Banking module

MATCHING OF LOAN TYPES WITH CUSTOMER REQUIREMENTS Type of loan Need Type of customer Matching good or not? Recommended form of finance Reason why matching is goodot good Yes 6 month bank acceptance of $6 million with overdraft replacing it for another 6 months Large boat Funds needed manufacturing for 6 months company to pay for material to complete the manufacturing of a commercial boat that has to be built on order. Large contract payment will be used to repay loan. Yes Revolving credit Medium size business in a growing marketing environment The business provides credit to its customers and requires additional working capital