Kid's Business Set-up Loan 

Phase 1

Our Kid's Business Set-up Loan provides the money for kids to go into business in www.kidse-marketplace.com . 

We will (lend) give you the money to get you started with you paying us back from money that is earned in your business.

How to Apply:

Send us an e-mail with the following information.

1. Your name  (you are the applicant for this loan)

2. Your age

3. A parent or guardian's name. (You are not a guarantee for this loan)

4. Your e-mail address (if you are under 13 years of age - please have a parent contact us at contact@teachingkidsbusiness.com with approval for you to contact us and provide your e-mail address to us)

5. e-mail address of a parent or guardian. 

6. State or Province/Country

7. What is the name of your business that you plan to open in www.kidse-marketplace.com?

8. What is the name of the product you are planning to launch in www.kidse-marketplace.com?

9. What do you expect to learn from setting-up a business?

10. What do you feel are your strengths that will help you set-up your business?

11. Give examples of business experience you have?

12. What have you learned from businesses you have bought things from?

13. Do you have other people helping you set-up your business and what is their roles?

14. How many times do  you expect kids to look at your product in Phase 1 of  the marketplace on an annual basis - how many times will your product be looked at in a year?

15. How much do you expect to sell your product for in Phase 2 of the marketplace when your product will be sold?

16. How many units of your product do you expect to sell - a unit is a copy of your product as an e-mail?

17. What do you expect to do with the money you make from your business?

18. How would you explain www.kidse-marketplace.com to other kids?

19. Why should kids get interested and started in business?

20. How would you improve www.kidse-marketplace.com?
    

Sent the application to loans@teachingkidsbusiness.com 

Subject : Kidse-marketplace.com Set-up Loan Application

Please answer all 20 questions and number each response.

Example:

1. Jeff Brown

2. 13

Terms of the Loan:

Amount: 

The loan will be in the amount of $20.00 ($U.S. for US residents, $Cdn. for Canadian residents and $U.S. for international residents)

Interest:

5% per year - there will be a charge of  interest on the loan. This is the cost to your business for using our money. The interest cost for one whole year is $1.00. This is the amount you will have to pay to use our money.

Term: 

The loan will last for 1 year from the time the loan is confirmed by e-mail.  We have the right to cancel the loan at any time do to breach of rules posted in www.teachingkidsbusiness.com 

Fees:

There will be an administrative fee of $5.00 for the handling of your loan. This will be added to the loan amount ($20.00 + $5.00 = $25.00) and paid as part of the repayment terms.

Repayment Terms:

The loan, interest  and fees will be repaid from the sales generated from your product in www.kidse-marketplace.com. The amount of money collected from the sale of your product will be used to repay the loan. Once the loan, interest and fees are repaid, you will receive the net proceeds of the money generated from your product as outlined in Phase 2 of the marketplace. (estimated at 40% of the proceeds - sales of the product). If you do not generated money from your product, you will not have to repay your loan.

Special Conditions:

1. All applicants must be kids under the age of 17.

2. All products submitted by the applicant to be entered into www.kidse-marketplace.com must be accepted by the administrators of the marketplace. If the product is denied then this loan is withdrawn and cancelled.

3. This loan has been applied for by e-mail. The act of sending the e-mail confirms the acceptance of the terms of this agreement and the appropriate approval to enter this agreement.

4. This loan is not transferable.

5. Only one loan per person.

6. Security for this loan is the online business operating in www.kidse-marketplace.com and does not include any assets of the applicant , parent or guardian of the applicant.

7. This loan is part of a business learning program for kids and is intended to give kids an opportunity to go through a realistic business and set-up financing experience.

8. The terms of the loan are subject to change and will be posted on this website.

9. There is one exception to this loan and that is that you will not loose any money. If your business does not generate the sales needed to cover the loan, interest and fees, you will not have to pay anything.