Friedrich Reine has had a student loan, two auto loans, and three credit cards. He has always made timely payments on all obligations. He has a savings account of $2,400 and an annual income of $25,000. His current payments for rent, insurance, and utilities are about $1,100 per month. Friedrich has accumulated $12,800 in an individual retirement account. Friedrich's loan application asks for $10,000 to start up a small restaurant with some friends. Friedrich will not be an active manager; his partner will run the restaurant. Will he get the loan? Explain your answer.