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

Bank Lending (Loan Propsal) - establish Exampleelocate to the new building--which would save the conjunction an amount of more than $9,000 per month on the rental of set forth where they operate from at presentat this time it is not recommended that Lettera Pty Ltd be allowed to have a loan. If the federation is afforded a loan, it should be loaned the money with special restrictions.The handicraft for which the loan is being applied is a family impression business. Old Mr Lewis is the director, and he is assisted by the twain 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 challenger printing company.That being said, his technical4 knowledge with regard to printing is superior. He emphasizes quality, and as such all of the machines utilize by Lettera must be imported from Germany as per Mr Lewiss predilection.Both of Mr Lewiss sons became involved with the businesss management5 st raightaway 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 past two years.Actual printing activities are not the business of either of the sons. Rather, they deal with the financial management and full general administration ends of the business. In addition, they also take care of marketing6 of Letteras services. This division of responsibility does well match 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 right which was located nearby closed down.Mr Lewis sees the local business as the principal source of business for Letteras services. This is seein g as how Lettera has gotten