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18th TT: Receive Loan in Euro from Bank (O43)

Our supportive bank has finally agreed to provide a loan denominated in Euros for £50,000.

The loan is to be repaid in two years, a single payment at the end of year two. The company’s cash flow analysis based on simulations of the case without a loan and the case with a loan shows that £50,000 is sufficient to cover any cash shortcoming that may arise during the next two years, given the cash flow projections of revenue and expenses. 

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