Hello.. Well I am Doing Business and Now it doesnt have much bigger Sale. And In Near Future I will Be Required Loan Of amount Aroun 50 lakhs so Can you Please guide me How much Balance Sheet Should be Or What re the Factors in Pl and Balance Sheet Banks Look at to Provide Loan,,,
2 Replies
CA PARTH SHAH
(In Practice)
(1951 Points)
Replied 12 April 2020
Finance can be obtained from the bank based on the profitability of the business, collateral available with the proprietor and other conditions of the bank. Higher the profits, more the eligibility for the loan. .
Suman
(CMA)
(195 Points)
Replied 13 April 2020
There are many things the banks consider when granting you a loan. Enhancing many of your liquidity, activity, finance ratios would help. Your ability to earn more revenues and credit scores/ratings also play an important role. The main intention of a financial institution granting a loan is to get back timely return (in terms of interest) on the principle they've lent out. Anything you do that increases the institution's confidence that your ability to pay back the loan and interest is brilliant will help you attain/raise a loan in the future.
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