To improve the chances of being approved for a bank loan,the entrepreneur should prepare a "mini" business plan for the loan committee.

Question

Quizplus · Accepted Answer

A "mini" business plan can give the loan committee an overview of the entrepreneur's business idea, including details about the products or services offered, the target market, financial projections, and repayment plan. This can help the committee make an informed decision about whether to approve the loan.

To Improve the Chances of Being Approved for a Bank