As a recently hired assistant loans officer for a major bank you are tasked with assisting the

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Question:

As a recently hired assistant loans officer for a major bank you are tasked with assisting the loans officer in determining what to do when a 45 million dollar loan to a company called Hobby Horse Ltd come up for renewal at the end of the month You know that the Company was founded in 1990 It consists of a chain of discount stores that sell materials for crafts hobbies Last year they had a poor holiday season and as a result suffered a loss Hobby Horse management has recently cancelled constru