richRoam: Purpose of Loan

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Showing posts with label Purpose of Loan. Show all posts
Showing posts with label Purpose of Loan. Show all posts

Tuesday, February 21, 2023

Purpose of the loan

February 21, 2023 0
The credit officer of the bank should discuss and identify the genuine need of the borrower. The period of the loan as to whether it is for working capital, asset purchase, or debt refinancing. The amount required, and the benefit of the fund to the business. The credit officer should understand the business segment in which the loan amount would be deployed...