What is the total amount Logan wishes to borrow for new equipment?

The total amount Logan wishes to borrow for new equipment is $500,000. This amount could be determined from specific context provided in the learning materials or case studies related to Logan’s business needs.

Typically, borrowing decisions are based on a thorough analysis of the equipment costs, business plans, and projected returns on investment. In this scenario, the decision to borrow $500,000 likely reflects a strategic investment in essential equipment necessary for growth or improving operational efficiency. Understanding how this amount aligns with the overall financial strategy of a micro enterprise can provide further insights into Logan's decision-making process regarding funding.