As a business banker of XYZ Bank involved with business1 applications, having reviewed all of the information presented to me I cannot, in good conscience, recommend Lettera Pty Ltd for a loan.2 In my expert opinion, after having compiled information for the regional credit…
elocate to the new building--which would save the company an amount of more than $9,000 per month on the rental of premises where they operate from at present—at this time it is not recommended that Lettera Pty Ltd be allowed to have a loan. If the company is afforded a loan, it should be loaned the money with special restrictions.
The business for which the loan is being applied is a family printing business. Old Mr Lewis is the director, and he is assisted by the two co-directors of his sons. This business was started five years ago by Mr Lewis, after having a twenty-year stint as a technical supervisor at a competitor printing company.
That being said, his technical4 knowledge with regard to printing is superior. He emphasizes quality, and as such all of the machines used by Lettera must be imported from Germany as per Mr Lewis’s predilection.
Both of Mr Lewis’s sons became involved with the business’s management5 straightaway after they finished with school. It is Mr Lewis’s hope that the company be inherited by hs sons. The older son was involved with the business since its inception whilst his second son has been involved for the past two years.
Actual printing activities are not the business of either of the sons. Rather, they deal with the financial management and general administration ends of the business. In addition, they also take care of marketing6 of Lettera’s services. This division of responsibility does well according to Mr Lewis:
According to balance sheets, the business did not do remarkably well in the past, however the company’s position did improve quite a bit within the past year. This can be attributed to the fact that Lettera is the only printing business in the neighborhood where it does business. This is because a major print franchise which was located nearby closed down.
Mr Lewis sees the local business as the principal source of business for Lettera’s services. This is seeing as how Lettera has gotten ...
Cite this document
(“Bank Lending (Loan Propsal) Essay Example | Topics and Well Written Essays - 3000 words - 1”, n.d.)
Retrieved from https://studentshare.net/miscellaneous/377776-bank-lending-loan-propsal
(Bank Lending (Loan Propsal) Essay Example | Topics and Well Written Essays - 3000 Words - 1)
“Bank Lending (Loan Propsal) Essay Example | Topics and Well Written Essays - 3000 Words - 1”, n.d. https://studentshare.net/miscellaneous/377776-bank-lending-loan-propsal.
2. Main Body Role of government in higher education – the government continues to play the most important role in education, as compared to banks, since most college students have benefited from the government student loans more than bank loans. Comparison of conditions and requirements for qualification of federal student loans and bank loans - Federal loans are easily accessible than bank loans.
Businesses are booming and expanding all over the place despite a recession. But, where does all of this economic growth come from And how can we continue to expand the new economic wave without falling into the dark hands of recession By using lines of credit and loans, many businesses are able to get off of the ground running.
As a result, the borrower is forced to pay loans with larger interest rates than is fair. This essay is an evaluation of predatory lending and its influence on the recent mortgage debt crisis.
These lenders mostly target
Over the years however, there have been numerous criticisms of the manner in which development projects have been handled and the results attained (Mcllwaine, 2007, p 2). Some of the criticism as been targeted at the approaches used in the development projects. One highly
The origins of micro-finance is traceable to 1944, as cooperative movements by Germany’s Raiffeisen Society, and in England by Rochdale Pioneers. However, the term “micro-finance” became popular in the 1990s, in
A number of ethical principles and theories therefore govern the role of loans officers in approving loans to customers. One of the applicable ethical principles is the doctrine of beneficence that establishes the need of every member of the