Everything an entrepreneur needs to finance a business! Every day, thousands of businesses open their doors for the first time . . . and every day these entrepreneurs must find creative ways to raise money. In Financing the Small Business, bank professional Robert Sisson shows business owners how to get the bank to open its vault. From approaching the right person at the bank to properly filling out applications, this is the one book business people must have to get lightning-fast cash flow. Includes such information and insights as: -- How to understand and prepare for the dynamics of the loan process -- What banks look for in loan ventures -- Choosing the loan that best suits your business -- The six Cs of commercial lending -- How to target the right bank for any kind of business -- Looking beyond the bank for capitalRevocable letters of credit may be canceled at any time by the bank; irrevocable letters of credit cannot be canceled by ... See Figure 4-1 for an example of a letter of credit. ... Letters of reference are also not to be confused with letters of credit.
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