Make an appointment with a loan officer at your bank who handles small businesses. Conduct an interview
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Make an appointment with a loan officer at your bank who handles small businesses. Conduct an interview to find out the following:
- Will the bank lend to small businesses, using receivables for collateral?
- Does the bank ever factor receivables, or act as a collection agent for receivables?
- Present the example of the air conditioning company from this chapter. Ask what help from the bank would be available in such a situation.
Write a report of your findings.
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