Bank Loan Application Process
Bank Loan Application Process
Intensive, Clear, Effective – Take Your Business To the Next Level!
Sometimes we need a boost forward, a powerful partner to assist us, a business POWER session.
BLC Bank’s Business Power Sessions are intense, information rich, walk-on-fire brain-charge business networking breakfasts designed to help you break free, dig deep and make an amazing progress in record time.
Each session covers a topic. Check out our upcoming sessions at www.lebanon.smetoolkit.org and choose the most relevant business topics to your needs
Our next session is entitled “Bank Loan Application Process", hereunder the outline:
Outlines:
- Intro: Benefits of financing your business through a bank
- How to choose your financing program depending on your sector and business needs
- how to prepare a business file to apply for a loan?
- Legal papers
- Business plan
- Feasibility study
- Other required documents
- Bank Loan Study Process:
- Study duration and process
- First feedback and the need for additional documents or guarantees
- Reasons behind requesting additional guarantees : Collateral or Co-Borrower or Guarantor (differences between both)
- Rejection reasons
- Contract conditions
About the Speaker:
Benoit Eid joined BLC Bank in 2005 and has over 15 years of banking experience both in Lebanon and Canada. In 2004, he led several projects including schemes funded by the EU and USAID. In addition, he has extensive entrepreneurial experience being owner operator of a company in Toronto Canada. He is currently the head of Small Business in BLC Bank.