As the new Loan Officer for a local bank, you supervisor has asked you to partic

Question

As the new Loan Officer for a local bank, you supervisor has asked you to participate in a group discussion with Loan Officers from other branches on the most important considerations when reviewing a business plan from local entrepreneurs seeking funding for their start up. Your supervisor has expressed that the bank wants to be a key contributor in the Mayor's new community development plan; as long as the support will be profitable to the bank.

Provide your thoughts along with your rationale for your position and recommendations in the development of a revised loan application process. Be sure to support your recommendations so your colleagues can understand both your reasoning and the source for your position.

Note, one way to respond to this question is through bulleted or itemized recommendations; where each recommendation is supported by a reference.

Explanation / Answer

to offer a loan first we need to know the complete profile of the client; for what purpose he is seeking loan, does he have any loans previously, if he is having the complete details, the security providing for the loan, the nature of the asset, what is his business proposal, how long he takes to complete the payment, the guaranteers and their completel profile, all legal obligations and instructions to the loan, all these factors should be study and analyse completely before we offer a loan to the customer.

Related Questions

Navigate

• Browse (All)
• Browse A
• Subjects

Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.