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Business
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| Number of pages / Number of words: |
3 / 570 |
Essay's paper body
Butler would not need the full $465,000 to get started in expansion right away, but could use more of it if they decide to use railway siding. Sales would increase dramatically (as described above) along with profits. If Butler did take the LOC @ 300,000, @ 10.5% he would be paying 31,500 in interest during the year, which wouldn't be much more than what he's paying on the $247,000 loan and the 7 years left he has with the loan to his brother at 11%...
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If Butler did take the LOC @ 300,000, @ 10.5% he would be paying 31,500 in interest during the year, which wouldn't be much more than what he's paying on the $247,000 loan and the 7 years left he has with the loan to his brother at 11%. Butler should take the loan, pay off some debts, hire salespeople, and consider expanding along the railway...
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