| Five Partners of Every Loan |
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Like any business initiative, a loan transaction depends on the skills and resources of those involved. A successful loan depends on a team of five players:
The business must choose the other partners carefully, and the team should not be assembled solely for the purpose of obtaining a loan; rather, the business should have the expertise of a banker, accountant, attorney, and insurance agent from the day the business is started. Bringing them together for the purpose of obtaining a loan should be a process of tapping existing relationships. The sooner this team is established, the more smoothly the loan process will proceed. |
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| Last Updated ( Tuesday, September 25, 2007 ) |
