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Essay's paper info
| Topic: |
Business
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| Number of pages / Number of words: |
3 / 568 |
Essay's paper body
The net income for this company has been constant;
$31k in 1988, $34k in 1989, $44k in 1990, and an estimated $49k in 1991. Net income of this size should not warrant extending a line
of credit to this company. As the banker, I would not grant a LOC or any other type of loan this size. 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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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...
Essay fragment
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