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BACKGROUND AND DESCRIPTION
I have been employed as a bartender and a waiter for well over 3 years now and have gained the confidence and experience to open up my own sports bar. Throughout my experience, I’ve come to realize that bars, particularly sports bars, offer people of all types to come in and unwind, especially after a hard day’s work.
Ray’s Sports Bar will captivate the Downtown Jamaica Queens community with all brand-new equipment such as large and medium-size HDTV screens with HD cable, 2 billiard tables, a video game area, and state-of-the-art furniture and stools. Aside from liquor, various menu options will also be served such as pizza, burgers, sandwiches and appetizers. Due to the nearby college and corporate office buildings, Ray’s Sports Bar will capture the market which consists of lots of college students and professionals of all sorts in the neighborhood. I will be running this business with 2 other associates (both whom are also licensed and experienced with bartending and serving food) and will rotate shifts accordingly.
PURPOSE OF LOAN
The proceeds from this loan will be enough to cover all start-up costs which include:

• minor renovations: $2,000.00
• purchasing of equipment: $23,000.00
• leasing costs and other fees: $5,000.00

Aside from the main equipment such as TV’s, billiard tables, dining tables and furniture, kitchen equipment will be needed which includes 1 large freezer, 1 ice machine, 1 stove and grill area, 1 commercial dishwasher, storage cabinets and shelves, cooking tools and cutleries. Other minor necessities include glassware, glass racks, compartment sinks, ice bins, etc., and OFCOURSE the liquor (beer, wine and liquor).
MY FINANCIAL OVERVIEW
I am currently still a bartender and waiter and also play music professionally part-time around the city in which I work “off the books.” I reside with family which makes it easier for me to contribute a share to the rent, as opposed to carrying all the load on my shoulders. To better describe my financial situation, below is a detailed analysis of my monthly expenses.

P.S. I’D LIKE TO THANK IN ADVANCE, ALL THOSE WHO WISH TO SUPPORT MY BUSINESS VENTURE, AND THE BEST OF LUCK TO EVERYONE ELSE ON THIS WEBSITE! THANKS AGAIN…!

INCOME $600.00/wk (AS BARTENDER {$350.00/wk} & WAITER {$250.00/wk})
+ $500.00/wk (AS PART-TIME MUSICIAN)
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SUB-TOTAL = $1,100.00/wk
x 4wks
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TOTAL = $4,400.00/month
INCOME
RENT - $450.00/month (reside with family w/ partial rent contribution)
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FUNDS AVAILABLE = $3,950.00
UTILITIES & - $125.00/month (personal contribution)
CABLE
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FUNDS AVAILABLE = $3,825.00
INTERNET - $60.00/month
SERVICE
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FUNDS AVAILABLE = $3,765.00
TELEPHONE - $80.00/month
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FUNDS AVAILABLE = $3,685.00
CHILD SUPPORT - $568.00/month
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FUNDS AVAILABLE = $3,117.00
AUTO LOAN - $235.00/month (personal contribution)
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FUNDS AVAILABLE = $2,882.00
AUTO - $170.00/month (personal contribution)
INSURANCE
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FUNDS AVAILABLE = $2,712.00
CREDIT CARD - $150.00/month (combined payments)
DEBT
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FUNDS AVAILABLE = $2,562.00
PERSONAL & - $900.00/month
OTHER
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FUNDS LEFT FOR = $1,662/MONTH
SAVINGS AND
LOAN PAY-OFF