Do banks require projected financial statements

Assignment Help Management Theories

Reference no: EM131497408

Question: Do Banks Require Projected Financial Statements?

Purpose: The purpose of this exercise is to explore the practical importance and use of projected financial statements in the banking business.

Instructions:

Visit with two local bankers and seek answers to the questions that follow. Record the answers you receive, and report your findings to the class.

• Does your bank require projected financial statements as part of a business loan application?

• How does your bank use projected financial statements when they are part of a business loan application?

• What special advice do you give potential business borrowers in preparing projected financial statements?

Reference no: EM131497408

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