If a Lender Says No to a Small Business Loan

question 44

True/False

If a lender says no to a small business loan application, it is acceptable to ask whether the bank can rework the application so that it meets the lending criteria.

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Definitions:

High-low Method

A technique used in managerial accounting to estimate fixed and variable costs associated with production or business operations based on the highest and lowest levels of activity.

Cost Estimation

The process of forecasting the cost of completing a project with a defined scope.

Scattergraph

A graphical method used to display the relationship between two quantitative variables, often used to identify trends or patterns.

Least Squares Regression

A statistical method used to model and analyze the relationship between a dependent variable and one or more independent variables by minimizing the sum of the squares of the differences between the observed and predicted values.