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Word: proifit (lookup in dictionary) (lookup stats)
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...most trouble in getting loans will be experienced by entrepreneurs who head young companies with no record of proifit growth-even if they have promising ideas. Some bankers themselves are concerned that this is an unhealthy trend for a capitalist economy that relies heavily on entrepreneurs to introduce new products and services, but they see no alternatives. One Philadelphia banker adds that even an established local manufacturer with a record of perhaps ten years of profitable operation may have difficulty in borrowing. If such a manufacturer seeks a loan to expand, says the banker, "we will want to make sure...

Author: /time Magazine | Title: BANKING: Digging Out of the Bad Debt Mess | 1/26/1976 | See Source »

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