What are the terms and conditions of the funding (e.g. interest rate, repayment schedule, equity stake)?

The terms and conditions of funding for a small business or startup can vary depending on the funding source and the specific agreement between the lender or investor and the borrower or business owner. Some common terms and conditions include:

1. Interest rate: The interest rate is the percentage charged by the lender on the amount borrowed. It can be fixed or variable and can vary depending on the risk profile of the borrower.

2. Repayment schedule: The repayment schedule outlines the amount and frequency of payments the borrower must make to repay the loan. It can be structured as a lump sum payment, periodic payments or a combination of both.

3. Equity stake: If the funding source is an investor, they may require an equity stake in the business in exchange for the funding. This means the investor would own a percentage of the business and would share in its profits and losses.

4. Collateral: Some lenders may require collateral as security for the loan. This could be in the form of assets such as property, inventory or equipment.

5. Guarantees: In some cases, lenders may require a personal guarantee from the business owner or other parties to ensure repayment of the loan.

It's important to carefully review and understand the terms and conditions of any funding agreement before accepting the funds.