How to Write a Business Plan for a Loan
Need money to start or grow your business? Lenders require business plans to consider your application for funds to start or grow your business. We can create your business plan for you. Put your best foot forward by allowing us to prepare a winning loan proposal for you. Our business plans have a high likelihood of success because they’re created from the lender’s perspective.
Business plan characteristics and sections
Lenders often want a classic business plan structure as part of your loan application. You have space to include complete information about your firm in this thorough layout.
Executive Summary
The executive summary serves as a marketing tool for your company. High-level details about you, your firm, your management group, your staff, your physical location, and your financial situation might be included. You can also include your mission statement here.
The company overview is a section where you can highlight your company’s advantages. If you didn’t describe the issues your company will address in the executive summary, do it now. Describe any subject matter expertise on your team as well as your competitive advantages. You can also enter specific information about your company, such as its founding date, legal form, and history.
Company overview
Services and Products
Show how people need what you’re offering in this part. Describe your goods and services and why clients would find them useful. List any patents or copyrights that apply here.
Here, you can show that you’ve done your research and highlight your knowledge of your field, the present situation, emerging trends, your target market, and your rivals. You can include information about your target market, such as the places you’ll look for clients, the methods you’ll use to sell to them, and the means through which your goods and services will be provided to them.
Market Analysis
Marketing and sales plan
You can spend a whole section to marketing plans if you didn’t address them in your market study section. The key purpose is to provide details on how you plan to attract your clients and create a client base. Additionally, you can describe the procedures followed in the sale and delivery of your good or service.
The physical requirements of running a firm are covered in the operational plan section. This could include things like location, facility needs, equipment, cars, inventory requirements, and supplies, depending on the kind of business you run. Details on production objectives, deadlines, quality assurance, and customer service may also be included.
Operational Plan
Management team
This section outlines the structure of your company. You can provide a list of the management group, the company’s owners, the board of directors, and consultants, together with information on each one’s background and intended role. An organizational chart is also appropriate here.
Here, you should describe the loan amount you desire and the intended use of the money. You can include information on how the funds will be used. Include a plan for repaying the debt as well.
Funding request
Financial Statments
Financial statements can show a lender that you have the potential to repay the loan while also indicating the company’s financial health. Include income statements, cash flow statements, and balance sheets for the past three to five years, both actual and expected. Consider include an expense analysis and a break-even analysis as well for an existing business. Explain your projections when using predicted statements for a new business. In this case, graphs and charts might be helpful visual aides.
Free resources available to anyone
A free, self-paced business plan writing course is available from the Small Business Administration, or SBA. Additionally, SCORE, a nonprofit association and SBA resource partner, provides free support with a step-by-step template that can be downloaded to assist entrepreneurs in creating a business plan and mentors who may review and improve your plan in person or virtually.
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Bank Financing
Need money to start or grow your business? Lenders require business plans to consider your application for funds to start or grow your business. We can create your business plan for you. Put your best foot forward by allowing us to prepare a winning loan proposal for you. Our business plans have a high likelihood of success because they’re created from the lender’s perspective.
You can get the money you need because we know what the banks want to see including:
• Executive Summary: Where we concisely state the purpose of the loan, the exact amount of money required, an explanation of what the loan will be used for, and why it’s needed.
• Pro-forma Cash Budgets and Financial Statements: We use your data and underlying assumptions to prepare information that your banker can easily read and understand.
• Owner’s Personal Financial Statements: We calculate your net worth to show the lender your assets and liabilities in an easy to read format.
Our Promise: Total Customer Satisfaction
Suncoast CPA Group is a full service CPA firm dedicated to providing our customers with total satisfaction by our dedication to the highest quality of
service delivered with a genuine sense of warmth, friendliness, individual pride and Company Spirit, in a manner exceeding expectations.
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