| HBS Case Collection
(Revised from original 1986 version)
Biltwell Shears, Inc.
A senior loan officer is reviewing the recent performance of a company that has failed to repay its loan as scheduled. The failure results from a cyclical downturn in sales, coupled with a lag in cutting back production. Inventory risk is minimal. This case is an updated version of Cutrite Shears.
Keywords: Financial Condition;
Financing and Loans;
Piper, Thomas R. "Biltwell Shears, Inc." Harvard Business School Case 286-021, May 1989. (Revised from original June 1986 version.)