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How to Succeed at Bank Financing

How to Succeed at Bank Financing When there's a good match between the funds you need and the assets you have available for security, debt financing offers an attractive source of capital. Compared with a stock issue, bank borrowing has lower transactional costs, provides tax deductions for interest, and does not dilute your ownership. Yet there is a down side. With these benefits comes the high cost of restrictive covenants and of protecting the bank's collateral. http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png Journal of Business Strategy Emerald Publishing

How to Succeed at Bank Financing

Taylor, Lon
Journal of Business Strategy , Volume 10 (2): 4 – Feb 1, 1989
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Publisher
Emerald Publishing
Copyright
Copyright © Emerald Group Publishing Limited
ISSN
0275-6668
DOI
10.1108/eb039299
Publisher site
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Abstract

When there's a good match between the funds you need and the assets you have available for security, debt financing offers an attractive source of capital. Compared with a stock issue, bank borrowing has lower transactional costs, provides tax deductions for interest, and does not dilute your ownership. Yet there is a down side. With these benefits comes the high cost of restrictive covenants and of protecting the bank's collateral.

Journal

Journal of Business Strategy – Emerald Publishing

Published: Feb 1, 1989

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