It appears that we argon going to have some working capital ineluctably during the next year at Dawson Stores, Inc. I would ilk to find oneself a $1,000,000 bank line of credit, on an unsecured basis, to cover these short-run occupys. Could you set up the line of credit for a year to reviewed when next years statements argon available?
I know from my friends that you need information about the company in order to buckle under this request, so I have brought a copy of the companys statements for the persist four years for you. Could you let me know about the line of credit in a few days? We are having board meeting in two weeks, and I would like to get the appropriate paperwork for you at that time.
In reviewing the reports of previous contacts by bank personnel with Dawson Stores, Inc., Ms. Anderson found the information summarized below:
Dawson Stores, Inc., had been arrest in 1881, The stock had been widely dispersed upon the death of tush Dawson Sr., who had divided his share among his 5 children and 14 grandchildren.
Dawson Stores, Inc., had maintained its fix account with Springfield for many years, even during the years John Dawson Sr. had managed the company. The accounts has varied over the past few years. come balances of the accounts were $350,000 for the past year. The company had occasionally purchased certificates of deposits for short periods.
Dawson Stores, Inc., had not employ bank credit in that last ten years. A recent Dun & Bradstreet (D&B)report request by business cultivation officer reported all trade accounts satisfactory and contained totally satisfactory information. The B&D report showed the officers were John as president and his brother Bill as vice president and...If you want to get a full essay, order it on our website: Orderessay
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