Be Our Guest, Inc.

?Be Our Guest, Inc.?Be Our Guest Inc., a Boston ensnare participation, is a rapidly growing equipment rental company with all important(p) seasonal workerity in its revenues and profits. In the spring of 1998, the senior solicitude police squad is reviewing its financial plans in preparation for a meeting with the companys bank. The brass provides an opportunity to forecast financial necessitate and consider the assign structure and amount of bank borrowing. For eld the company has been contract party supplies and furniture to caterers, cause planners and hotels, it has overly managed to grow stepwise in a very vaporific and seasonal avocation. The founder, Stephen Lizio and co-owners Al Lovata and Simone Williamson found it difficult to computer store daily operations because of seasonal cash shortages. Stephen Lizio met Anne Granger, Vice electric chair at State course Bank, at a networking event in 1995. She became interested in learning more somewhat Be Ou r Guest, Inc. and over the con preconditioninous few months she maintained contact, see the company and becoming acquaint with the management team. In 1996, the company had secured a $100,000 revolving line of point of reference at the old rate plus 1.5%, and a $390,000 five-year bestow at a fixed rate of 9.25%. The term l closure?s monthly payment was more than $8,000. By the end of 1997, the term?s loan outstanding balance was reduced to $315,000.

On the contrary, the credit line had been increased to $140,000 and tapped out to fund a large jump in receivables in December. eon a rise in receivables usually is a get event, many of Be Our Guests custo! mers had followed up their yearbook holiday rush, so party-equipment rentals peak, with their annual winter slump, leaving them unable to pay their bills until late spring, when business could be counted on to pick up again. onerous to pay such... If you want to get a full essay, cast it on our website: OrderCustomPaper.com

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