What is the primary purpose of preparing a startup cost report before meeting with a lender about funding your new electrical contracting business?

A startup cost report is considered complete for funding discussions once an electrical contractor has accurately summarized all expected launch and early operating expenses, even if revenue projections are omitted.

You are preparing a startup cost report to present to a local bank for an initial business loan. Match each component of the report to the specific way it helps the loan officer evaluate your new electrical contracting business.

Analyze the logical progression a lender follows when using a startup cost report to evaluate a new electrical contracting business. Arrange the following steps in the correct order, from reviewing the initial data to making a final assessment of financial viability.

You are evaluating a draft startup cost report prepared by your business partner for an upcoming meeting with a potential investor. The draft exhaustively lists $45,000 in early operating expenses and tool purchases, but it intentionally omits the projected revenue assumptions because your partner feels early sales are too hard to predict. You must advise your partner that the report is currently inadequate for funding discussions because, without those revenue projections, the investor cannot evaluate the requested capital against the electrical contracting business's ability to become ____.