PROJ403 - Loan Proposal New Food Caf 1622 Main Street...

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Loan Proposal New Food Café 1622 Main Street Carmel, Indiana Submitted to Grand National Bank Indianapolis, Indiana Loan Proposal The purpose of this proposal is to request a loan in the name of the New Food Café, in Carmel, Indiana. This loan is needed to provide funding for expanding the current location. . New Food Café is a combination deli and bakery that has thrived in its first two years of operation. However, most of our business is limited to takeout due to the lack of table space. Recently the storefront next door to our current location has become available. The monthly operating costs are within the budget of the New Food Café, but we do not have the capital on hand to renovate the new property. We anticipate the renovation will require approximately $23,000, and that is the amount we are requesting as a loan. Following is a list of expenses we foresee in regards to the renovation: Demolition $10,000 Construction $10,000 Decorating $ 2,500 Total $22,500 Since opening in March of 1994, the New Food Café has consistently increased revenues
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PROJ403 - Loan Proposal New Food Caf 1622 Main Street...

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