In March 2021 Laura will raise £500,000 to finance the growth of her business

In March 2021 Laura will raise £500,000 to finance the growth of her business. She will use the net proceeds from the sale of the assets below. If this is less than £500,000 the bank will provide her with a loan for the difference. Laura intends to sell the following assets in March 2021 i She will sell a painting by a local artist. She expects it to sell for £5,000. Laura paid £9,000 for the painting in 2016 On 1 January 2010 Laura's father gave her a residential building which comprises of four flats. It had a market value on 1 January 2010 of £500,000. The flats are let out to students. In March 2021 Laura will sell one of the flats for £280,000 and pay estate agent and legal fees of £20,000. The value of the remaining three flats is estimated at £900,000 Laura will sell shares in Astro Ltd, an unquoted trading company, to her sister for £105,000. Laura had bought the shares two years earlier for £100,000 and the shares were worth £180,000 at disposal. The shares qualify for business asset gift relief and Laura and her sister will make any elections necessary to reduce the tax due on this disposal Laura did not make any capital disposals in the tax year 2019/20. Laura has unused capital losses of £15,000 brought forward at 5 April 2020. Laura has no taxable income in the tax year 2020/21.
2.2 Calculate the amount of bank loan Laura will need if she is to raise $500,000 after taking into consideration the net proceeds from the sale of her assets above. Include a brief explanation.