Read the financial statement for Tootsie Roll Industries Inc. in Appendix A of Accounting.
Conduct an Internet search for information on how to assemble a loan package by researching loan package requirements at The U.S. Small Business Administration website (http://www.sba.gov/) or on other websites, such as the SCORE website (http://www.score.org/).
Research the specific loan package requirements of creditors, such as American Express, by reviewing their websites.
Prepare a loan package to secure a loan for Tootsie Roll Industries Inc. that would increase the company’s total liabilities by 10%. Your loan package should include the following:
•A justification of the reason the company needs this loan; the purpose might be for expansion, inventory purchases, debt retirement, and so on
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