| | Expansion Plan - Source and Use of Funds Statement |
| | Company: |
| | Source of Funds |
| | Source | Amount |
| | Management Team Investment | $ 700,000 |
| | Line of Credit with PNC Bank (4% simple interest loan) | $ 75,000 |
| | Total Funds Committed | $ 775,000 |
| | Total Funds Required | $ 1,225,000 |
| | Total Funds Needed from an Equity Investor | $ 450,000 |
| | Use of Funds |
| | Cost Item | Amount |
| | Office Facilities | $ 210,000 |
| | Office and Computer Equipment | $ 75,000 |
| | Staffing and Personnel | $ 30,000 |
| | Sales and Marketing | $ 50,000 |
| | Attorney Fees | $ 15,000 |
| | Initial Inventory | $ 645,000 |
| | Other (R&D and General Expenses) | $ 50,000 |
| | Cash for Working Capital | $ 50,000 |
| | Shortfall on Break Even Profitability During Initial Operations | $ 100,000 |
| | Total Required Funds | $ 1,225,000 |
megan.mcwafe04s6
EMG4006ExampleofSourceandUseofFundsStmtforChapter7-FinancialPlan1-2.xlsx
