notes for dynashears - On April 28, 1991, Mitch reviewed...

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On April 28, 1991, Mitch reviewed the credit of Dynashears o Recently, dan, treasure of dynashears, had informed Winthrop that the company can’t liquidate its outstanding seasonal loan o Agreed to extend the outstanding $1 million loan but Winthrop and Dan must talk Dynashears o Manufactured household scissors and industrial shears o Competition from foreign countires was severed o Made profits since 1958 o Sales and profits had grown fairly steadily throughout the period o Solicited money from Wellington from 1990 o Historically held fairly sizable deposit balances in Wellington o Had sufficient capital to cover its permanent requirements over the immediate o Short-term borrowings from banks were typically confined to the period July-December of each year, when additional working capital was needed to support a seasonal sales peak In June 1990, Dynashears arranged a line of credit of $2.9million to cover requirements for the fall o Sheehan anticipated paying loan by December 1990
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notes for dynashears - On April 28, 1991, Mitch reviewed...

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