Problem
1. Any future funding requirements over the next five years
2. How you intend to use the funds you receive, e.g. Is the funding request for capital expenditures? Working capital? Debt retirement? Acquisitions?
3. Strategic financial situational plans for the future, such as a buyout, being acquired, debt repayment plan, or selling your business.
• Amount
o Now
o Future
o Period each request covers
o Type of funding (e.g., equity, debt)
Given information: Financial Status, Goals, Projections, and Needs: Currently, we are in the pre-launch phase and seeking initial funding to develop our app for resources for children of parents with special needs. Our projected revenue for the first three years is expected to grow steadily, with a focus on expanding our subscriber base and forming strategic partnerships. We are seeking $500,000 in funding to cover development costs, marketing expenses, and initial operating costs.