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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 Stock	£50,000
Other Current Assets	£50,000
Total Current Assets	£200,000

Fixed 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

Fixed 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

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