If a Potential Lender Says "No," What Are Some Actions

question 33

Essay

If a potential lender says "no," what are some actions that a small business manager should take?

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Definitions:

Economic Responsibility

The obligation of an individual, organization, or government to optimize the economic impact of its decisions on stakeholders and society at large.

Creditors

Individuals or entities to whom money is owed by a debtor or borrower.

Social Responsibility Pyramid

A framework used to depict how a business should prioritize its responsibilities, from basic economic functions to ethical duties.

Philanthropic Responsibility

The duty of businesses and organizations to contribute to the welfare of society through charitable donations, community service, and ethical practices.