Please advise the following people what is the best source of financing. Also, explain the...
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Finance
Please advise the following people what is the best source of financing. Also, explain the strengths and weaknesses of the borrowers ability to get loan based on 5 Cs of credit:
-Mary has been in the construction business for 3 years. The business has averaged $120,000 in profits each year. She is seeking $250,000 to purchase new equipment. Her credit score is 650. She also has a house valued at $350,000 with outstanding mortgage of $200,000. Mary over 20 years of experience in the business.
-Mark is seeking $10,000 to start his graphic design business. His credit score is 630 and he has no personal assets.
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