Business Loans for Women - How Much Do You Need For A Startup Business Loan?

You need to estimate the costs of your business for at least the first several months.

You need to identify all the expenses that your business will incur during the start up phase and some expenses may be a one time occurence (such as incorporating your business or having a sign made). Some will be ongoing such as your utilities, inventory, insurance, etc.

Now what is essential and what is optional for expenses. For a startup loan only include the essentials. Fixed expenses which include rent, utilities, administrative costs, insurance cost and variable expenses, such as inventory, sales commissions, shipping and handling, and other costs that are directly related to the sale of your product/service.

Use a worksheet that lists all the categories of costs that you need to estimate. I will see if I can find a sample work sheet to post.