When a Lender Includes Conditions in a Loan Agreement to Protect

question 28

Multiple Choice

When a lender includes conditions in a loan agreement to protect its loan,these are known as:

• A) loan agreements.
• B) loan covenants.
• C) loan terms.
• D) loan actions.

Understand the role of a feasibility study in the business planning process.

Identify the importance of market analysis and competitive analysis in a business plan.

Recognize the significance of conveying business weaknesses and strategies to overcome them.

Differentiate between the Business Model Canvas and more traditional business planning documents.