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Raising Finance from Bank

Forums › FIA Forums › Raising Finance from Bank

  • This topic has 1 reply, 2 voices, and was last updated 4 years ago by Ken Garrett.
Viewing 2 posts - 1 through 2 (of 2 total)
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  • April 16, 2021 at 2:30 pm #617873
    maximus07
    Participant
    • Topics: 446
    • Replies: 437
    • ☆☆☆☆

    “The banker checks that the borrower has not asked for less than it really needs. Otherwise the bank may later have to lend more, purely to safeguard the original advance.”
    Why bank needs to see whether customer is lending entire amount or not? Customer may have arranged other required finance from other sources.

    April 16, 2021 at 8:39 pm #617921
    Ken Garrett
    Keymaster
    • Topics: 10
    • Replies: 10607
    • ☆☆☆☆☆

    That would be fine. The bank needs to be convinced that the borrower’s plans are viable either through borrowing enough from one source or from many.

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