Task 3 - Implement complex loan structures Ray and Steve have accepted your recommendations and have given you authority to proceed with their application. As part of implementing their loan application you are required to prepare a formal written loan submission to the lender for approval. Note: Lenders have different credit policies and submission requirements which vary from lender to lender. Your loan submission must include: 1 . the details of borrower, guarantors and all contact details the borrower and key personnel's background an overview of the proposal - what the finance is for - how does it benefit the business 4. a 'funds-to-complete' table (cost, deposit etc.) including statutory costs and any relevant fees 5 the proposed structure of the facility being recommended - product type, loan amount, term, interest rate, repayments and residual value (if any), pricing (lender fees etc.) 6. cash flow/serviceability calculations using NPAT averaged over two years. Include the current company loan repayments along with the annual interest on the company overdraft calculated at 80% of the limit 7 full details of the security/collateral that is to be provided and whether clients should seek independent legal advice 8. any relevant conditions of approval that the client must meet (if applicable) 9. a description of the relevant risks - industry, business, transactional, financial - and how they will be mitigated 10. a list of all documents that would be attached to the application 11. any other information that is relevant to assist the lender to provide an approval 12. your comments and recommendations. (800 words) Notes: Any assumptions you make should be noted, and not be in conflict with the case study information already provided You are to write a formal submission to the lender; not simply commenting on each of the points detailed above. The use of tables in the report , to set out some of the numeric information , may be of benefit