ADM 3313 Lecture Notes - Lecture 11: Credit History

• School: University of Ottawa
• Department: Administration
• Course: ADM 3313
• Professor: Barbara Orser

Document Summary

> supplies and equipment (associated costs, timing of major purchases, suppliers) > other factors based on your specific business. > job description and qualifications for each position. > either in the form of either: owners equity to be drawn out at a later time, as a loan to the business to be repaid at a later time, debt. Debt = cash now for repayment (with interest) later. Money lent to you with expectation of it being returned with interest. Different banks have different products but they are all pretty similar. > what evidence exists that this person has enough of a commitment to the business so that. I"ll be sure he/she wants to work hard to protect it? (if they protect theirs, they will be protecting mine!) Most lending institutions will require at least 25 percent cash/equity contributed to the total capital cost of the project: security. What will it be worth when the business fails: equity.