BUSINESS LOAN ELIGIBILITY CALCULATION

Banks have their own loan vetting philosophies based on credit scores, dunnng people, word of mouth, etc. But usually text books teach different things about funding SME through Tandon committee method, cash budget method, turnover method, single window schemes etc. nothing is guaranteed because banks lend out recklessly for collateral as well. So contact two three banks and find out what are the advantages within them. Even company management does the same, no one knows everything. It’s always better to approach a bank.

Absolutely proven to be true. I left off concentrating too much as my mba books and bank loan is different. Whatever, training will be given if anyone works for capital intensive companies