Complete Case details are given below :
Case Name : El-Con Construction Incorporated
Authors : Elizabeth M.A. Grasby, Sean Burkett
Source : Ivey Publishing
Case ID : W11657
Discipline : Finance
Case Length : 10 pages
Solution Sample availability : YES
Plagiarism : NO (100% Original work)
Description for case is given below :
The vice president and general manager of Oakville Hydro has submitted an application for funding on behalf of Oakville Hydro’s wholly owned subsidiary, El-Con Construction Inc. (El-Con) to Oakville Hydro’s chief executive officer (CEO). El-Con was requesting $450,000 for a hydrovac truck and $50,000 to cover its working capital needs. The CEO was pleased with the recent performance of El-Con but wondered whether granting the loan was in Oakville Hydro’s best interest. A proposal for this amount of financing would require approval from Oakville Hydro’s board of directors, and the CEO must determine whether to recommend the loan to the board.
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