Compare and contrast loan application in bank and nonbanking institutions by using the Venn Diagram below. see reference below.

What's In www Directions: Compare and contrast loan application in bank and nonbanking institutions by using the Venn Diagram below. List at least 3 functions that they may be similar or different. Write your answers on a separate sheet of paper. Similar Functions Bank 1. 1. 2. 2. 3. 3. Nonbanking Institutions 1. 2. 3. Notes to the Teacher/Facilitator A business should always be cautious in choosing a lending company that it transacts with. Most of the time, people do not engage at loan applications in banks due to the weight of requirements. However, for a businessman who values his business like a family, avoiding requirements does not make him/her wiser in finances. These are the people who usually fall for loan sharks then end up burdened and left with nothing.