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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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