Cc loan 5 lacs

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B.com
3025 Points Posted on 03 April 2021
A person maintained a bakery shop since last 4 years.a person Rs:5 lacs cc loan required from bank.
Question:
how to prepare provisional estimated and projected profit and loss and balance sheet procedure
how much sales turnover and go and np declare estimated and provisional and projected years.
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On 03 April 2021 at 15:10 Report
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Quick Summary
This discussion focuses on securing a £5 lac CC loan for a bakery business. It outlines the need to prepare provisional, estimated, and projected profit and loss statements, as well as balance sheets. The advice given is to approach a professional, demonstrate growth potential with increasing turnover and profits, and use previous financial data to create future projections.

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2742 Points Posted on 05 April 2021
Approach directly to professional
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On 05 April 2021 at 08:30
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CMA
13117 Points Posted on 05 April 2021

1) Usually, banks do lend to businesses which has potential to grow. 2) Idea in general is to show an increasing trend w.r.t. turnover and profit 3) Prepare estimation for the current FY awa projections for future years, based on previous year figures.

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On 05 April 2021 at 15:51

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