Assume that you are a loan officer. You are considering making a loan to a retail company–any such company that is actually located near your home. You want to use as collateral as many of the company’s assets as possible. For this assignment, you must: research the state records to see whether there are outstanding security interests in any or all of the company’s assets, and decide how much you would be willing to loan, by estimating the approximate worth of company assets that are not already securing another creditor’s loan.

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A retail company needs loan for its working capital or purchasing fixed asset or for expansion of hi... View the full answer