Introduction
Presence financial support organizations in the country will enable Tootsie Roll Industries opportunity of securing efficient loan package that is capable of leveraging its liabilities by ten percent. However, this will be made possible through a well assembled loan packaged that will be able to entice and attract loan packages from financial organization.
A loan package is a collection of documents that encompasses vital information necessary for obtaining a loan endorsement (Rodrigue & Murphy, 2010).Loan package is a tool financial for real estate development projects and acquisition. A well assembled loan package should include information about company’s history, details on terms of loan payment, answer questions regarding financial conditions, management capability of creating accurate financial projections, and market (Rodrigue & Murphy, 2010).
Tootsie Roll Industries is well known for product such as tootsie and tootsie pops is a company based United States and mainly specializes in manufacturing of confectionery products. The life cycle of Tootsie Roll Industries and many other business organizations it is prone to financial crisis. Such factors prove to be a major challenge to the success and growth of business organization. Therefore by realizing this need, the United States government has facilitated establishment of various agency whose main purpose is to support business organizations in the financial needs. Small Business Administration, SCORE and American Express Creditors are some organizations that offer such services.
SCORE is a nonprofit making organization that assists small businesses to grow across America. The association does this through training and mentorship which minimal in terms of the associated cost. On the other hand, Small Business Administration focuses on sustaining and strengthening the country’s economy. It does this by supporting entrepreneurs and small business through activities which have been summarized in three Cs that is capital, contracts and counseling. Lastly, American Express Creditors is an organization operating globally, offers financial services which include charge and credit payment and travel related services to American businesses.
Reference
Rodrigue, D. & Murphy,D. M.(2010).How to Open & Operate a Financially Successful Vending Business: With Companion CD-ROM. Washingtom: Atlantic Publishing Company
