$10.5 million. Delta executed the purchase agreement for the existing West Baltimore Street property in September‚ 2001. In October‚ 2001‚ Delta applied to a bank in Baltimore for a commercial loan of $10.5 million to purchase and develop the property. The term sheet provided Delta with 90 days to close the loan transaction. It required a refundable fee of $100‚000 on executing the term sheet. Delta
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Mr. Pratip Chaudhuri‚ Chairman‚ State Bank of India | | | Yash Ved / 10:48 ‚ Sep 27‚ 2012 | | | | | | Mr. Pratip Chaudhuri‚ Chairman‚ State Bank of India‚ He took charge from O.P. Bhatt‚ on 7th April. Prior to that‚ he was the Deputy Managing Director (DMD) of the International Division of SBI. He joined SBI 37 years back as a probationary officer in 1974. He has held several important positions in SBI‚ including Chief General Manager of the Chennai Circle. He is also credited
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Now more than ever‚ students are graduating and beginning their careers with considerable student loan debt. While everyone knows how important it is to save for retirement‚ many wonder whether they should attempt to pay off their student loans before they start investing. Legacy Financial Group‚ a financial planning firm serving clients throughout the Granbury area‚ understands that this is a difficult decision‚ and is here to offer some insight. On the one hand‚ paying off any type of debt can
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raise savings rates to attract new customers. Then they started loaning more and more‚ as the loans grew the customers were less ideal. They started loaning to people who couldn’t afford the loans‚ and the government had to bail them out. The government was forced to print more money than they had. Also‚ deregulation led to increased savings rates‚ so savers deposits were used to take out even more loans. Loan sharks began to see this as a great opportunity to make money. These savers deposits were
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During the year of 2012‚ cash used for investing activities of Wendy’s totaled $189 million‚ increased $131 million from 2011. The two largest investing activities appeared in Wendy’s statement of cash flow are capital expenditures and acquisitions. Cash capital expenditures of Wendy’s in 2012 totaling $197.6 million‚ including $71.9 million for reimaged and new Image Activation restaurants‚ $13.5 million for new restaurants‚ $28.0 million for point-of-sale equipment‚ $23.2 million for the construction
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Executive Summary: Mark X Company is the maker of farm and specialty trailers. The company has fallen on difficult times and wants their bank‚ Wells Fargo‚ to extend a loan for working capital and an expansion of their current facilities. Mark X feels this will help the company increase sales and therefore improve their financial situation. Wells Fargo is leery of extending any additional funds to Mark X based on their current financial situation and their most recent liquidity and debt ratios
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significant amount of time to recover‚ and while doing so‚ prepared for another recession in future if it happened. Over the years‚ the economy has good and bad days‚ however‚ the United States have become aware of the housing market‚ unemployment‚ and bad loans affecting the economy drastically during 2007-2009. The recession became noticeable in December of 2007‚ but began much earlier
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developed by Johnstone is solid: Johnstone and his partner has done the study on zoning and regulatory research. The development plan has been approved by the city‚ the general contractor responsible for the construction plan has been hired. The bank loan required for the development has also been approved as well. The location‚ Philadelphia is where Lance Johnstone was born. He has done due diligence around the area by visiting the place‚ looking up owners and talking to people at Temple about their
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featuring acts from Manila) 2.) Encourage the nearby businesses to take part in the project by means of donations‚ sponsorships and the likes. 3.) Apply for a long-term loan to settle the current debts and later on save up to pay annual amortizations. Recommendation: The best alternative would be to apply for a long-term loan with a bank that offers reasonable rates. It
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strength of Clarkson Lumber improved or deteriorated? During the last 3 years‚ Clarkson has used its line of credit with Suburban National Bank ($400k) and cash flow from operations to support its operations in addition to paying off its Holtz loan and term loan. During this period‚ Clarkson’s financial strength has deteriorated significantly. Below are a few examples of their declining strength: Current liabilities 29.9% 66.5% Long-term liabilities 45.2% 72.6% Equity 54.8% 27.4% Current ratio
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