Business plan proposal
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Learn how to put together a business plan to obtain a small business loan. 50409 image by pablo from Fotolia. When you are a small business owner heading off to ask the bank for a small business loan, one of the first documents the loan officer typically asks for is the business plan. Therefore, it is important to know how to simply write a business plan for a loan. A viable business plan illustrates to the loan officer that you have organized your thoughts and gone through the process of thinking the business out. Typically, the business description is about one page and describes where your business started, the reason it exists and gives a glimpse of which direction you want to move in. Provide a professional biography for each manager and fully describe their role in your business.
Also, mention any positive contributions the experience and knowledge of each manager has brought to starting and growing your business. Include a full description of each product or service you offer your customers and prospective customers. Include online and offline strategies, such as employing a public relations campaign for your monthly business events and placing banners on the websites of professional groups that your target audience belongs to. Provide financial sales projections and expenses for at least three to five years. Be conservative and truthful when making these projections. Since you may not business plan proposal the full picture until after you have compiled the plan, it is usually best to write this page last. Include the business name, address, phone number, website and email address.
How to present a business plan
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About the Author Kristie Lorette started writing professionally in 1996. She earned her Bachelor of Science degree in marketing and multinational business from Florida State University and a Master of Business Administration from Nova Southeastern University. Her work has appeared online at Bill Savings, Money Smart Life and Mortgage Loan. How to Simply Write a Business Plan for a Loan. How to Simply Write a Business Plan for a Loan» last modified August 02, 2017.
Copy Citation Note: Depending on which text editor you’re pasting into, you might have to add the italics to the site name. What Is a Business Plan Template? How to Get a Loan to Start a Business? We write Business Plans that raise capital for new and growing ventures. Our team of MBAs, charted accountants, industry experts and technical writers is focused on getting your venture funded via the highest quality business planning process available, one that considers you as a priority client.
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