Sample on Business Loan in the Economy

Sample on Business Loan in the Economy Business Loan in the Economy Dec 20, 2018 in Economics Impact of Business Loan on the Economy A business loan is described as a form of funding advanced to a business and or a firm either by an individual, bank or even a government to be repaid with an interest after a specified period of time which should be predetermined at the time of loan signing agreement. When loan is being administered by either of the parties, several variables are considered which include the total amount of loan, the interest that the principal will attract, loan merit to qualify the recipient, due date for the loan as well as credit analysis of the recipient. Credit analysis involves the evaluation and examination of a businesss books of account, records and financial statements to determine and assess the credit worthiness of a business for purposes of loan qualification (Suite101.com, n pg).