Use to convince the bank to lend the money

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Reference no: EM132196339

Your brother wants to get a small loan to finance the purchase of a large batch of lemons and hire some new employees. He visits several banks, but the loan officers all laugh and say there is no way a bank will give a loan to an 18-year-old with a lemonade stand. Your brother presents detailed financial statements showing that his company has very good financial prospects, but still no bank will loan to him. You personally do not want to lend him your own money, because you want him to learn to survive in business on his own. What other measures could you or your brother use to convince the bank to lend the money?

Reference no: EM132196339

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