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Start-up Summary


3.0 Start-up Summary

Each of the four co-owners will invest $62,500. The remainder of the required financing will come from a ten year Small Business Administration (SBA) loan in the amount of $250,000 and a short-term loan in the amount of $55,000. Total loss at start-up is $5,000. The following chart and table show projected initial start-up costs for QDAR.


Start-up
Start-up
Requirements
Start-up Expenses
Legal$3,000
Other$2,000
Total Start-up Expenses$5,000
Start-up Assets Needed
Cash Balance on Starting Date$100,000
Start-up Inventory$50,000
Other Current Assets$50,000
Total Current Assets$200,000
Long-term Assets$350,000
Total Assets$550,000
Total Requirements$555,000
Funding
Investment
Jake Brakes$62,500
Blair Horn$62,500
Yugo Ford$62,500
Gaz Motor$62,500
Total Investment$250,000
Current Liabilities
Accounts Payable$0
Current Borrowing$55,000
Other Current Liabilities$0
Current Liabilities$55,000
Long-term Liabilities$250,000
Total Liabilities$305,000
Loss at Start-up($5,000)
Total Capital$245,000
Total Capital and Liabilities$550,000

Start-up

Start_up
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