Loan to purchase new shaving machine

Entrepreneur

About Me

am a firsborn in a family of three, an O-level holder and a barber.
Being a barber is a talent that am proud of and during my school days i could shave my fellow students to raise my pocket money and still have little to spare.
With this little savings i was able to set up a barber shop after school.
My hobbies entail reading novels, listening to music and watching football.

My Business

My business entails shaving people at a fee.
Most people believe that having short hair or no hair is a keen to being smart.
My job is to help them achieve this
My typical costs include;
rent- $80
electricity bill-$20
county licence-$30
My revenue usually averages $270
I usually use the profits for my upkeep and purchase of new equipments.

Loan Proposal

With this loan i shall purchase another new hair shaving machine worth$90 and phone chargers worth $90
This will improve my business' efficiency and also ensure reliability.
This will enable the business to be able to serve more clients.
In addition, i will expand my revenue base by charging phones at a fee.
I project an increase in profits by at least 15%.

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Loan Info

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