1. What would be the collateral? Where is it located?
Located in Guam
Piece of land from each owners (Research how many acres and how much)
0.4591218 acre=1858 square meter=$50,000(Total)
0.06558882839524778 acre=265.42857142899998735 square meter=$7,142.86 (Divided into 7 members)
Reference: https://www.hrguam.com/properties/property-21-2432-pulantat-road-yona-gu-96915
2. What would be the market value of the collateral?
1. Discuss briefly the overall Guam’s economic condition and how this will affect the proposed business.
2. Discuss the intended purpose of the loan (Is this for start-up, working capital, and/ or purchase of equipment?)
The purpose of the loan is for start up & purchasing equipment. (https://pos.toasttab.com/blog/on-the-line/how-to-start-a-coffee-shop)
Start up:
Renovate (https://www.posist.com/restaurant-times/restro-gyaan/8-key-tips-successfully-renovate-restaurant.html)
Water Source -(600-1,000 gallons per day) & Utilities =$500 monthly (GPA)
Marketing/Promotions: $120 Banner (SignMaker, Tamuning)
Equipment
Tables with benches $210 (Home Depot)
Set of 4 Bar stools $412 (Home Depot)
Espresso Machines $48.00 (Alibaba)
Coffee Grinders $33.00 (Alibaba)
Coffee Brewer $17.99 (Amazon)
Blender $65.00 (Amazon)
Refrigerator $3,058 ( Home Depot)
Restaurant POS System $200 (NCH Software)
Compartment sink $554 (Home Depot)
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