We are going to skip the owner contributed column for now and will come back to it later.
In this first loan column, we are going to rename the column royal bank because we are going to approach Royal Bank so let’s use this column for what we will be asking from them. If you are asking them for all of your start-up costs you would carry over, the total cost of the items into this column. However, certain items may not be eligible for bank financing. Tor example, banks will not pay for inventory or R&D or owner salary. They are more likely to finance your equipment purchases, marketing, leasehold improvements or areas that will make a difference in moving the business forward and making it more competitive and sustainable.