Ebenezer is the CEO of a successful small business and would like to double the size of their current loan with First National Bank. He appr

Question

Ebenezer is the CEO of a successful small business and would like to double the size of their current loan with First National Bank. He approaches the bank manager at First National Bank with the following facts; the business has proven to be successful in the past, the last three years have shown increases in sales and earnings, our business already has an existing loan of $500,000 with the bank. Which of the following should not be a consideration of the bank manager approving the loan?

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Valentina 1 week 2021-10-05T04:53:59+00:00 1 Answer 0

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    2021-10-05T04:55:25+00:00

    Answer:

    The correct answer to the following question will be “Ebenezer agrees to grant an additional $1,000 to either the bank or branch manager whether she accepts the loan application“.

    Step-by-step explanation:

    • It’s illegal unlawful bid bank manager payoff if she approved the loans. The acceptance of loans will be regarding the company’s financial reports as well as growth opportunities. Situations like income rise, financial success is essential throughout the past.
    • The previous history with either the branch is also relevant as it demonstrates how well the company acted before and how the latter’s performance in debt service throughout history has always been.

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