The bank may ask to meet with you before they can decide whether to issue your loan. This is a common practice for larger loans, with longer maturities (the ‘time horizon’ of the loan). Prepare yourself...
Small and Medium Enterprises (SMEs) contribute significantly to jobs and output creation, and are engines of economic growth worldwide. However, many studies have found that SMEs find it difficult to obtain...
Banks need reliable, transparent financial information when making credit decisions. A financial advisor or accountant can advise you on when it could be advantageous to seek out a bank, and help you calculate...
SMEs often go to their bank for a loan when it’s too late. Banks reported that many SMEs wait until they face a severe cash constraint before they come to the bank to request a loan. The company’s cash...
While each bank has different approaches and procedures when it comes to issuing loans, there are some practices that are common to most banks. The World Bank conducted a survey of commercial banks in...