Question

Drag the tiles to the correct boxes to complete the pairs.Match the specifications to the criteria that the bank looks into before providing credit to the business

Answer 1

Explanation:

The banks or financial institutions provide loans to people or companies in order to make them grow in their respective areas of interests. There are many specifications of business credit are given in the question and it is asked to match each specification with the appropriate criteria. So here is the match:

Collateral:

Property or other assets that the borrower offers to the lender as a way of guarantee.  

Character:

The owner's commitment towards the business and his personal resume.

Credit History:

A record of a company's ability to pay debts in the past.

Cash Flows:

Money coming in and going out of the business in an accounting year.