• You are 40 years old and would like to start a small business making and selling gourmet chocolates from a shop in a large shopping complex. You think you will need an additional $20,000 to pay for start-up costs and ongoing financial requirements for the first year, at the end of which you expect the business to be self-supporting. You hope to repay the $20,000 and all interest over a five-year period. You have a good credit history.

• 1 Undertake your own research to find out the terms and conditions of a bank loan or other type of bank finance which would be suitable for your needs. Describe the type of finance you have chosen, its conditions, and why you have selected it. (75100 words)

• 2 Describe the main terms and conditions and explain how these would have an impact on the business. (75100 words)
• 3 Calculate the cost of the finance in dollar terms.

please answer each question respectively.