What could stacy do to persuade a bank to lend the money

Reference no: EM133181763 , Length: word count:600

Case: Stacy's mail-order, gluten-free blueberry muffin business has continued to grow. However, there are times-once or twice each month-when Woody's organic blueberry farm has found it difficult to supply Stacy's needs. This brings up a variety of legal issues now that additional labor and funds may be necessary to secure a wider supply of organic blueberries. Stacy has again asked for your advice.

Using references from the background materials, write 2 full pages (excluding title and reference pages) discussing the following legal issues involved in the effort to increase the supply of blueberries for Stacy's business. Be sure to include 2 scholarly sources in your paper.

Scenario:

Question 1: In the area Stacy lives, there are several "U-Pick" organic blueberry farms where customers are allowed to pick their own blueberries and pay for them by weight. Stacy is thinking of supplementing her supply by hiring employees to pick blueberries from such farms. She is also considering resourcing blueberries from another local farmer, even though these blueberries probably will be a little more expensive than the "U-Pick" blueberries and not quite as fresh. From an employment law perspective, which approach would be preferable?

Question 2: Stacy also wants to get a small loan to purchase a large batch of blueberries from Woody (for potential freezing) and to hire one or two more employees for the bakery. Unfortunately, loan officers from several banks say there is no way a bank will lend to a start-up, mail-order, gluten-free, organic blueberry muffin business, at least not right now. Stacy's detailed financial statements show that her company has excellent financial prospects, but still no bank will lend to her. You would consider lending to her, but you don't have the money to spare right now. What could Stacy do to persuade a bank to lend the money?

Assignment Expectations

1. The minimum length requirement for the Module 3 SLP assignment is 2 full pages (excluding title and reference pages). The 2 full pages will include an introduction, a body of work (supported with three scholarly sources), a conclusion, and a References page (see APA 7 template).

2. Provide a minimum of at least 2 scholarly sources using APA Style.

3. Provide an APA-formatted title page

Reference no: EM133181763

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