Assume that you started a new business last year with RM30,000 of your own money to purchase equipment. You are seeking a RM100,000 loan to finance the inventory needed to reach this year’s sales target. You have agreed to pledge your venture’s delivery truck and your personal car as a security for the loan. Your family member has agreed to become the guarantor. During your initial year of operation, you paid your supplier in 30-day credit. (a) Use the five Cs of credit to analyse your loan request from the viewpoint of a lender in deciding whether you should make the loan. (b)Assume that you are currently carrying an accounts receivable balance of RM10,000. Analyze how you might use accounts receivables to obtain an additional bank loan.

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