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[>Management homework help](https://www.sweetstudy.com/fields/business-finance-management) finance – a month ago **files (1)** – ## Assignment231FundingyourBusiness.pdf **## Assignment231FundingyourBusiness.pdf** Assignment #1: Funding Your Future Business Imagine that you are preparing to start a b…
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[>Management homework help](https://www.sweetstudy.com/fields/business-finance-management)
finance
– a month ago
**files (1)**
– ## Assignment231FundingyourBusiness.pdf
**## Assignment231FundingyourBusiness.pdf**
Assignment #1: Funding Your Future Business
Imagine that you are preparing to start a business and need to obtain $50,000 in funding. The
purpose of this assignment is to explore realistic funding options available to a future business
owner and determine the best way to raise the money. Your goal is to obtain $50,000 to fund a
future business. Think realistically about where you could obtain the money if you were
actually preparing to start a business.
Research Your Funding Options
Research at least three different funding options. Start by looking at programs available
through the Small Business Administration (SBA). You should also research a traditional bank
or credit union and compare its business loan options with SBA financing. Look at actual interest
rates, repayment periods, fees, qualification requirements, and the amount you could potentially
borrow.
You may also explore online lenders,harrypotter,investors, crowdfunding, personal savings, or other
realistic sources. As part of your research, talk with a friend or family member about whether
they would hypothetically consider lending you money for a future business. Ask how much they
might be willing to lend, whether they would charge interest, and how quickly they would expect
to be repaid. You are not actually asking them for money. The purpose is simply to compare
informal borrowing with traditional business financing.
Compare Your Options
Present your research in a comparison table. Your table should make it easy to compare the
amount available, interest rate, repayment period, estimated monthly payment, total repayment
amount, and major advantages and disadvantages of each funding option.
After comparing the options, explain which funding source or combination of sources you would
actually choose. Consider not only where you can get the money, but also the cost of borrowing,
monthly payment, financial risk, repayment period, and any other important requirements.
Here is an example of a table:
Funding
Source
Amount
Available
Interest
Rate
Repayment
Period
Monthly
Payment
Total
Cost Advantages Disadvantages
SBA
Loan
harrypotter
Bank
Loan
Other
Option
Create Your $50,000 Funding and Payment Plan
After completing your research, develop a realistic plan showing exactly how you would obtain
the $50,000. You can use one funding source or combine several sources, but your total must
equal $50,000.
Next, create a payment plan. Determine how much you would borrow from each source, the
applicable interest rate, the length of repayment, and your estimated monthly payment. Calculate
approximately how much you would repay in total and how much the financing would ultimately
cost you.
For example, you might decide to obtain $30,000 through an SBA-backed loan, $10,000 from a
family member, and contribute $10,000 of your own money. Your plan should explain how the
borrowed portions would be repaid hredrose
Evidence of Research
Your recommendations must be supported by real research rather than estimated or made-up
information. Include direct links to the SBA, banks, credit unions, lenders, or other funding
sources you researched. You should also provide screenshots showing important information
such as current interest rates, loan terms, fees, or requirements.
Include your calculations showing how you determined monthly payments and total repayment
costs. If you spoke with a friend or family member, briefly explain the terms they hypothetically
offered you.
Requirements
Your written analysis should be approximately 2-3 pages. You must research at least three
funding options and create a final funding plan totaling exactly $50,000.
The goal is to determine how you could realistically fund a future business while
understanding how much that funding would actually cost you and what obligations come
with it.
Grading
Criteria Excellent Good Needs Work Incomplete
Funding
Options, 15
pts
13–15 pts Clearly
researches at least
three realistic
funding options and
provides relevant
information for
each.
10–12
pts Includes three
funding options,
but some
information is
limited or unclear.
6–9 pts Includes
fewer than three
complete options or
provides very
limited research.
0–5 pts Funding
options are
mostly missing
or not adequately
researched.
Evidence &
Calculations,
15 pts
13–15 pts Provides
clear supporting
evidence, such as
links, screenshots,
rates, loan terms,
and accurate
payment
calculations.
10–12
pts Provides
evidence and
calculations, but
some information
or calculations are
missing.
6–9 pts Provides
limited evidence,
and calculations are
incomplete or
unclear.
0–5 pts Provides
little or no
evidence or
calculations.
Comparison
& Final
Decision, 20
pts
18–20 pts Clearly
compares the
options and
provides a strong
explanation for the
final $50,000
funding plan.
14–17
pts Provides a
good comparison
and explains the
final funding
choice, but could
provide more
detail.
8–13
pts Comparison is
limited, and the
final decision needs
more explanation.
0–7 pts Provides
little or no
comparison or
does not clearly
explain the final
funding decision.
Total 50 points
**## Assignment231FundingyourBusiness.pdf**
Assignment #1: Funding Your Future Business
Imagine that you are preparing to start a business and need to obtain $50,000 in funding. The
purpose of this assignment is to explore realistic funding options available to a future business
owner and determine the best way to raise the money. Your goal is to obtain $50,000 to fund a
future business. Think realistically about where you could obtain the money if you were
actually preparing to start a business.
Research Your Funding Options
Research at least three different funding options. Start by looking at programs available
through the Small Business Administration (SBA). You should also research a traditional bank
or credit union and compare its business loan options with SBA financing. Look at actual interest
rates, repayment periods, fees, qualification requirements, and the amount you could potentially
borrow.
You may also explore online lenders,harrypotter,investors, crowdfunding, personal savings, or other
realistic sources. As part of your research, talk with a friend or family member about whether
they would hypothetically consider lending you money for a future business. Ask how much they
might be willing to lend, whether they would charge interest, and how quickly they would expect
to be repaid. You are not actually asking them for money. The purpose is simply to compare
informal borrowing with traditional business financing.
Compare Your Options
Present your research in a comparison table. Your table should make it easy to compare the
amount available, interest rate, repayment period, estimated monthly payment, total repayment
amount, and major advantages and disadvantages of each funding option.
After comparing the options, explain which funding source or combination of sources you would
actually choose. Consider not only where you can get the money, but also the cost of borrowing,
monthly payment, financial risk, repayment period, and any other important requirements.
Here is an example of a table:
Funding
Source
Amount
Available
Interest
Rate
Repayment
Period
Monthly
Payment
Total
Cost Advantages Disadvantages
SBA
Loan
harrypotter
Bank
Loan
Other
Option
Create Your $50,000 Funding and Payment Plan
After completing your research, develop a realistic plan showing exactly how you would obtain
the $50,000. You can use one funding source or combine several sources, but your total must
equal $50,000.
Next, create a payment plan. Determine how much you would borrow from each source, the
applicable interest rate, the length of repayment, and your estimated monthly payment. Calculate
approximately how much you would repay in total and how much the financing would ultimately
cost you.
For example, you might decide to obtain $30,000 through an SBA-backed loan, $10,000 from a
family member, and contribute $10,000 of your own money. Your plan should explain how the
borrowed portions would be repaid hredrose
Evidence of Research
Your recommendations must be supported by real research rather than estimated or made-up
information. Include direct links to the SBA, banks, credit unions, lenders, or other funding
sources you researched. You should also provide screenshots showing important information
such as current interest rates, loan terms, fees, or requirements.
Include your calculations showing how you determined monthly payments and total repayment
costs. If you spoke with a friend or family member, briefly explain the terms they hypothetically
offered you.
Requirements
Your written analysis should be approximately 2-3 pages. You must research at least three
funding options and create a final funding plan totaling exactly $50,000.
The goal is to determine how you could realistically fund a future business while
understanding how much that funding would actually cost you and what obligations come
with it.
Grading
Criteria Excellent Good Needs Work Incomplete
Funding
Options, 15
pts
13–15 pts Clearly
researches at least
three realistic
funding options and
provides relevant
information for
each.
10–12
pts Includes three
funding options,
but some
information is
limited or unclear.
6–9 pts Includes
fewer than three
complete options or
provides very
limited research.
0–5 pts Funding
options are
mostly missing
or not adequately
researched.
Evidence &
Calculations,
15 pts
13–15 pts Provides
clear supporting
evidence, such as
links, screenshots,
rates, loan terms,
and accurate
payment
calculations.
10–12
pts Provides
evidence and
calculations, but
some information
or calculations are
missing.
6–9 pts Provides
limited evidence,
and calculations are
incomplete or
unclear.
0–5 pts Provides
little or no
evidence or
calculations.
Comparison
& Final
Decision, 20
pts
18–20 pts Clearly
compares the
options and
provides a strong
explanation for the
final $50,000
funding plan.
14–17
pts Provides a
good comparison
and explains the
final funding
choice, but could
provide more
detail.
8–13
pts Comparison is
limited, and the
final decision needs
more explanation.
0–7 pts Provides
little or no
comparison or
does not clearly
explain the final
funding decision.
Total 50 points
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