Business Plan Africa Investor-Ready Plans

SummitPentagon Premier Roofing Business Plan — Appendix C: Funding and Debt Schedules

Facility-by-facility drawdown, interest and amortisation schedules across SBA debt, equipment finance and lines of credit.

Appendix C: Funding and Debt Schedules

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C.1 Sources of funding
C.2 SBA Microloan through a CDFI intermediary — $50k at 9.5%
C.3 Equipment finance, first crew truck and trailer — $78k at 10.5%
C.4 Line of credit, working capital — $64k at 11.5%
C.5 Equipment finance, second crew — $102k at 10.5%
C.6 Line of credit, drawn for the second crew ramp — $159k at 11.5%
C.7 SBA 7(a) term loan, Year 3 expansion — $250k at 10.8%
C.8 Equipment finance, third crew and commercial kit — $120k at 10.5%
C.9 Equipment finance, fourth crew — $124k at 10.5%
C.10 Equipment finance, fifth crew — $58k at 10.5%
C.11 Combined debt service

C.1 Sources of funding

Source	$’000	Drawn	Rate	Basis
Owner equity	165	Year 1	—	—
SBA Microloan through a CDFI intermediary	50	Year 1	9.5%	6-year amortising
Equipment finance, first crew truck and trailer	78	Year 1	10.5%	5-year amortising
Line of credit, working capital	64	Year 1	11.5%	Revolving
Equipment finance, second crew	102	Year 2	10.5%	5-year amortising
Line of credit, drawn for the second crew ramp	159	Year 2	11.5%	Revolving
SBA 7(a) term loan, Year 3 expansion	250	Year 3	10.8%	10-year amortising
Equipment finance, third crew and commercial kit	120	Year 3	10.5%	5-year amortising
Equipment finance, fourth crew	124	Year 4	10.5%	5-year amortising
Equipment finance, fifth crew	58	Year 5	10.5%	5-year amortising
Total funding raised	1,170
Supplier trade credit at Year 5	346	Not drawn	0.0%	30 to 52 day distributor terms

C.2 SBA Microloan through a CDFI intermediary — $50k at 9.5%

$’000	Year 1	Year 2	Year 3	Year 4	Year 5
Interest	2	5	4	3	2
Principal repaid	—	8	8	8	8
Closing balance	50	42	33	25	17

C.3 Equipment finance, first crew truck and trailer — $78k at 10.5%

$’000	Year 1	Year 2	Year 3	Year 4	Year 5
Interest	4	8	7	5	3
Principal repaid	—	16	16	16	16
Closing balance	78	62	47	31	16

C.4 Line of credit, working capital — $64k at 11.5%

$’000	Year 1	Year 2	Year 3	Year 4	Year 5
Interest	4	7	7	7	7
Principal repaid	—	—	—	—	—
Closing balance	64	64	64	64	64

C.5 Equipment finance, second crew — $102k at 10.5%

$’000	Year 1	Year 2	Year 3	Year 4	Year 5
Interest	—	5	11	9	6
Principal repaid	—	—	20	20	20
Closing balance	—	102	82	61	41

C.6 Line of credit, drawn for the second crew ramp — $159k at 11.5%

$’000	Year 1	Year 2	Year 3	Year 4	Year 5
Interest	—	9	18	18	18
Principal repaid	—	—	—	—	—
Closing balance	—	159	159	159	159

C.7 SBA 7(a) term loan, Year 3 expansion — $250k at 10.8%

$’000	Year 1	Year 2	Year 3	Year 4	Year 5
Interest	—	—	13	27	24
Principal repaid	—	—	—	25	25
Closing balance	—	—	250	225	200

C.8 Equipment finance, third crew and commercial kit — $120k at 10.5%

$’000	Year 1	Year 2	Year 3	Year 4	Year 5
Interest	—	—	6	13	10
Principal repaid	—	—	—	24	24
Closing balance	—	—	120	96	72

C.9 Equipment finance, fourth crew — $124k at 10.5%

$’000	Year 1	Year 2	Year 3	Year 4	Year 5
Interest	—	—	—	7	13
Principal repaid	—	—	—	—	25
Closing balance	—	—	—	124	99

C.10 Equipment finance, fifth crew — $58k at 10.5%

$’000	Year 1	Year 2	Year 3	Year 4	Year 5
Interest	—	—	—	—	3
Principal repaid	—	—	—	—	—
Closing balance	—	—	—	—	58

C.11 Combined debt service

$’000	Year 1	Year 2	Year 3	Year 4	Year 5
Loans and facilities drawn	192	261	370	124	58
Total interest	10	35	67	88	88
Total principal repaid	—	24	44	93	118
Total debt service	10	59	111	181	206
Loans outstanding	192	429	755	785	725
Less cash	(45)	(57)	(200)	(264)	(520)
Net debt	147	372	555	521	205
EBITDA	(110)	(63)	40	237	532
Debt service cover	n/m	n/m	0.36x	1.31x	2.58x
SBA 7(a) minimum	1.10x	1.10x	1.10x	1.10x	1.10x

Previous sectionB. Appendix B: Capital Schedules

Next sectionD. Appendix D: Risk Register