Envy Rides Incorporated
By Elizabeth M.A. Grasby
- Release Date - Published: 2011-02-04
- Book Genre: Finance
- Author: Elizabeth M.A. Grasby
Our rating: 5/5 stars
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Envy Rides Incorporated Elizabeth M.A. Grasby read online review & book description:
The newly-appointed manager of commercial accounts considers a loan request from the owner of a recreational motorsport dealership in the amount of $60,000 long-term loan for renovations and the addition of a tattoo parlor. The owner has also requested a $450,000 working capital loan for operations and to help manage seasonal fluctuations in sales. This is a comprehensive case in which students assess qualitative issues affecting the recreational motorsport industry during a weak economic climate. Students learn the basics of commercial lending and the risks involved in lending to a company that has no bank loan history and that is seeking credit for sustainability.
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