How to Write a Business Plan

ChApter 5 | YOUR RESUME AND FINANCIAL STATEMENT | 91

Personal Financial Statement

LiABiLiTiES & NET WORTH

Credit Cards and Revolving Credit Accounts
Name of Creditor Amount Owed
VISA (Bank of Centerville) $ 1,600
American Local 290

Total Credit Cards and Revolving Credit Accounts $ 1,890

Unsecured Loans
Bank (or other lender) Terms Amount Owed
Merchant’s Bank interest only quarterly at prime + 2%, due 9/1/xx $ 5,000

Total Unsecured Loans $ 5,000

Loans Secured by Real Estate
Bank (or other lender) Terms Amount Owed
Bank of Centerville First trust deed and note on personal residence: $ 87,583
Fixed rate (10%); 30 years ending 20xx
Abner Small Mortgage on unimproved lot; monthly interest
only at 18%, to be paid off January 1, 20xx 10,000

Total Loans Secured by Real Estate $ 97,583