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A business owner takes out a loan for $ 2 5 0 , 0 0 0 to fund the growth of her business. The lender

A business owner takes out a loan for $250,000 to fund the growth of her business. The lender provides her with an agreement, called an indenture, and there are specific covenants contained within this document. Once the funding comes through, the owner decides that she would rather use these funds for home improvements. What are the issues she might encounter if she uses these funds for her personal home improvements?

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