Budgeting your expenditures

Description

Tips for getting small business loan

Submitted by daliscarlod4 on Tue, 01/05/2010 - 13:14

• Explain a reasonable cause for loan.
• The amount of loan required, and the repayment term of the small business loan you want.
• Describe of how you will repay the amount you lent.
• Details of security you will be able to offer to the lender
• Include your business plan with the application that describes management skill, market information.
• Include last few years financial statement.
• Include current account status
• Your existing debtors and creditors

Budget Building Blocks

Submitted by FreedomDM on Tue, 12/15/2009 - 22:42

Every financial plan starts with a solid budget. It doesnt matter if you live check to check or make six figures, you need to know where youre money is going in order to maintain your financial health positively. People hear budget and see hand cuffs and restraints but in fact a budget can provide real financial freedom and even reduce stress. Knowing how much money you have and where it goes can easily be achieved with establishing a budget and sticking to it.

Precedence to loans to priority sector

Submitted by shann on Wed, 11/11/2009 - 05:24

One of the objective in initiating social control over banks and the subsequent nationalization of the major commercial banks was to force these banks to reorient their lending policies so that credit will flow freely to certain sectors of the economy in accordance with the national planning priorities. The description of the priority sector was formulated on the basis of the reports submitted by the informed study group related to the particular priority sector.