Question: A new paintball facility in the area has requested a revolving line of credit for seasonal working capital needs as well as equipment and clothing
A new paintball facility in the area has requested a revolving line of credit for seasonal working capital needs as well as equipment and clothing offered for sale to customers in their shop or online. The facility will be owned by two individuals who are employed fulltime in other industries. Provide specific comments on the following loan structure components for this request.
Loan interest rate fixed or variable
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Loan maturity term
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Collateral
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Payment structure amt frequency
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Financial monitoring requirement
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