Bank Lending (Loan Propsal) Essay Example | Topics and Well Written Essays - 3000 words - 1

Bank Lending (Loan Propsal) - Essay Exampleelocate 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 presentat 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 notes with special restrictions.The line of credit 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 historic period ago by Mr Lewis, after having a twenty-year stint as a technical supervisor at a competitor printing company.That being said, his technical4 acquaintance 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 Lewiss predilection.Both of Mr Lewiss sons became obscure with the businesss management5 straight away after they finished with school. It is Mr Lewiss 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 then(prenominal) two years.Actual printing activities are not the business of either of the sons. Rather, they deal with the monetary management and general administration ends of the business. In addition, they also take care of marketing6 of Letteras services. This division of responsibility does well according to Mr LewisAccording to balance sheets, the business did not do remarkably well in the past, however the companys 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 unlikable down.Mr Lewis sees the local business as the principal source of business for Letteras services. Th is is seeing as how Lettera has gotten