Your Financial Plan

Your financial plan: Ensure you include the projected cash flow for the first year of trading. State how much of your own money you are investing into the business and how much you need to borrow. Explain where you intend to source the loan capital. An existing business will be required to include financial statements, a list of assets and liabilities as well as supply agreements with existing customers. Furthermore you will have to provide collateral in the form of the title deeds to property you own or policies that can be ceded to the bank or financial institution. A new business may be asked for a day one balance sheet.

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