Mr MacCallan read Franco' s financial statement. The assets include a lot of prime realestate. The land alone is worth ￡235,000, and on this land the restaurant is worth more than ￡158, 000. Franco has a very high cash flow with more than ￡ 15,000 going in and outevery month, but not much extra left over at the end of each month. Since there is only alittle left. then he wouldn I t have enough to pay the interest on a loan.
"Why don't you apply for a mortgage?" Mr MacCallan suggested. "The restaurant is good collaeral, isn't it? So you would easily get a mortgage of ￡ 100, 000." He also suggested a start-up loan that has 0 % interest for the first five years. "Start-up loans are suitable for businesses that need high investment without any strings attached." he explained.
Franco decided to apply for both. Then he would be able to expand the restaurant.
(1) What did Franco want to do?
A. To deposit some money.
B. To save some money.
C. To borrow some money.
(2) What does the financial statement say?
A. The land size.
B. The land value.
C. The land price.
(3) How much are Franco' s expenditures each month?
A. Just less than income.
B. The same as income.
C. More than income.
(4) What did the manager suggest?
A. A mortgage.
B. A loan.
C. Both ‘A' and ‘B'
(5) What will a start-up loan give Franco?
A. No mortgage.
B. Spending money.
C.More interest.
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