In Shivani Siroya's 2016 TedTalk video, A smart loan for people with no credit history (yet), she
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Question:
In Shivani Siroya's 2016 TedTalk video, "A smart loan for people with no credit history (yet)", she describes an alternate method for evaluating whether to extend a loan to a small business owner. In your initial response, include the following:
- Describe at least three of the social behaviors incorporated in the evaluation.
- Discuss the pros and cons of implementing this type of alternative analysis for Long Beach first-time business owners. Incorporate information from the Forbes article. I want to hear everyone's opinions about the good and the bad consequences.
- Use the Return on Total Assets and the following assumptions to calculate Jennifer's profitability 2 years after receiving her initial loan (hint: you will need to create a Pro-forma income statement).
- Cost of each stall - $2,000 each (assume these are the average total assets)
- Average daily revenue - $200 (assume a 365-day year)
- Average monthly expenses - $1,500
- Average monthly interest expense - $30
Related Book For
Finite Mathematics and Its Applications
ISBN: 978-0134768632
12th edition
Authors: Larry J. Goldstein, David I. Schneider, Martha J. Siegel, Steven Hair
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