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Topic: Business
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...


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