Make an appointment with a loan officer at your bank who handles small businesses. Conduct an interview

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Make an appointment with a loan officer at your bank who handles small businesses. Conduct an interview to find out the following:

  1. Will the bank lend to small businesses, using receivables for collateral?
  2. Does the bank ever factor receivables, or act as a collection agent for receivables?
  3. Present the example of the air conditioning company from this chapter. Ask what help from the bank would be available in such a situation.

Write a report of your findings.

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Related Book For  answer-question

Entrepreneurial Small Business

ISBN: 978-1259573798

5th edition

Authors: Jerome Katz, Richard Green

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