CREDIT AND BANKING: WHAT EVERY SMALL ENTREPRENEUR (AND BANKER) MUST KNOW 01 Edition

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Lack of working capital is the most frequently expressed reason for the failure of small businesses. According to K C Nanda, it is a misconception to regard this as being due to mismanagement or inexperience. According to him, the real reason is the attitude of banks towards small entrepreneurs. In this book, K C Nanda provides a critique of the prevailing banking system, pointing out its shortcomings as also identifying the real constraints that come in the way of small industry borrowers. At the same time, he provides practical and relevant information which entrepreneurs should know while dealing with banks. The topics covered include: reducing the need for funds; banking costs and interest rates; precautions to be taken by borrowers with regard tosecurities and personal guarantees; issues of compromise, merger and amalgamation; and dispute resolution.