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Introducing a Book:
Small Business Commercial LendingAuthor: Malcolm Hodge Kindle Edition M. S. Thirumalai, Ph.D.
Small Business Commercial Lending by Malcolm Hodge is highly recommended to all those who seek employment in banks and plans to have banking as their career. It is a useful book for all the employees of banks, especially for those who may be assigned or are already assigned responsibility for commercial lending. The focus of the book is on small business commercial lending. Small businesses are an essential business sector even in the so-called developed nations with impressive economy and living standards. It is more so in countries like India, where business activity is small business is oriented. Schemes to support self-enterprises for women are becoming very popular in India. Frequent visits to banks for suitable loan by businesspersons are common, and in almost every branch there is a business activity oriented section. Small Business Commercial Lending by Malcolm Hodge has, among other things, focus on the acronyms and commercial lending slang, commonly used by the bank staff. Beginners will have great difficulty in understanding and using the words and phrases that form part of the acronyms and commercial lending slang. Customers will always have difficulty in understanding these terms and their implications as applied to their loan applications, etc. We all will find this book very useful. The author correctly points out that these acronyms and commercial lending slang are “just a different world, and often more confusing world”. M. S. Thirumalai, Ph.D.
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