Executive summary Envy Rides Incorporated is owned by Mr Hessels and he is planning a renovation and an expansion to attract more customers and to keep the image of Envy’s Rides Inc. as high as possible. In order to make this plan possible, Mr Hessels asked for a loan to the Genesis Bank of Canada. He requested a $60.000 long-term loan for a partial renovation for his dealership and for the tattoo extension to his shop. The second is a capital loan of $450.000 for the day-to-day operations of…
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