Anne Schippel, business banker, is analyzing Dry Supply's loan request and proposed loan structure. In light of what you learned , what is your evaluation of the loan in terms of primary, secondary, and tertiary sources of repayment?

The use of Dry Supply, Inc. as a case study continues with this exercise. Dry Supply is a wholesaler of dry cleaning equipment, cleaning supplies, and laundry soap. The company, which is located in central Kansas, has been in business over 50 years. Anne Schippel is a business banker and in conjunction with her manager has determined that this business is consistent with the industries targeted by her bank, as well as being within the bank's designated market area. She has made a couple of introductory calls and knows that Dry Supply was founded in 1949 by the father, who sold it 20 years later to his daughters, who are the current owners and managers of the company. Four grandchildren also are employed by the company. In short, this is a family-run business and likely to remain so in the foreseeable future.