Show:
The Life of a Buisness
Misc. lists
Small Business Line of Credit
Situational
Small Business term loans
100
In this part of the business cycle the company is gaining momentum and experience in the marketplace. They are experiencing large growths in sales and profits. They would need a loan to purchase additional inventory in order to expand
What is Sporatic Growth.
100
These include... *Convenient way to make purchases & pay for expenses *Finance major planned purchases *Assist in payroll needs and cash flows *Refinance Debt
What is the benefits of a Community Loans for the borrowers.
100
The benefits and features of a Small Business Line of Credit. (5 answers)
What are... 1.) Versitle and Felxible Financing 2.) Access by means of Transline for cash advances & balance paydown 3.) Automatic monthly payments form a business checking account 4.) Variable interest rate 5.) Short Term
100
Donald owns a bakery called Tasty Treats. It has been in business for 10 years and quite successful. It is the leading bakery in the community. What stage in the business cycle is Tasty Treats in?
What is Stable Growth
100
These include matching the term of debt with useful title of life of assets. Autodebited monthly payments. Fixed & variable interest rates. No prepayment penality on fixed rate loan.
What are the benefits of a Small Business Term loan.(Long term)
200
In this part of the business life cycle the business has been successful for over 15 years. They have earned a share of the market. They would need loans to finance working capital.
What is the Maturity stage.
200
Business needs.. *Pre-season or project startup costs *Pay accounts until Accounts Recievable are collected *Temporary Build- up of inventory *Changes in supplier credit *New project start
What are reason's why a busines would need to borrow short term. It is called a Small Business Line of Credit.
200
This is the target audience customer for a Small Business Line of Credit.
What is a customer who is experiencing temporary cash flows shortfalls for business expenses. It is a short term loan.
200
Around the World is a new store that has been established for 6 months. It is in need of a loan for start up costs and temporary build up of inventory. It would like to use commerical real estate as collateral. What type of Comerica Loan would you suggest?
What is Small Business Line of Credit- Commerical Real Estate Secured.
200
This is the reason why a customer would choose the small business term loan.
What is the need to finance business needs and want to know the monthly payments and how long it would take to repay the loans.
300
This is in order to help you understand what the needs are for a business customer and how you can help them reach their future goals.
What is learning the stages of the business cycle.
300
*Are there specific events that have affected your business? *Do you have any major expenses on the horizon? *What is the purpose of the loan? *How long do you need to repay the loan? *Do you prefer fixed monthly payments or flexible payments.
What are Qualifying Questions to help you figure out what type of loan a business customer would need.
300
This is the term of a Small Business line of credit.
What is open and subject to review
300
Cowboy Up has been in business for 7 years. It is experiencing short term cash flow due to changes in supplier credit and to pay expenses until Accounts Receivable are collected. It has some equipment, securities and cash to use as collarteral.
What is Small Business Line of Credit- Business Assets Secured
300
$10,000 to $250,000
What is the amount Comerica can loan to a business.
400
This stage is where the business goes from a concept to startup. It is a high risk stage. They will need a loan in order to finance and purchase business assets.
What is the Development stage.
400
*Long term increase in inventory or receivables due to sales growth *Slow-down in receivables *Holding more inventory relative to sales purchasing *Purchasings or improving real estate
What are the long term borrowing causes which is called a Small Business Term Loan.
400
These are the four types of Small Business lines of credit that Comerica offers.
What is 1.) Residential Real Estate Secured 2.) Commerical Real Estate Secured 3.) Marketable Securities or Cash Secured 4.) Business Assets Secured
400
Reilly Corp has been in business for 10 years. It needs assistence with cash flow due to slow down in receivables collection and increase in inventory due to sales growth. It would like to use securities and cash as collateral.
What is Small Business Term Loan- Marketable Securities or Cash Secured.
400
The six different types of Small Business Term Loans Comerica has to offer.
What are...1.) Residential Real Estate secured 2.) Commercial Real Estate Secured 3.)Equipment Secured 4.) Title Vehicle Secured 5.) Marketable Securities or Cash secured 6.) Business Assets Secured
500
In this stage the business has been stable and successful for sometime. They would need a loan in order to expand product offering and to finance R&D, marketing and advertising.
What is Stable Growth.
500
*Really Funny *Really awesome *Intelligent (in the book sort of way) LENGEND...wait for it...DARY!
What is Amanda C. Perkins
500
Julie owns a hair salon. She is in need of a short term loan for additional inventory. Amy has some securities and cash she would like to use as collateral. What is the type of loan Comerica should offer Julie?
What is Small Business Line of Credit- Marketable securities or Cash secured.
500
Balloons and More is looking to expand business operations to purchase additional inventory. It would like to use securiities, cash and equipment as collateral.
What is Small Business Term Loan- Business Assets Secured
500
Robert owns a fun park with batting cages. He is looking for a long term loan to increase inventory due to extreme sales growth. He would like to use his home as collateral. What Comerica loan is best for Robert?
What is Small Business Term Loan-Residential Real Estate Secured.