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tire city

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Issue:

Business

 

Written by:

Peter K

 

Date added:

October 3, 2015

 

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Grade:

A

 

No of pages / words:

3 / 561

 

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Essay content:

Short-term loans a. Generally called lines of credit or revolving credit (revolvers) b. Used to finance seasonal or short-term needs c. Generally not supported with a loan agreement d. Bank has the option to withdraw a line of credit e. Is self-liquidating by season or year f. Revolvers can extend beyond one year; not restricted to particular seasonal needs; most popularly convert to a term loan after some period of time 4...
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Revolvers can extend beyond one year; not restricted to particular seasonal needs; most popularly convert to a term loan after some period of time 4. The three "C"'s of lending are: a. Credit worthiness- this is a quantitative determination made by the bank utilizing historical financial ratios to ascertain the company's financial capabilities, control, forecasting, etc...
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