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Find out what it takes to qualify for a loan

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Suppose you are going to start your own small business and need a loan of $50,000. Assume that you do not have any assets to pledge as collateral, but you have orders in hand.

Select a financial institution and find out what it takes to qualify for a loan. Try to understand the rationale for the institution's rules, policies, and guidelines about loan approval.

Assess your chances of getting a loan for your proposed business.

Present your findings as a 1-page report in a Word document formatted in APA style.

Reference no: EM13280435

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