A business plan seeking loan funding appears different from a proposal you’d offer to potential investors. Lenders are interested in your business strategy, but their main worry is the financial prognosis of your firm, as well as when and how you plan to repay the loan.
If you’re putting out a strategy for lenders, be sure to include the following:
- Loan amount
- Loan purpose
- Personal credit score
- Business credit score
- Time in business
- Industry
- Entity type
- Business licenses and permits
- Employer identification number (EIN)
- Proof of collateral
- Annual business revenue and profit
- Bank statements
- Balance sheet
- Personal and business tax returns
- A copy of your commercial lease
- Disclosure of other debt
- Unpaid invoices and bills
- Ownership structure
- Legal contracts and agreements
Please keep in mind that each lender may want different materials, and some may require even more than what is specified above. To avoid any delays during the loan review process, make sure you contact us before submitting your application by calling or sending Whats App message to 09057306576 or submit all the information concerning any of the above business plan/proposal grant for a perfect job directly to a writer through this Get Started link and whats App us .Our professional writers will attend to your business needs.
