Question: Using the information below, provide a prospective financial outlook for the next five years. $3,000,000.00 Loan for the next 5 years with a 5-year term
Using the information below, provide a prospective financial outlook for the next five years.
- $3,000,000.00 Loan for the next 5 years with a 5-year term and interest rate of 7%.
- $1,250,000 will be spent on the purchase and upkeep of new facilities and storage spaces to increase food distribution.
- $600,000 for the expansion of nutrition education programs for hiring staff
- $300,000 for community outreach
- $850,000 for general operational expense
Collateral: To ensure payments are made in a timely manner without repercussions on our end, we can offer one of our facilities, which is fully furnished and outfitted with state-of-the-art equipment that allows us to run a successful, efficient operation, valued at $1.2 million, as well as one of our distribution warehouses valued at $750,000.
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