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The decision to provide the Butler Lumber Co. with any line of credit would be denied due to the lack of equity the company posses. The margins that are generated by the Butler Co. are not enough to warrant a line of credit of $465,000. The proforma analysis was the major factor for denying the line of credit but management decisions where also considered. The Butler Company lacks the following managerial skills: * Financial management * Marketing * Utilization of property/building space * Salary budgeting for owner The bank would consider granting the Butler Company a line of credit if Mr. Butler agrees to maintain an appropriate working capital and owner accepts a more moderate salary. All fixed assets purchases would require prior approval of the bank and insurance policy and personal property should be accepted as collateral for all the line or credit. ...

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