The recently-named supervisor of commercial accounts considers a loan request from whoever owns a recreational motorsport dealership in the sum of $60,000 longterm loan for renovations and the addition of a tattoo parlor. The owner has also requested a $450,000 working capital loan for operations and to help manage seasonal changes in sales. This is an extensive instance in which students appraise qualitative issues affecting the recreational motorsport business during a poor economic climate. Students learn the dangers involved in lending to a company that is seeking credit for sustainability and no bank loan history as well as the fundamentals of commercial lending.
PUBLICATION DATE: February 04, 2011 PRODUCT #: W10542-HCB-ENG
This is just an excerpt. This case is about FINANCE & ACCOUNTING
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