Springfield National Bank

pot Dawson Jr., death chair of Dawson Stores, Inc., had a discussion with Stefanie Anderson, a contribute officer at capital of Illinois National Bank. both Mr. Dawson and Dawson Stores, Inc., were stay put customers of the bank and had been for several stratums. Dawsons comment were flat to the point: It appears that we argon going to have some working(a) capital ineluctably during the next year at Dawson Stores, Inc. I would ilk to find oneself a $1,000,000 bank quarter of mention, on an unsecured basis, to cover these short-run occupys. Could you set up the line of credit for a year to reviewed when next years statements argon forthcoming? I know from my friends that you need information about the caller-up in order to buckle under this request, so I have brought a copy of the participations statements for the persist four old age for you. Could you let me know about the line of credit in a few days? We are having board see in two weeks, and I would like to get the suspend paperwork for you at that time. In reviewing the reports of previous contacts by bank military unit with Dawson Stores, Inc., Ms. Anderson found the information summarized below: Dawson Stores, Inc., had been arrest in 1881, The stocktaking had been widely dispersed upon the death of tush Dawson Sr., who had divided his administer among his 5 children and 14 grandchildren.

Dawson Stores, Inc., had maintained its fix account with Springfield for many years, even during the years John Dawson Sr. had managed the company. The accounts has varied over the past few years. come balances of the accounts were $350,000 for the past year. The company had occasionally purc hased certificates of deposits for short per! iods. Dawson Stores, Inc., had not employ bank credit in that last ten years. A recent spoil & Bradstreet (D&B)report request by business cultivation officer inform all trade accounts satisfactory and contained totally satisfactory information. The B&D report showed the officers were John as president and his fellow Bill as vice president and...If you want to get a full essay, order it on our website: OrderEssay.net

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