bupbechuayeuai88
20-04-2009, 05:51 AM
a : in other words, you look over the financial situation of the company
b : yes,then,if the company is eligible for a loan , it may choose a short-term loan-say,for a week to 90 days-or a loan for a longer period of time
a : I see
b : the bank also decides what the company csn spend the money for
a : how much interest does the bank change on these loan
b : that can vary.we have what is called the prime rate ,which is the lowest interest rate availble at the
particular time.this is available to preferred customes
a : do you decide on a prime rate?
b : oh,no,this is set by the major lending banks
a : I will have to remember that,oh,these is one thing Ihave heard that I would like to know about,
sometime I hear the term "line of credit " what does it mean?
b : a line of credit is the maximum amount of money that a company can brrow from a bank,It is
the top amount of a customer's credit and it's based on the profits and earnings of a business-that is
on its worth and ability to repay
a : then it's very important to have a good line op credit?
b : yes,we also issue letters of credit,these say that the holder of the letter is entitledto borrrow- up to a certain amount ,or we can issue a letter of credit for someone going to another country where another bank would be involved,then these is the credit reference letter to recommend a company to its suppliers,and well - I could go on all morrning
a : It's very interesting for me
b : don't worry ,we'll continue at another time ,wait until we get to our tax services.
b : yes,then,if the company is eligible for a loan , it may choose a short-term loan-say,for a week to 90 days-or a loan for a longer period of time
a : I see
b : the bank also decides what the company csn spend the money for
a : how much interest does the bank change on these loan
b : that can vary.we have what is called the prime rate ,which is the lowest interest rate availble at the
particular time.this is available to preferred customes
a : do you decide on a prime rate?
b : oh,no,this is set by the major lending banks
a : I will have to remember that,oh,these is one thing Ihave heard that I would like to know about,
sometime I hear the term "line of credit " what does it mean?
b : a line of credit is the maximum amount of money that a company can brrow from a bank,It is
the top amount of a customer's credit and it's based on the profits and earnings of a business-that is
on its worth and ability to repay
a : then it's very important to have a good line op credit?
b : yes,we also issue letters of credit,these say that the holder of the letter is entitledto borrrow- up to a certain amount ,or we can issue a letter of credit for someone going to another country where another bank would be involved,then these is the credit reference letter to recommend a company to its suppliers,and well - I could go on all morrning
a : It's very interesting for me
b : don't worry ,we'll continue at another time ,wait until we get to our tax services.