{"id":2117,"date":"2016-04-17T15:32:48","date_gmt":"2016-04-17T14:32:48","guid":{"rendered":"http:\/\/melyakub.com\/?p=2117"},"modified":"2018-06-21T01:50:57","modified_gmt":"2018-06-21T00:50:57","slug":"loan-application-and-management-process-for-the-small-business-owner-part-iii-receiving-your-loan-offer","status":"publish","type":"post","link":"https:\/\/melyakub.com\/?p=2117","title":{"rendered":"LOAN APPLICATION AND MANAGEMENT PROCESS FOR THE SMALL BUSINESS OWNER: Part III – RECEIVING YOUR LOAN OFFER"},"content":{"rendered":"

\"bank-loan\"Part III – RECEIVING YOUR LOAN OFFER<\/span><\/strong><\/p>\n

In reviewing your application, the bank will generally consider several factors. Popular among the factors are the so-called 5 Cs of credit<\/strong>. These are Character, Capacity, Collateral, Capital and Conditions. In addition, most lending institutions have other internal and regulatory considerations<\/strong> to make. <\/span><\/p>\n

Having first discussed with your aaccount officer however, we can assume that you have met at least a few of their conditions. The others, they can only consider upon submission of your application. In dealing with lenders, another reality also is that, from initial discussions to your submitting your documents, most of them know if they are amenable to granting you the facility or not. So do not let them waste your time. Make it clear you need a decision one way or the other in good time. Government interventionist agencies are the ones that generally take longer to make a decisions. In recent past however, they have also really improved upon their response time.\u00a0<\/span><\/p>\n