Solution
1. Two primary factors lead lenders to deny loan applications: problems with credit and problems with income.
Your credit history and credit scores are primary factors lenders consider when you submit a loan application. If lenders see any significant negative items on your credit report or other red flags, they may determine that as a borrower, you're too risky to approve at this time.
In the present case it seems FNB denied the loan due to overdue of payment to trade creditor
2. After the payment to trade creditors my advice to FNB would be the reconsider the loan application of Barton company due the increase in the credit score of the company. I would advise to bank to be highly skeptical and check the funds with which the creditors were pais and the reason for not paying them earlier.
3. the actions of financial controller are ethical
Question 3 10 marks Barton Company requested a large loan from First National bank to acquire...
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