and planning to apply for a loan for your startingcapital. The lending company where you inquire offers Flexi Loan for newentrepreneurs but the type of interest to be used is compound interest. Flexi Loanis a program wherein the new entrepreneur will propose the term of loan andpayment subject for the approval of the management. Suppose you are a newentrepreneur, make a proposal for your loan using a compound interestenvironmentLOAN PROPOSALName:Business to put up:Brief Description of Business:Fource of Funds:mount of Loan:ominal rate:equency of Conversion:me in years:mpound Interest:rics for Scoring
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Learn how banks assess you. Know the factors to creditworthiness.
Decide what type of loan or long-term financing you need. Not all loans are the same.
Decide on the lender. Each bank will bring different benefits to your loan.
Determine your chances of getting approved. Know how likely a loan approval is before you apply.
Gather your documentation. Know what paperwork and records will help prove your case.
Fill out the application. Whether on paper or online, this is how you finish the process.Step-by-step explanation:
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