classic cars example 3

An entrepreneur receives an unexpected tax bill with demands to pay immediately. With no liquid funds available, one option is to sell a classic car and accept a price below the market value.

Working with Westend Bank, the client resolves the situation by agreeing a loan and using the funds to pay his tax bill. By the end of the loan period, he has raised the funds to repay the capital and regains possession of his car.

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