It is pre-populated with expense categories common to many small businesses and home-based businesses, so it can be very useful in helping you identify all of your start up costs, including many you may not have considered.
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. You can write a business plan simply and quickly if you gather your information and assemble it in a logical manner.
Company Description Explain how you started your business and any evolutions the business has gone through since it began.
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. Organization and Management List out each of the managers involved in the business.
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. Service or Product Line Describe the products or services you are selling.
Include a full description of each product or service you offer your customers and prospective customers.
Marketing Strategies Describe the marketing strategies you intend to implement to bring awareness of your products or services to your target audience. 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.
Financial Projections Once you paint a picture of what business you are in and who the company serves, it is time to show the loan officer the financial picture. Provide financial sales projections and expenses for at least three to five years.
Be conservative and truthful when making these projections. Executive Summary Even though the executive summary is the first part of a business plan and one of the most important parts, you may want to write it last because it is an overview of everything the business plan contains.
Since you may not have the full picture until after you have compiled the plan, it is usually best to write this page last. The executive summary contains a description of your business goals and the strategies you intend to employ to achieve your goals and should be compelling enough to interest a bank loan officer into wanting to read the rest of the plan and consider giving you the loan.
Include the business name, address, phone number, website and email address.A Sample Private School Business Plan Template Are you about starting a private school (nursery, primary or high school)?
If YES, here’s a complete sample private school business plan template & feasibility report you can use for FREE. It is useful for the business companies so that they can allocate the resources in an efficient manner. With the strategic action plan template, one can create a schedule to complete the job within the stipulated time frame.
Business Plan Template Free Business Plan Template Download. While no business plan is like another, they do all need to provide specific information.
For a new business, a business plan helps improve your chance of securing financing and investment. Established businesses should review their business plan and update it regularly in order to provide direction for growth.
Our business plan template will help you to create a business plan easily. Executive Summary Holey Moley’s food truck concept logo Summary. The purpose of this business plan is to secure a $50, three-year Bank of America loan to fund the purchase and marketing of a food truck restaurant (Holey Moley LLP) in downtown Washington, D.C.
Holey Moley was founded by Pat Jabroni and Mickey Jordan, Mexican food chefs and connoisseurs, in In its simplest form, a business plan is a guide for your business, a roadmap that outlines goals and details how you plan to achieve those goals. It is used to keep you on track (internal use) and to support any applications you might make when seeking investors, or .