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Already Owned
List below assets you already own that you expect to use in your business. This
list is important for several reasons:
To identify the assets that are available for use that do not have to be
purchased.
To develop your business financial statement if you are planning a
business expansion rather than a start-up.
To develop information for the Personal Financial Statement.
To develop the information you will use to show your contribution
(non-cash) to the business.
Much of these assets may be depreciated for tax purposes even though
you already have them.
However you may choose to use this information, you should use cash value
its current market value if the assets were to be sold. It is not appropriate to use
the cost if the equipment were purchased new.
The complete list will go in the Appendix.
ITEM (Complete Description)
CASH VALUE
Item Description
Cost
Start-Up Costs
Whether you are starting a new business, moving to a new location, opening a
new branch, or expanding your business, you will have some Start-Up or onetime expenses. The following information will be needed to complete your Cash
Flow as well as in an application for funding:
1. Furniture, fixtures, machinery, equipment
Purchase price (if paid in full with cash)
Cash down payment (if purchases on contract)
Transportation and installation costs
$
$
$
3. Decorating/remodeling/leasehold improvements
4. Deposits
Utilities
Rent/leases
Other (identify)
$
$
$
5. Fees
Legal, accounting, other
Licenses, permits, etc.
Other (identify)
$
$
$
$
$
$
TOTAL
Personal Budget
1. Housing Expense
Rent/House Payment
Heat
Electricity
Telephone
Water/Trash Pick-up
Cable TV
Repairs/Maintenance
Sub-Total
2. Personal Expenses
Food at Home
Food Away from Home
Other Grocery Supplies
Clothing-Purchase
Clothing-Laundry
Education-Personal
Education-Children
Newspapers/Magazines
Medicines
Doctor/Dentist, etc.
Gifts/contributions/dues
Allowances
Recreation/Social/Hobbies
Sub-Total
3. Vehicle, Transportation
Purchase Payment
Gas, Oil Lube
Tires, Batteries, Filters
Repairs
Sub-Total
Current Year
Current Year
Sub-Total
5. Loans, credit
School
Personal
Credit Card
Automobile
Other
Sub-Total
6. Taxes
Federal, State-Income
Property
Other
Sub-Total
Budget Summary
Sub- Totals
Housing
Personal
Vehicle
Insurance
Loans, Credit
Taxes
Total Expense Year
b.
c.
$
$
$
$
$
$
$
$
$
$
EXPENSES
A. Fixed annual Expenses:
Rent/Mortgage
Property taxes
Car Payments(s)
Home Equity/Personal Loans
Insurance Premiums (life, health, etc.)
Monthly Payments on Credit Cards
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
SURPLUS/DEFICIT:
List all your debts: loans, credit card debt, personal loans. Contact the
loan agencies and find out the exact amount of principal left on the loan.
Interest that will be paid in the future should not be added in.
If you have a mortgage on your home and/or other real estate, list the
holders of the first mortgage. List the holder of a second mortgage if there
is one.
List all other liabilities (money that you owe). These may include past
medical bills, outstanding judgments, student loans, back child-support,
etc. Do not list ongoing expenses.
Bank
Bank
Total Assets
$
$
$
$
$
$
$
$
$
$
$
Liabilities
Balance on home mortgage
Mortgage Holder
Balance on Car (Bank)
Credit Cards (Company)
(Company)
(Company)
(Company)
Other Loans (List)
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
Total Liabilities
$
$