We are estimating that Anthony, Christine and Sofia of Spotless Homes will need $27,100 to get their house cleaning service business up and running. The three owners will be contributing $10,000 of that amount from their personal savings and the remaining they anticipate obtaining in the form of a term loan from a bank.
The following is a breakdown of where the anticipated $27,100 will be spent during the course of getting ready to begin operations:
Anthony, Christine and Sofia are well aware that if their start up costs turn out to be more than $27,100 as projected, they will have to come up with the difference from their own savings. They are comfortable with this.
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