Question

PLEASE HELP!!! ASAP!!Which of the following is a reason to approach smaller banks for a business loan? Question 5 options:

Their criteria for approving a loan are much less stringent than those for larger banks.

They emphasize personal relationships and may give more weight to personal attributes.

They have lower fees.

They grant larger loans.

Answer 1

They Emphasize personal relationships and may give more weighted to personal attributes.

Step-by-step explanation

Given the challenges of working with a big bank, many entrepreneurs are taking a different tack. Instead of wooing the big commercial institutions, they are courting community banks, where “relationship banking” is the rule, not the exception. It is easier to get a startup loan from community banks, according to the Independent Community Bankers of America. They can be a little more flexible, don’t have a bureaucracy to deal with, and are more apt to make character loans.

Answer 2

Their criteria for approving a loan are much less stringent than those for larger banks.

Hope this helps! :)