$95,000 loan from family
$28,250 small business loan from bank
All loans to be repaid in 10 years
I will use 30% of my budget ($123,250) to rent business space and pay for utilities. An investor has increased my budget by $18,250, and does not need to be repaid. Rather, he becomes part owner of my business.
Will the investor contribute enough money to meet the cost of rent and utilities? I need help with an equation or inequality that illustrates an answer. Thanks!