Entrepreneurs should artificially inflate the amount of a loan request and expect the loan officer to "talk them down."

Question

Quizplus · Accepted Answer

Entrepreneurs should be honest about the amount of a loan request and provide accurate and realistic figures. Inflating loan requests can lead to mistrust and damage the entrepreneur's credibility with loan officers. It is important to provide accurate information and be prepared to discuss and justify the requested amount.

Entrepreneurs Should Artificially Inflate the Amount of a Loan Request