Using the Dry Supply case study for an example of loan documentation process and related requirements, suppose
Using the Dry Supply case study for an example of loan documentation process and related requirements, suppose that Dry Supply and the bank agreed to the following terms: · Borrower: Dry Supply Inc. · Amount $60,000 · Purpose: purchase 3 vans · Rate: 6% · Term: 5 years · Repayment: 5 year amortization · Guarantee: Kaitlyn and Emily Nielson · Other conditions: No mergers or acquisitions without bank consent, debt-to-worth ratio will not […]