Your 401(k), IRA or other qualified retirement account can be the key to starting your business debt-free and cash-rich. This allows you to utilize the full potential of your existing retirement accounts, thereby enabling you to eliminate or reduce the need for additional loans.
Document Requirements
The Executive Summary should be no more than 5 pages and must include the following:
1. Background of the Business
2. Background of the Industry
3. Background of the Management Team
4. Management Strategy
5. Marketing Strategy
6. Exit Strategy
7. Amount Requested
8. Source and Use of Funds
9. Budget
10.Five Year Financial Projections