Financial Plans

Start Up Costs

The total amount of money capital that must be raised before the company can operate is £18,845.

Possible Sources of Capital

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The method of finance that the business will use to cover set up costs will be a Bank loan.  The loan will have to be as long as possible to ensure that enough money is earned to cover the repayments and interest.  The reason this source has been chosen is because it allows large amounts of money to be borrowed if the bank is happy with the business plans put forward.  It also allows the business to pay back the loan in instalments over a period of time so the loan can be paid back gradually in relatively small ...

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