tire city
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Title: tire city

Essay Details:

Subject: Business
Author: Savannah C
Date: December 18, 2013
Level: University
Grade: A
Length: 2 / 561

Essay text:

Short-term loans a. Generally called lines of credit or revolving credit (revolvers) b. Used to finance seasonal or short-term needs c. Generally not supported with a loan agreement d. Bank has the option to withdraw a line of credit e. Is self-liquidating by season or year f. Revolvers can extend beyond one year; not restricted to particular seasonal needs; most popularly convert to a term loan after some period of time 4. The three "C"'s of lending are: a. Credit worthiness- this is a quantitative determination made by the bank utilizing historical financial ratios to ascertain the company's financial capabilities, control, forecasting, etc...

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