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Future Collateral Analysis <br /> Accounts receivable will build as the company generates sales. By the end of <br /> year one accounts receivable are projected to be $28,000 and at the end of year <br /> two they are projected to be $78,000. This generates additional collateral to <br /> secure the loan. <br /> The initial loan-to-value ratio will be 71 percent. At the end of year one the <br /> loan-to-value ratio will be 51 percent. <br /> • <br /> BORROWER <br /> The borrower for this loan will be internes five, inc. <br /> MANAGEMENT/PERSONNEL <br /> • Lee Miller will be CEO and.CFO of the company. He will be in charge of the <br /> administrative, operations, accounting and finance functions. He is a Certified <br /> Public Accountant and has 25 years of business experience. The server <br /> systems will be administered by George Radziwill. He is currently a technical <br /> coordinator who manages and maintains a similar system at the University of <br /> Minnesota. Lee Miller will be in charge of the marketing. He has 20 years of <br /> experience in computer services: Service and software sales will be conducted <br /> by Jan Jay who has high-tech sales experience and expertise in the World-Wide <br /> Web and internes systems. <br /> SUMMARY <br /> The market for these services in the Twin Cities market alone will be ample to <br /> meet the company's projections. As business allows the company would <br /> anticipate moving into other geographic markets. This expansion would <br /> increase the market potential with very little increase in cost. <br /> S <br />