enterprenuership

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Pre-written Papers:

Title: enterprenuership

Essay Details:

Subject: Miscellaneous

Author: Susan S

Date: July 14, 2013

Level: University

Grade: A

Length: 2 / 392

Essay text:

It is important to be prepared for a meeting with lenders. To be prepared borrowers should have a business plan, financial statements for a significant period of time, and a credit history prepared. A pro-forma statement will give an estimate of the businesses worth in the future. (Pritchard, 2008) It definitely can be difficult to finance a new business. This is because of all the different risks involved with starting a new business. Many company’s do not find success, which is a loss to the bank when the business cannot repay its loan. If a business is very new, and has little credit history a bank will look to the owner’s personal credit history for more information...

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