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Fruitful Development Private Ltd. Vijay Davey, has obtained considerable experience in the transportation, warehousing, and wholesaling of fruits, especially those from the tropics such as mangoes, palm fruit, jackfruit, custard apples etc. Finally, this year, Vijay quit his job to set up Fruitful Development Private Limited (FD). Vijay and his wife, Shanthi, each own 50 percent of FD. Vijay's wife, a stay at home mom, will look after the administrative aspects of FD. Administration will be from their house, which they own. Details about FD's activities follow: Vijay and his wife invested $500,000 of their personal savings into the company. However, working capital is going to be tight. To tide over working capital needs, they propose to obtain a line of credit from the local bank by providing personal guarantees and their house worth $1.5 million as collateral. However they want to avoid using the credit line as much as possible to...

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