Home Restaurant Free Restaurant Business Plan 2.6 Loan Summary Analysis
2.6 Loan Summary Analysis
As you can see from this loan summary analysis, we are currently only seeking one term loan in the amount of $186k. We are estimating that the bank will be get us this loan for a duration of 7 years and that it will be a term loan. While there are options out there whereby we could also apply for a line of credit with only an interest only payment due per month, we don't think it is a wise idea to get in to the habit of paying interest only, since if were to continue that practise, we would never be able to get rid of the principal.
Quick Links:
- Go to the Corresponding Template section for this industry.
- Go to the Corresponding Questionnaire section for this industry.
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