Question
TASK A. SBE Private Limited company is applying for a working capital loan. This is the companys first application for credit facility from your bank.
TASK A. SBE Private Limited company is applying for a working capital loan. This is the companys first application for credit facility from your bank. SBE Private Limited company is a medium-sized company that manufactures various types of antique furniture for local as well as international markets. The company is currently facing cash flow problem due to ineffective cost control. B. XYZ Private Limited company is applying for an additional overdraft facility from your bank. This company has a good track record with your bank. However, the company has been experiencing difficulty lately due to industry-wide recession. According to the finance manager of XYZ Private Limited company, the purpose of the additional facility is to finance the companys overhead cost.
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