The business is called Paige’s Place Boutique a clothing store geared towards middle aged women. I attached a previous assignment for reference…
Given your projected opening cash needs, will you need funding? Think about your credit rating. Do you have adequate credit and assets to qualify for funding? If not, are there co-signers available?
If you need funding, how much and what kind will you need? Do not forget to consider your own investments, and well as investments from others. Be sure to read the articles on bootstrapping and franchising.
Will you need or can you benefit from a line of credit? If so, how much, and what are your expected interest rates? Why would you select a line of credit over a longer term loan?
Will you need funding in your first year (after the startup)? Is your need seasonal? If you will need funding, what will be the likely source(s)?
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