Thinking about writing an Sba small business plan? You've come to the right place –if you're in the process of developing a business plan for a Small Business Administration-backed loan through your local bank, you should know that they require specific elements in your business plan. While some bankers may require specific data or details, the SBA has a set of guidelines that you should follow to secure one of their loans. The following are the basic elements that the Small Business Administration requires all entrepreneurs to include in their SBA small business plan, and they are organized in chronological order:
• A description of your business, including personnel and operating procedures
• Marketing information and a competitive analysis
• Financial data, including loan applications, capital equipment, a balance sheet, pro-form income projections, and a three-year summary
• Supporting Documents, including tax returns, proposed lease or purchase agreements, and other legal documents
Be forewarned: this list is not comprehensive. For complete list of all the components the Small Business Administration requires, you should visit their website at www.sba.gov. If you are still worried, however, about including all the elements that the Small Business Administration requires a SBA small business plan, you may want to hire the professional business plan writers at MasterPlans to help. As the leaders in the business plan writing industry, we've developed thousands of business plans for the SBA and other lenders. For more information about how we can help you – and a free consultation – give us a call at 877-453-2011. Don't wait!
