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Sure Cut Shares

Executive Summary

SureCut Shears is a producer of household scissors and industrial shears. In June 1995, the company’s treasurer arranged a line of credit worth $3.5 million with the Hudson National Bank. The company requested a further $350, 000 in September, 1995. Later on in the year the company experienced a problem with repaying its loan. This problem continued into the following year as the company was faced with declining sales and a retailing downturn. Mr. Stewart, a senior loan officer at Hudson National Bank agreed to extend the company’s loan, although he requested a meeting to analyze the organization’s problem and determine the cause and/or causes.

Introduction

SureCut Inc manufactures household scissors and industrial shears. The corporation experienced steady profit and sales growth since the year 1958. This was made despite the existence of severe competition in the industry, especially from foreign companies. Senior loan officer, Michael Stewart,......


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Approximate Word Count: 1946
Approximate Pages: 8 (250 words per double-spaced page)

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