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Components required to start-up a company's loan package

Imagine you are a loan officer presented with a loan package from a start-up company and one from a well-established company. What specific components would you require in the start-up company's loan package to approve the requested loan? How do your lending requirements for the start-up company differ from those for the established company applying for a loan?

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There is always a greater amount of risk in extending credit to a start up company because the business owners are oftentimes first time business owners and don't have as much experience as a bank would like to see in a business owner. If the owner has previously owned a business, it often is the first business that the owner has owned in that particular industry. To approve the requested loan as a start up company, a bank would ...