Johnson is asking the bank to extend the existing line of credit to 1 million to help with the cash flow during the seasonal demands of the business and for the expansion of the business The bank is requiring Manchester to maintain a minimum cash balance of 250k and an accounts receivable balance equal to 150 of the loan Granite will charge interest at 6 per annum of the outstanding loan and accrued interest balance at the end of the quarter to be paid next quarter when cash becomes