Accounting Consulting - Funds Required And Their Uses
FUNDS REQUIRED AND THEIR USES
Current Funding Requirements
Approximately $6000 of initial funding is required in order to purchase initial computer hardware and software and to establish licensing agreements with several software vendors. Beyond these needs, most initial costs are expected to be met from the cash flow of the business.
This funding will be required within the first few months of operation. The funds will take the form of either bank or private borrowing at current rates and will likely be amortized over a three-year period.
Funding Requirements over the Next Five Years
Additional funding requirements over the next five years are related to acquiring additional computer equipment either for the business itself or for salaried staff.
Use of Funds
- Capital expenditures.
- Working capital needs will be met from personal finances or from cash flow.
- Debtretirement is limited to the...
[The entire page is 201 words long]
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