Role play Getting a Bank Loan

Student A. You want to borrow £25,000 to start a small business. Decide what the business is:

• A hotel?

• A factory?

• Import/export?

Prepare to explain to the bank manager:

• your business experience

• your experience in the business you want to start

• the preparation you’ve already done

• what the competition is

• how much capital you already have

• what exactly you want to do with the loan

• how soon you can pay it back

Student B. You are a bank manager. Student A is going to ask you for a loan of £25,000 to start a small business.

Prepare the questions you want to ask him/her about:

• business experience

• what preparation has been done

• the competitors

• the capital he/she already has

• why he/she wants the loan

• the problems involved

How soon do you want the loan repaid?

Can you decide whether to give the loan at the end of the interview or do you need more time?

Discussion

Discuss with the class your attitude towards spending money. Give reasons for your choice.

1. Assume all these things cost the same which one would you rather have:

1. a fantastic week’s holiday;

2. a nice present to give someone;

3. that much in the bank?

2. If you see something you had not thought of buying, but you suddenly decide it’s just what you want and the money in your pocket is just enough, do you:

1. buy it on the spot;

2. see if you can manage without;

3. go home and think about it?

3. If a new model of something (e.g. bike, watch) comes out just after you have bought one, do you:

1. self it and buy the new one;

2. still enjoy the one you have;

3. plan to buy the new one in a year or two?

4. If you won a great sum of money, for example, in the lottery, would you continue working? If not do you think you would lose anything by giving up work?

Agree or disagree with the given statements.

1. Time is money (B. Franklin). 2. “Savings is a very fine thing. Especially when your parents have done it for you” (Sir Winston Churchill (1847– 1965)). 3. Money is the guarantee of security. 4. Every man has his price. 5. Money put in a bank is as safe as anything in this world can be. 6. Money opens all doors. 7. Money makes money.

Jokes Money is the root of all evil and a man needs roots!

If a man runs after man, he’s money-mad; if he keeps it, he’s a capitalist; if he spends it, he’s a playboy; if he doesn’t get it, he’s a ne’er-do-well; if he doesn’t try to get it, he lacks ambition. If he gets it without working for it, he’s a parasite; and if he accumulates it after a lifetime of hard work, people call him a fool who never got anything out of life.

Vocabulary

account, n – счет

borrower, n – заемщик, получатель ссуды

cheque book, n – чековая книжка

circulate, v – распространять, передавать, циркулировать

coin, n – монета

commodity, n – товар (сырьевой)

constant store, n – постоянный запас ценностей

current account – общий счет

deposit account – депозитный счет

depositor, n – депозитор, депонент, вкладчик

holder, n – владелец, предъявитель, обладатель, держатель

in terms – с точки зрения, в смысле, что касается

insurance, n – страхование, страховка

interest rate, n – процентная ставка

intermediary, n – посредник

invest, v – помещать, вкладывать, инвестировать

issue, v – выпускать, издавать, выходить

loan, n – заем, ссуда

overdraw (overdrew, overdrawn), v – превышать кредит

quote, v – назначать цену

saving book – сберегательная книжка

security, n – pl. ценные бумаги

stagnant, adj – застойный, инертный, вялый

store, n – запас

tender, n – предложение

term, n – период, элемент, pl. – условия

transaction, n – сделка