This document outlines the details of a $100,000 small business loan obtained on March 4, 2010 from a secured lender. The planned use of proceeds included $25,000 or 25% for marketing and advertising, $35,000 or 35% for facilities, $10,000 or 10% for capital equipment, $25,000 or 25% for inventory, and $5,000 or 5% as an advance to the owner.
This document outlines the details of a $100,000 small business loan obtained on March 4, 2010 from a secured lender. The planned use of proceeds included $25,000 or 25% for marketing and advertising, $35,000 or 35% for facilities, $10,000 or 10% for capital equipment, $25,000 or 25% for inventory, and $5,000 or 5% as an advance to the owner.
This document outlines the details of a $100,000 small business loan obtained on March 4, 2010 from a secured lender. The planned use of proceeds included $25,000 or 25% for marketing and advertising, $35,000 or 35% for facilities, $10,000 or 10% for capital equipment, $25,000 or 25% for inventory, and $5,000 or 5% as an advance to the owner.
Loan Description Date of loan 03/04/10 Type of loan Small Business Administration Lender Secured Loan Amount $100,000
Planned Use of Proceeds Amount % of Total
Marketing and Advertising $25,000 25.00% Salaries Facilities $35,000 35.00% Capital Equipment 10,000 10.00% Research and Development Inventory 25,000 25.00% Real Estate Research and Development Acquire Another Business Other: Advnce to Owner $5,000 5.00%