![Envy Rides Incorporated](/assets/artwork/1x1-42817eea7ade52607a760cbee00d1495.gif)
![Envy Rides Incorporated](/assets/artwork/1x1-42817eea7ade52607a760cbee00d1495.gif)
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Envy Rides Incorporated
9B10N033
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- £0.99
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- £0.99
Publisher 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.