Credit Authorization Form

What is a loan? Whenever an individual or group of people like a business entity has a lesser amount of funds that what is actually required to meet its objectives and goals, then it may require to take a loan. This excess amount is provided by a resourceful individual or a financial institution and charge some interest rate as a return for the money lent. A loan is often referred to as a credit extended to another party. Some common terminologies include the following: Person or entity that gives the loan is called the creditor Person or entity that receives…