Business Administration 1220E Lecture Notes - Business Development Bank Of Canada, Wayne Watson, Investment

• School: Western University
• Department: Business Administration
• Course: Business Administration 1220E
• Professor: Sean Burkett

Document Summary

You: brad macdougall, account manager at the london ontario branch of the. Business development bank of canada (september 17, 2003) Them: forest of flowers inc, a client of mdc, wayne watson. Requesting: a loan of to finance the opening of two additional london retail locations (to begin business in january 2004) Founded in 1996 with the establishment of three retail outlets. Prior, watson has 25-year career in retail specializing in merchandising, franchising and distribution. Forest of flowers products and services ranging from plants and freshly cut flowers to customized arrangements for special occasions such as weddings, holidays, and funerals (excellent reputation with london) Great success with first three stores, watson opened two additional locations. Although rent in these prime locations was costly, he believed that the additional sales offset the premium lease payments. Macdougall arranged the loan for 1998 expansion; the loan was currently in good standing with all payments up to date.