Permit any proceeds of the Loans to be used for purposes other than general corporate purposes including acquisitions, to the extent permitted hereunder or permit any proceeds of the Loans to be used, either directly or indirectly, for the purpose, whether immediate, incidental or ultimate, of purchasing or carrying any margin stock within the meaning of Regulation U of the Federal Reserve Board, as amended from time to time, and furnish to any Bank, upon its request, a statement in conformity with the requirements of Federal Reserve Form U-1 referred to in Regulation U. Borrower shall use the proceeds of the Credit Extensions solely for a transaction fees incurred in connection with the Financing Documents, b for working capital needs of Borrower and its Subsidiaries, and c any other Permitted Purpose specified in the Credit Facility Schedule for such Credit Facility. No portion of the proceeds of the Credit Extensions will be used for family, personal, agricultural or household use. The proceeds of the Loans will be used only as provided in Section 2.
Originally founded as a sole proprietorship inthe marketing tactics employed by Children's World had grown to the level of being a family legend by Annual toy production of Children's World exceeded 86, units at this time, and major expansion plans were developed.
However, due to a slight downturn in the global economy, these plans have been shelved as projected profit levels have fallen to a near break even point in To revitalize the company, a rigorous program of research and development was undertaken in the early 's.
The first major breakthrough of which is ready for production. To be able to make maximum use of our proprietary breakthrough technology, Children's World needs to upgrade its existing facilities, as well as reevaluate the company's sleigh delivery system It is anticipated that a late model Cessna Citation could be modified to meet the operating requirements of Children's World.
In addition, several used cargo planes will need to be acquired to facilitate the development of large stockpiles of toys at strategic global locations.
A central hub system is being considered. Additional manufacturing upgrades are planned to facilitate the projected increases in manufacturing output. Some of the upgrades include the replacement of manual lathes with automated CNC machines, the installation of spray booths using the latest in electrostatic technology, computerized conveyor and sorting systems, and an upgrade in the Statistical Process Control SPC area of the Quality Assurance Department.
This loan will be backed by the full assets and inventory of the Children's World company. As the attached cash flows indicate, Children's World should be able to service the debt incurred by this loan application.
Timing of the loan and the market entry of the product will be critical, however, with the maximum value occurring from a November entry. It is wholly owned by Mr.
For the past 50 years, Children's World has experienced an increase in the public awareness of our year end close-out where we give away surplus inventory.
Because of this practice, the public has begun to think of us on a seasonal basis as a philanthropic organization. To alleviate this problem, we have just completed the development phase of a novel and proprietary product line that will once again place Children's World in the minds of the public on a daily basis.
Byour operation had produced 86, toys, and has operated profitably ever since. Concept The "state of the art" of the industry today dictates that toys are produced without ever being touched by human hands. Our new revolutionary product line capitalizes on the fact that our toys have traditionally been hand built by our local elf community.
Although our production methods are slow in comparison to other manufacturers, our quality levels are high while our costs are kept very modest.
This new product line incorporates a rare, refined essence known only to our advanced Research And Development Dept. This essence is well known in the animal community.
For instance, it is the reason why ducklings bond to the first animal they see after emerging from their shell commonly called "imprinting". These ducklings will not physically allow themselves to be separated, to any significant distance, from the "parent" animal for approximately six months.
When incorporated into our line of toys, this essence will create a bond between the recipient and the toy that will last for one full year! During this time, like the ducklings, the recipient who first sees the toy will not want to be separated from the toy to any significant distance typically less than fifteen feet.
To be effective and "imprint" on only the intended recipient, the entire channel of distribution must not be able to see the product.
This enigma was eventually resolved by the decision to place the product in an opaque wrapper, bag, etc. Compared to competitors products, the use of the "essence" will dramatically increase the recipients enjoyment of, and involvement with, our product line.
Using this innovation, a toy incorporating a female gender essence will bond most strongly with female recipients, and vice versa.Create a business plan to win investors (template) 06 Dec facebook google twitter linkedin.
Use a business plan template to create your business plan by adding the detailed information behind the pitch deck and executive summary outline. Use of proceeds: Describe how you will use the funding. Examples may include sales and marketing. Startup funding, business plan, strategic planning, employee policies, procedures, contracts, safety training handbook software apps and sample templates Start-up Costs / Summary Use of Proceeds + Industry-Specific Sample Plan Templates.
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PLANNED CAPITALIZATION - DESIRED FUNDING – USE OF PROCEEDS. The Company is seeking $2,, in first round financing, in the form of convertible preferred units, to fund production and testing of 3 full-scale prototypes.
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