TUGAS TUTON 1 BAHASA INGGRIS NIAGA

NAMA : FADILLA DINNY F.N

1. You have a property business. Sometimes you need to borrow a large amount of
money to run your business. What kind of bank is suitable for your business? Please
explain your reasons!
Answer :
Choosing the right bank for your business is an important decision and should be
based on your business needs, including the amount of loan you need, interest rates
offered, banking services, customer support, and many other factors.
Previously, there were several ways to choose the right bank for the property
business:
- Research first
Before choosing a bank for your real estate business, do some research to compare
the requirements and services offered by the various banks. Make sure you choose
a bank that offers competitive interest rates and requirements that match the
needs of your property business.
- Choose an experienced bank to lend to the property business.
Experienced banks providing loans to property can provide appropriate advice and
support for your property business activities.
- Choose a bank that has a complete banking service.
Choose a bank that offers complete banking services, such as digital banking,
corporate banking and investment banking. Comprehensive banking can help you
manage real estate business finances more effectively.
- Choose a bank that has a good reputation
A bank with a good reputation can give confidence and a sense of security to your
property business.
- Choose a bank that has a credit program that fits your real estate business needs
Be sure to choose a credit programme that has competitive interest rates and
requirements that fit your property business needs.
Here are some types of banks that are suitable for business:
- Commercial banks.
Commercial banks are the most common type of bank used for business loans. The
bank offers various kinds of loans, such as labour capital loan, investment credit,
and housing credit. They have an extensive network of branches and ATMs,
advanced banking technology as well as many additional services such as e-
banking and financial management. The advantage of using commercial banks is
that they have extensive experience in business loans and can offer competitive
interest rates.
- Regional or local banks
Regional or local banks typically provide more personal services and focus on local
business needs. They can provide a more personalized level of customer service
and better understand local markets.
- Development Bank.
Development banks are the kind of banks established by the government to
finance development projects. These banks offer loans at a lower interest rate
than commercial banks. However, development banks usually only provide loans
for specific construction projects.
- Credit cooperation.
Credit cooperatives are a kind of bank owned by its members. Credit unions offer
loans at lower interest rates than commercial and development banks. However,
credit unions usually only lend to their members. They often focus on local areas
and can offer loans that are tailored to the needs of small.

In addition, there are several reasons to consider when making a business loan:
- Starting a business.
If you want to start a new business, you may need capital to buy inventory, pay
rent, and hire employees. Business loans can help you start a business with
sufficient capital.
- Business expansion.
Business loans can help you grow your business by buying new inventories,
opening new branches, or hiring more employees.
- Purchasing equipment.
If your business needs new equipment, such as machines or vehicles, you may
need capital to get that money back. Business loans can help you buy new
equipment without spending money.
- Payment of debt.
If your business has debts to pay, you may need capital to pay those debts.
Business loans can help you pay off your debts and reduce the financial burden on
your business.
 When choosing the right type of bank for your business, remember to consider
interest rates and other requirements before deciding to apply for a business loan.
It is important to do a thorough research, compare interest rates, costs, terms and
services offered by different banks before making a decision. In addition, consult with
a financial professional or business advisor to help you understand the best choice
based on your business needs.

Reference :
https://id.quora.com/Bank-apa-yang-paling-cocok-untuk-bisnis-properti
https://www.finansialku.com/pebisnis-properti-meminjam-ke-bank/