Commercial Foods, Inc.
3003 Avondale Ave.
Knoxville, TN 37920
This plan demonstrates how a partnership can have a positive impact on a new business. It demonstrates how two individuals can carve a niche in the specialty foods market by offering gourmet foods to upscale restaurants and fine hotels. This plan is fictional and has not been used to gain funding from a bank or other lending institution.
Statement of Purpose
Commercial Foods, Inc. seeks a loan of $75,000 to establish a new business. This sum, together with $5,000 equity investment by the principals, will be used as follows:
- Merchandise inventory $25,000
- Office fixture/equipment $12,000
- Warehouse equipment $14,000
- One delivery truck $10,000
- Working capital $39,000
- Total $100,000
