Corporate Promotions Incorporated, a modest merchandising firm producing specialty marketing products, custom clothes and pre-printed paper for promotional campaigns, had a chance to bid on a sales contract of two to five million dollars.
Serious income troubles threatened to prevent the firm from servicing the customer, and the business's president approached the Bank of Ontario to request a $75,000 increase to its working capital loan. The loan supervisor must review the previous and future financial positions of the business before deciding on the requested loan increase.
Publication Date: 12/07/2001
This is just an excerpt. This case is about Finance
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