The advisable payment schemes are daily or weekly; for employees and pensioners, though, payments can be scheduled every payday or once a month. Makes sure of the operation of equipment by completing preventive maintenance requirements; calling for repairs.
Penalties: A penalty charge should also be imposed on delinquent borrowers. STEP 9. It was also envisaged that we should beware of huge losses in three situations: due to sharp, sustained increases in interest rates, accounting control fraud, or the collapse of hyper-inflated residential real estate bubbles.
What is the target market? All your employees must have relevant qualification and experience in financial lending as well as small business assessment.
To build a client base, you could partner with the human resources and accounting departments of your target companies. Sales and Marketing strategy We all at Vanguard lenders LLC are very much aware of the threats and strict competition in the micro lending and mortgage business, and we have devised our strategic means to win and suppose them.