The following text may have been generated by Optical Character Recognition, with varying degrees of accuracy. Reader beware!

Your Helper to Small Business responsibility to lender Dear Ed: I recently went to my bank and asked the manager to lend me some money to expand my business. I was turned down without much explanation. Before I go back again to reapply or go to see other bankers, can you tell me what they are looking for when I make an application? O.A. in Sault Ste. Marie Dear O.A.: A lender has certain needs that must be satisfied before he/she can make a decision to lend money or not. How well you address those needs will result in success or fail- ure in getting your required financ- ing. there are four basic items that need to be addressed. Did your last pro- posal deal with them? 1) Management: You must show your banker evidence which demonstrates good management ability. 2) Repayment: You must also show evidence which can demonstrate your ability to repay the loan. 3) Your Investment: You need to show your banker some concrete way that you are committed to the business. 4) Security: You must also let him/her know what is available to the bank and what it is worth to the bank, if you were unable to repay the loan. The better these issues are addressed, the more success you will have. If you wish to discuss this in more detail, write, or call me collect. ELEMENTARY SCHOOL STUDENTS CONTEST In 50 words or less, write a story about your dad and why he is so important to you. Send your stories to the NEWS. Box 579, Terrace Bay. On a special page, we will include the top 3 stories. FOR SALE ROSSPORT (Nicol Island) 2 choice lots lot #22 & #23 side to side, end of causeway on the right total of 1 1/3 acres 250 ft. waterfront Sandy Beach Extensively Developed New unfinished camp on lot #22 will sell lots separately or as packaged deal Serious Inquires Only Leaving Area Phone 824-2185 Business Directory COOPERMAN'S AUTO BODY Dave Cooper 32 Overpass Rd. Terrace Bay, Ont 825-9360 EXPERTS IN HOLIDAY and BUSINESS TRAVEL Canada P7C 1A7 (807) 623-8353 with each ticket purchased. CALL TOLL FREE 1-800-465-5922 2 508 Victoria Avenue i _4 Marlin MAN) World-Wide WW Travel Toll Free 1(800) 465-6922 Owned and operated by World-Wide Travel Service (Lakehead) Ltd. Thunder Bay, Ontario $100,000.00 free flight Insurance Travel Planners Since 1954 Page 11, News, Wednesday, May 25, 1988 John's Texaco Your service centre four Mini-Mart ' for for gas, carrepairs & groceries, milk & i cigarettes. SERVICE Mon.-Fri. 7:30am - 9pm MINI MART Saturday 8:00am - 7:00pm AIRLANE MOTOR HOTEL 698 Arthur St., W. Thunder Bay, Ontario Phone 577-1181 Banquet & Convention Facilities Lg. Heated Indoor Pool Whirlpool Saunas Diningroom "A guest When You Enter- A Friend When You Leave" 825-91 2 es ee Telex 073-4199 TRAVELLING ANYWHERE? : America 825-9664 Travel Agency Ud. Get that fishing reel ready 217 Simpson St. , P.O. Box 964 Thunder Bay, Ont. P7C 4X8 Authorized Agents For ; m, ALL AIRLINES ! are; ITALY and EUROPE TRAVEL SPECIALISTS for another season. Replace those broken and worn out parts. Have that reel cleaned, lubed and repaired for as low as $9. 95 (parts extra) 824-3336 CHIROPRACTOR Nor-Shore Chiropractor-Clinic MOUNTAIN VIEW PLAZA SCHREIBER WEDNESDAY 1:00 to 8:00 pm or SPORTSWORLD 824-2506 | NEW AGENT. 'In Terrace 'Bay * Lower level in the: F-Post Office "SEWING NOOK (825-9555) Porthis DRYC CLEANING SERVICES SPECIALS May 23 - June 4 Comforters-------------------- $5.99 Plain Dresses------------------ $5.99 Sleeping Bags----------------- $6.99 Sweaters & Blankets----------- $3.49 Travel: Re: Trailer: Park. De vciwer 824-2617 1-800-465-6964 we Lloyd Snider [DAN MATEEY. es Contracting invites = to build your home with us. Terrace Bay, Ont. We offer: ; -competitive prices 825-9468 at - custom built homes Hic after 5 p.m. ee - custom cupboards of Painting, Wallpapering, Trim finishing, Renovations, Plumbing Repairs i your choice olympic carpets of your choice 450 John Deere Rentals FOR FREE ESTIMATES CALL MEL OR DAN FREE ESTIMATES AT 825-9454 = Tilden ee re Rent-a-car Service 1-800-465-3939 We Make Great Vacations! Corporate AMERICAN: A coey Travel Service = & Vacation ---- -- Planning Eyna @'s Ce GaP Hairstyling Sa@flan 624-3399 82472525 Mon Tues Sat 9-5 Wed Thurs fri 9-8:30 Monto Sat 9-S * haircutting * earpiercing * tinting * perms * waxing Scotia 81 Scheib C. DESROSIERS CONSTRUCTION LTD. 807-825-3332 READY MIX HEAVY CONCRETE EQUIPMENT P.O.BOX 760 CURTIS DESROSIERS TERRACE BAY, ONT RES: 807 825-9069 POT-2WO. Spadoni Bros. Ltd. Cars & Trucks, daily, weekly, mon- thly, & long term leasing. Call Stan at 824-2043 Toll Free1-800-465-3360 C & S NORTHLAND ENTERPRISES Authorized Viceroy Dealer Commercial & Office Rental Space Mini & Maxi Cage Storage Mill Road Terrace Bay 825-9308 - Alcan ~ SUPERIOR nn PRODUCTS as '| PRODUCTS 'Aluminum & vinyl siding, Seamless Eavestroughing Aluminum soffit & fasia board Aluminum stormdoors & windows insulated replacement ey: ee windows tee Comey, Local Alcan Dealer Wally Holman -- Lik oe 824-3428 oo ok a