To begin, I would like to return to the definition of a bank loan. The simplest, and most common definition, loan is the amount of money borrowed by the borrower. Well, a profitable loan is either a sum of money borrowed, or property or funds acquired for this amount, begin to work for the borrower and bring him profit.
And before making a decision on a loan, a businessman must determine whether he is profitable or not. Profitable loan must meet certain conditions. Consider these conditions.
A profitable loan should have a clear purpose.
I already wrote, and I want to repeat again. A loan should be taken only when there is a clear plan for its use, there is an idea what effect will be from the investment of credit money. Continue reading