Follow the situation below and answer the questions

Assume that you are responsible for approving commercial loans at a bank where you are the senior lending official. You are approached by two hospitality management college graduates with three years of management experience acquired after they completed their studies. They are seeking a loan slightly in excess of 1 million to establish a restaurant in the community. The funds will be used to lease land, facilities, and equipment, as well as for renovation. inventory, salaries, and other start-up costs