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BANK LOAN REQUEST FOR SMALL BUSINESS EXECUTIVE SUMMARY ADVENTURE WORKS Design and Construction Inc. is a high-end design and remodeling firm with a reputation for
to pay back this relative, there is no high rate interest to worry about, as there would be with a bank loan. Also, the relative only has to agree to the assistance,
accepted. See: Hyde v Wrench (1840) 3 Beav 334. A counter-offer should be distinguished from a mere request for information. See: Stevenson v McLean (1880) 5 QBD
a loan request to merit a positive decision and I will also discuss two fundamental aspects of loan request evaluation, which are business feasibility and borrower's
management Account management Bill payment and presentment Cash management New account opening Small business loan applications, approvals, or advances Consumer wire
Submitted by irwanhanafy on June 23, 2008
Category: Business
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EXECUTIVE SUMMARY
ADVENTURE WORKS Design and Construction Inc. is a high-end design and remodeling firm with a reputation for integrity, quality craftsmanship, and excellence in management. In three years annual sales have increased to be well over a million dollars.
ADVENTURE WORKS Design and Construction Services was formed by Brian Groth as a Sole Proprietorship in December 1997. In 1998 a combination of activities involving residential design, consulting, and general construction brought Gross Sales of $250,000.
The Company experienced steady growth since its inception, and incorporated in March 1999, (see Appendix 6, Articles of Incorporation). In 1999 Gross Sales of $750,000 were achieved. In 2000, signed contracts show that Gross Sales are expected to be $1,300,000 (see Appendix 2, current Backlog).
The Company has its address in leased premises at 1234 A Street, Somewhereville, AB 12345. Its activities fall under the Standard Industrial Classification SIC 1521 and 1522. The owners are Brian Groth and Nancy Doe.
ADVENTURE WORKS Design and Construction is involved in four distinct activities:
1. Architectural Design
2. Residential & Light Commercial Construction
3. Property Services
4. Retail Floor Coverings (see Appendix 4).
Eighty to ninety percent of the Gross Sales are in design and construction. At the moment (May 2000) there are 25 permanent employees on the payroll and 10 subcontracted workers excluding subcontracting companies (see Appendix 1 for resumes).
The company's Short Term Objectives (within the next three years) are to increase activity in all Divisions, and to achieve annual profit, net after taxes, of $200,000 by 2003. Its Long term objectives are: to maintain the level of current business achieved up to 2003, and then to move into historical restorations, more light commercial work, and increased new...
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