Business Funding Secrets - Due Diligence
Submitted On 2007-05-17
Do you know what to expect from the due diligence process? Do you know how to conduct a due diligence investigation? Why does due diligence need to be performed and why does the Client pay fees for the due diligence?
Business loans are usually funded by either banks that are regulated by the federal government, commercial funding companies who are held responsible by their shareholders, or sophisticated investors who obtained wealth by being financially knowledgeable. These sources of funding are not uneducated people with extra cash and no common sense. They are not going to write checks haphazardly. They do their best to keep from funding bad deals. Therefore, they have to take steps to confirm the accuracy of the Clients information.
The more technical, or unique, the business is, the more due diligence will be required to prove the soundness of a funding decision. Detailed business plans assist the process by providing a prospective lender clear and concise detail that can be easily verified. Businesses with vague business plans wont get funded.
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Business, Finance, Finance Consultant
Business Finance, Finance Consultant, Due Diligence
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