You want to open a personal loan business to benefit low-income people. What are all the steps required to actually open such a business. Make sure you include the following in your What type of educational background is needed?
Is prior experience required? If so, where would you acquire it?
Where would you get your financing? If a loan is needed, how would you prepare for that interview with the creditor?
How would you market your business?
How would you handle your competitors?
What would be your short term and long-term plan and goals?
How would your business benefit society?

Match the terms with their correct definition. terms: 1. accounts receivable 2. other receivables 3 debtor 4. notes receivable 5. maturity date 6. creditor definitions: a. the party to a credit transaction who takes on an obligation/payable. b. the party who receives a receivable and will collect cash in the future. c. a written promise to pay a specified amount of money at a particular future date. d. the date when the note receivable is due. e. a miscellaneous category that includes any other type of receivable where there is a right to receive cash in the future. f. the right to receive cash in the future from customers for goods sold or for services performed.