Start to prepare your response for SA4 (Loan Application) assignment that is due by end of Week 6.
Instructions:
Prepare and defend a Loan Application from an Individual or a small business perspectives (preferred).
Complete the following.
Obtain a loan application from a bank or the SBA.
Fill out the application and avoid providing personal identifiable information.
Prepare a defense plan for any weaknesses discovered during the application process. You will need to address a history of bad debts, bankruptcy, a poor credit rating, or a similar issue. As an example, if your chosen small business has a history of serious bad debt, your strategy in tackling customer delinquency through tightened credit policy and reinforced collection will be effective approaches.
Attach the loan application form(s) you filled out in the assignment section.
