As you prepare to submit the Equity Investment Application, refer to the corresponding tasks and resources listed below (Hub / Curriculum / Finance):
FIN Task 2 - Create a Detailed Budget to Determine Financial Needs FIN Task 3 - Identify Sources of Debt and Equity FinancingFIN Task 4 - Apply for a Small Business Loan
New firms may apply for a maximum of up to three (3) months of operating expenses + one time expenses (initial inventory and/or fixed assets). Maximum loan amount is $150,000.
Existing firms may apply for a maximum of up to three (3) months of operating expenses. Maximum loan amount is $120,000.
Information on recording this transaction on QuickBooks for the Balance Sheet can be found on Hub / Curriculum / ACCT Task 3 - Record Income in QuickBooks.