Date
What is your experience in this type of business?
What are the biggest challenges to your planned business and what steps will you take to overcome them?
How many hours per week (on average) do you plan to work on your business?
Please describe in detail how you will spend the startup or expansion money; list items to be purchased, cost of each, number of items, and total cost.
Grand Total
How are the items listed above essential for the launch/expansion of your business?
Do you have access to additional sources of money for your business? If yes, how much and what are the sources?
Who are your customers and where are they located?
Who are your competitors and where are they located?
On the next page (Cash Flow Projection Worksheet), please project your sales and expenses for the next three years. This section is the most important for investors and lenders because it shows that your company is built on a solid foundation. It also illustrates how your business will be able to meet financial obligations, while maintaining a positive cash flow balance. This section includes four spreadsheets: -Profit and Loss Projection: Shows your company’s ability to generate a net profit, or your bottom line. This is also known as income statement. -Cash Flow Projection: Displays the operating, investing, and financing activities of your company by detailing the money coming into and going out of your Financial Projections business. -Projected Balance Sheet: Estimates resources that your business will need, where they will be needed, and how they will be financed. -Break Even: Shows when your business will be able to cover all of its expenses and begin making a profit. If you do not have financial information prepared, research industry statistics to estimate what the profits and costs will be for your company. If you need assistance, contact Sitting Bull College Entrepreneurial Center, a local Small Business Development Center (SBDC) or SCORE—two of SBA’s resource partners—through the SBA.gov/Local assistance tool. All of these organizations have sites that provide free business counseling.
If you are human, leave this field blank.