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| Topic: |
Business
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| Number of pages / Number of words: |
2 / 517 |
Essay's paper body
I would consider granting this
company a smaller LOC with the similar stipulations of maintaining an appropriate working capital amount, fixed asset purchases
would need bank approval and that Butler would put up personal property and his insurance policy as collateral for the loans that the
business takes...
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from Suburban National was $250,000 in which his property would be
used to secure the loan. Northrop National Bank offered BLC a line of
credit of up to $465,000. BLC would have to sever ties with Suburban
National if they were to have this LOC extended to them.
As Mr. Butlers financial advisor, I would advise him to take the loan in an
attempt to grow the business...
Essay fragment
General points of the essay
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