Does anyone have a winning HI business plan “sample”? I’d like to ensure I’ve thought of all the appropriate angles.
Thanks!
Greg
Don’t miss anything. Don’t change anything once you list it. Work 7 days a week if need be. Describe what you see to the client, not what you think it should be. Tell it like it is and don’t over do it. Don’t let the agent tell the client what you are trying to explain. Don’t over spend!!! Track you expenses and keep good records for the tax man if need be. Good Luck…
I would like a sample as well. I am thinking of an SBA loan to expand my sole proprietor business.
Mark,
This is exactly why I need a war-proven, well…SBA-proven plan.
Greg
you have to be turned down by at least 2 banks for sba to consider you.
Can you show us where that is the case?
http://www.sba.gov/services/financialassistance/sbaloantopics/index.html
added…
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Financing A Business
[FONT=verdana, arial][size=2]Please choose a question and select or press the enter key to reveal/hide the answer. To view both question and answers in this area follow this link. http://app1.sba.gov/faqs/images/search_button.gif1. How do I apply for a SBA Loan Guarantee?
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SBA has three different loan programs. Each of the programs is designed to cover a variety of business, needs, thus providing the most options to small businesses. (More on SBA’s Loan Programs: http://www.sba.gov/financing/sbaloan/snapshot.html ) As the programs are delivered by SBA’s partners and are not direct loans from SBA, businesses should consult their District offices or contact the lending partners in their area before filling out any applications. Contact a local lender and discuss your loan proposal with one of their loan officers. Be prepared to discuss your proposal in detail with the lender. You should have the following available for the lenders review: your business plan; your personal financial statements; your business financial statements (if already a business); collateral available to secure the loan; assumptions used in your projected earnings statements; management resumes of those involved in operating the business; and pro-forma balance sheets showing what the business would look like if the loan were granted. Be prepared to discuss your proposal in detail with the lender.
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In order to get a 7(a) loan, the applicant must first be eligible. Repayment ability from the cash flow of the business is a primary consideration in the SBA loan decision process but good character, management capability, collateral, and owner’s equity contribution are also important considerations. All owners of 20 percent or more are required to personally guarantee SBA loans. For more information, see:http://www.sba.gov/financing/sbaloan/7a.html
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