Explain one piece ofinformation a bank manager needs before granting additional loan capital to a business.
Question
Solution 1
A bank manager needs to know the creditworthiness of the business before granting additional loan capital. This involves several steps:
- Review of Credit History: The bank manager will first look at the business's credit history. This includes any previous loans the business has taken out and how Knowee AI StudyGPT is a powerful AI-powered study tool designed to help you to solve study prob
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