Need a business proposal for borrowing money? This is the point of most non-operational business plans, so you're in the right place. But in order to show that you should be lent money for a business venture, you have to ensure the lender that you will be capable of servicing the loan over the life of the business and reaching break-even in a reasonable amount of time. The business plan for borrowing money should therefore include a three-year pro forma financial model that illustrates your likely revenues and anticipated expenses. It needs a sales forecast, break-even illustration, profit and loss statement, cash flow table, balance sheet, and a sensitivity assessment showing what will happen if sales exceed or miss projections. Also address these business issues:
• What risks do you face in starting/expanding the business?
• Who will you sell to and how solid is that market?
• What promotions and advertisements can you run to ensure repeat business?
• Who besides yourself will be involved in the business?
These are not the only questions that your business plan should answer but they are some of the most important. You won't be able to borrow money – either from an individual or from a bank – without showing a convincing market opportunity and a sound roadmap for growing the business so that the loan can be repaid through profits. MasterPlans has written a wide range of business plans for people seeking capital, both existing businesses and pure start-ups, and our team of financial modeling experts and writers/researchers can help you prepare the proposal you need in as little as 10-14 days. Call a consultant to discuss your needs today – toll-free 877-453-2011.
