Accounts and incometax
This query is : Resolved
28 December 2017
Dear Sir
My friend is doing business of tent house. He want to take loan from bank for expansion of business for Rs 500,000/- . He doesnot have closing stock . He have only fixed asset of bamboo , clothes etc.
I want to know on what basis bank will sanction loan .Kindly advise.
My friend is doing business of tent house. He want to take loan from bank for expansion of business for Rs 500,000/- . He doesnot have closing stock . He have only fixed asset of bamboo , clothes etc.
I want to know on what basis bank will sanction loan .Kindly advise.
29 December 2017
he want to buy new attractive cloths & utensils and fresh bamboos. bank will consider debtors also.
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