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  • Seminar Assignment

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    Rizzaniel Balagot
    6 views2 pages
    The document summarizes the details of QLD Lending Corporation, including its capitalization of Php 1,000,000.00 and 3 directors. It outlines a loan offering of Php 10,000 over 2 months with 6% interest, requiring collateral like a promissory note and valid ID from borrowers. The sources of income for lending companies are listed as rental income and remittances from abroad. An organizational chart is given with Regina Foody as President, and the application process is described as submitting documents, forms, and getting approval within 1-3 working days to release funds.

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    The document summarizes the details of QLD Lending Corporation, including its capitalization of Php 1,000,000.00 and 3 directors. It outlines a loan offering of Php 10,000 over 2 months with 6% interest, requiring collateral like a promissory note and valid ID from borrowers. The sources of income for lending companies are listed as rental income and remittances from abroad. An organizational chart is given with Regina Foody as President, and the application process is described as submitting documents, forms, and getting approval within 1-3 working days to release funds.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    6 views2 pages

    Seminar Assignment

    Uploaded by

    Rizzaniel Balagot
    The document summarizes the details of QLD Lending Corporation, including its capitalization of Php 1,000,000.00 and 3 directors. It outlines a loan offering of Php 10,000 over 2 months with 6% interest, requiring collateral like a promissory note and valid ID from borrowers. The sources of income for lending companies are listed as rental income and remittances from abroad. An organizational chart is given with Regina Foody as President, and the application process is described as submitting documents, forms, and getting approval within 1-3 working days to release funds.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    of 2

    Items Details

    Name of Lending Business QLD Lending Corporation


    Number of Directors 3
    Capitalization Php 1,000,000.00

    Amount Terms of Collateral Manner of Borrowers Type of Requirements Type of Interest Interest
    Payment Payment Payment Rate
    1. 10,000 2 months Signature of Monthly Employee Cash -ATM card Add-on Interest 6%
    borrower on the -Promissory Note
    promissory note -Statement of Account
    with their signature
    -Valid ID

    Enumerate the source of income of a lending company:

    1. Rental Income
    2. Remittance from Abroad

    Create the structure of the following:

    1. Operations Management with position (diagram)

    Regina Foody
    President

    Barry Balagot Rizzaniel Balagot Rizzaniel Balagot


    Treasurer Secretary Clerk
    2. Payment structure
     Cash
     Cheques

    3. Show your application procedure and days to process


     Submission of Required Documents (ATM, ID, Salary Slip)
     Completion of loan application form, promissory note and information sheet
     Approval (1-3 working days)
     Release of Money

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