Acemakers Wiki: Elements of a Business Plan

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Elements of a Business Plan - Funding Request

Secrets For Starting A Business > Tips For Starting A Business - Business Plans > Essential Elements Of A Good Business Plan

Part 7: Funding Request

In this section, you will request the amount of funding you will need to start or expand your business. If necessary, you can include different funding scenarios, such as a best and worst case scenarios, but remember that later, in the financial section, you must be able to back up these requests and scenarios with corresponding financial statements.

You will want to include the following in this section:

your current funding requirement,
your future funding requirements over the next five years,
how you will use the funds you receive, and
any long-range financial strategies that you are planning that would have any type of impact on your funding request.

When you are outlining your current and future funding requirements, be sure to include:

the amount you want now and the amount you want in the future,
the time period that each request will cover,
the type of funding you would like to have (i.e., equity, debt),
and the terms that you would like to have applied.

How you will use your funds is very important to a creditor.

Is the funding request for capital expenditures?
Working capital?
Debt retirement?
Acquisitions?

Whatever it is, be sure to list it in this section.

Last of all, make sure that you include any strategic information related to your business that may have an impact on your financial situation in the future, such as:

going public with your company,
having a leveraged buyout,
being acquired by another company,
the method with which you will service your debt,
or whether or not you plan to sell your business in the future.

Each of these are extremely important to a future creditor, since they will directly impact your ability to repay your loan(s).

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Acemakers Wiki: Elements of a Business Plan - Funding Request

Hive Wiki simplifies editing your website. Every page has an edit link. Hive Wikis use simple markup. And Hive Wikis document histories. Creating content with a Hive Wiki is simple. Go Here To Start New Free And Easy HiveWiki Today! Home \| Edit \| Index \| Recent Changes Elements of a Business Plan - Funding Request Secrets For Starting A Business > Tips For Starting A Business - Business Plans > Essential Elements Of A Good Business Plan Part 7: Funding Request In this section, you will request the amount of funding you will need to start or expand your business. If necessary, you can include different funding scenarios, such as a best and worst case scenarios, but remember that later, in the financial section, you must be able to back up these requests and scenarios with corresponding financial statements. You will want to include the following in this section: your current funding requirement, your future funding requirements over the next five years, how you will use the funds you receive, and any long-range financial strategies that you are planning that would have any type of impact on your funding request. When you are outlining your current and future funding requirements, be sure to include: the amount you want now and the amount you want in the future, the time period that each request will cover, the type of funding you would like to have (i.e., equity, debt), and the terms that you would like to have applied. How you will use your funds is very important to a creditor. Is the funding request for capital expenditures? Working capital? Debt retirement? Acquisitions? Whatever it is, be sure to list it in this section. Last of all, make sure that you include any strategic information related to your business that may have an impact on your financial situation in the future, such as: going public with your company, having a leveraged buyout, being acquired by another company, the method with which you will service your debt, or whether or not you plan to sell your business in the future. Each of these are extremely important to a future creditor, since they will directly impact your ability to repay your loan(s). From Home Cached copy until 10:31:34 AM 67 hits This Page: Edit \| History This Wiki: Home \| Related To Elements_of_a_Business_Plan_-_Funding_Request \| Index \| Recent Changes \| Random Page \| Search Login \| Create New Wiki \| Wiki List 1/7/2009 6:04 AM v0.61.106 ADBEFEED
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