Dwayne is seeking financial assistance for his business and needs to include a statement of funding requirements in the business plan.The statement of funding requirement should include all of the following EXCEPT ________.
A) term of the loan
B) personal credit history
C) type of funding needed
D) amount of capital needed
E) an exit strategy

Question

Quizplus · Accepted Answer

While personal credit history may impact the likelihood of obtaining funding and the terms of the loan, it does not belong in the statement of funding requirements. The statement should focus on the specific details of the funding being requested, such as the type of funding, amount needed, term of the loan, and exit strategy.

Dwayne Is Seeking Financial Assistance for His Business and Needs