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Amount of Loan Data on retail shop that is larger than yours, but sells similar products: Recently sold for 419,000 (And it had this number

Amount of Loan

Data on retail shop that is larger than yours, but sells
similar products:
Recently sold for 419,000
(And it had this number of square feet) 33,400
Your Property Dimensions
Ground Floor 39 by 26
Floor 1 39 by 21
Adjustment for size and location 1.4
Your Equipment
Newly installed cash safe, at cost 10,640
Your Inventory Number Cost Per Item
Lamps 22 222
Desks 25 445
Leather Couches 22 2,485
Cloth Couches 12 1,787
Your local bank's collateral lending schedule is as follows:
Your Property 50.0%
Equipment 60.0%
Inventory 10.0%
Receivables (< 60 days) 70.0%
Stocks 80.0%
How much will your bank lend your business?
A Between 50,000 and 120,000
B Between 120,000 and 145,000
C Between 145,000 and 170,000
D Between 170,000 and 200,000

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