Finance

After gathering the business capital of the partners, personal savings and loans from family members, capital raised was the lack of RM 15 000. We decided to make business loans to financial institutes involved.
Choosing the right bank and had to negotiate with a bank consultant that his name is Mohamad Farook. We want make a loan to start a new business. A loan of 40 thousand is needed to start a new business to purchase raw materials, building rental, cost and other needs. An appointment was set for negotiate about finance for new businesses of the cake shop business, which provides services as a package. Through discussions and negotiations which he conducted to explain the products and services available to customers who want to make business loans of working capital loans, loans, investments, corporate finance, bank guarantees, treasury management, merchant banking and trade finance. He offers working capital loans and investment credit for new business will be conducted. Working capital loans to help businesses in the launching of a permanent working capital, working capital credit transaction and press accounts, debt financing, dealer financing and financing provider. Investment credit to support the purchase of building activity, location, equipment, technology or project financing.
After a consultation to determine your desired loan amount in accordance with our financial records, the amount requested by us were agreed that a total of RM15 000. Our next target is to negotiate on the interest rate offered by the interest rate we want. Mr. Mohamad Farook said that the average interest will be charged is 4.2% for payment within 7 years set by the bank. Therefore, we have negotiated with him to cut interest rates if we want a period of less than the offer of 4 years. Through negotiations conducted Mr. Mohamad Farook has cut interest rates to 3.7% according to the minimum level of benefits that can be given. Thus, we have made an agreement to sign a loan... [continues]

Read full essay