Sample Business Planning Format
sample business planning format
business loans and Business Planning
When looking for a business loan, most financial institutions will require that you have a properly prepared business plan that showcases your business, your usage of business loan funds, the industry in which you are operating within, how you intend or how you will continue to market your business, and the expected financial results of the business over the next three to five years. It is always preferable to have a five year financial projection in your business plan when you are applying for a business loan. As we have discussed through our other articles, banks and finance companies have increased their lending standards significantly, and by providing a full five year financial statement – you will show them a level of seriousness and professionalism that is not often provided by other business people.
As an example format, your business plan for a business loan should be formatted in this manner (this is not a steadfast rule):
- Executive Summary
- Usage of Debt Funds
- Products/Services Offered
- Corporate Organization and Management Biographies
- Economic, Industry, Customer, and Competitive Analysis
- Marketing Plan
- Personnel Budgets and Head Count
- Financial Plan
In regards to your financial plan, you should have a standard profit and loss statement, common size income statement, cash flow analysis, balance sheet, breakeven analysis, and business ratios page. The sample business plan available on LookingForBusinessLoan.com provides you with all of the tools that you need to draft an appropriate business plan.
As we have stated before, it is very important that your business plan or prepared financial statements are reviewed by a certified public account prior to submitting a business loan application. This individual can ensure that there are no factual or material errors on any of the documents that you have produced or have had a third party produce on your behalf.
About the Author
LookingforBusinessLoan.com is a specialty website that provides content that focuses on the needs of small business owners and people seeking start up business loans. We encourage you to visit our website if you are looking a for business loan.
How to write a formal business letter?
I am planning to send business letters to a few companies to introduce the firm I am working for, but currently have no idea how to write one, or about the format I should use. If it is possible, could you share a sample letter?
Here are some main points in writing any kind of letter, may it help you as you constructing one!
1. Subject Line Request – let the reader know what you are requesting.
2. Brevity – Don’t let your letter go on for page after page. Keep it as short as possible.
3. Personal – Let the reader get to know you and your circumstances / request.
4. Clarity – Get your points across in the clearest possible way and then provide a summary.
5. Information – Make sure you leave nothing out of your letter. Attach important information
6. Be Appreciative – The person reading this letter did not get you into this mess but he or she is the one that can help you out of it. So be thankful and humble in your tone.
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