Funders require much administrative information about the subject business to ensure that they have an accurate understanding of with whom they are getting into business. This information confirms that the subject is legally organized, qualified to do business in the jurisdiction, free of lurking problems, and a good investment opportunity for the funder.
The information covers a broad range of facts that are pertinent to the owner’s business identity and eligibility for financing. While this discussion may sound trivial, it’s the starting point for all proposal evaluations because it provides the funder with grounding, describing how the business is organized and the nature of its operation.
• Legal business name. The funder ...