Capital Distribution, Business Loan and Repayment for Loan

The capital required for our business is RM 150,000.00. The capital that was shared was RM 100,000.00 and the surplus of RM 50,000.00 would apply for loan from the bank. The capital distribution of our company's business is divided into three parts, 40% of the general manager, 30% administrative manager and the excess 30% of the finance manager.

The table below shows the distribution of the percentage of distribution capital more clearly.

Position	Contribution Percentage (%)	Total Contribution Value (RM)
General Manager	40	40,000.00
Administrative Manager	30	30,000.00
Finance Manager	30	30,000.00
Total (RM)		100,000.00

Our company BC Poultry Sdn. Bhd would like to make loan from Agro Bank Berhad of RM 50,000.00 for the purpose of our business. AgroBank is an agricultural bank that offers several advantages to lenders especially to farmers. The advantages are :

• Multiple channels for banking transaction transactions through Agrobank branches throughout the country, ATM machines and Agrobank Banking Agent services.
• Extensive access to any retail trade using the Agro VISA Debit-i Card.
• Easy, secure online transactions through AGRONet Internet banking.

For repayment of the loan, the calculation of the period and amounts agreed upon are as follows:

·       Expected finish repayment          :10 years

·       Monthly payment                         :RM 692.00

·       Monthly interest of rate                :6.62%