Subject category:
Finance, Accounting and Control
Published by:
Harvard Business Publishing
Version: 26 January 1999
Revision date: 14-Apr-2020
Length: 8 pages
Data source: Generalised experience
Abstract
A bank loan officer must determine whether to waive convenants and extend terms on a line of credit granted to SureCut Shears. At issue is whether the inability of SureCut to pay down its line of credit is due to a temporary cyclical downturn or other long-term financial problems.
Location:
Industries:
Size:
USD30 million revenues
Other setting(s):
1996
About
Abstract
A bank loan officer must determine whether to waive convenants and extend terms on a line of credit granted to SureCut Shears. At issue is whether the inability of SureCut to pay down its line of credit is due to a temporary cyclical downturn or other long-term financial problems.
Settings
Location:
Industries:
Size:
USD30 million revenues
Other setting(s):
1996