Writing a business plan for foreign banks can be a tricky affair. Before drafting anything, you should inquire with a prospective lender in that country to learn about any specific guidelines, regulations, or requirements that would make a lending plan in their country markedly different from an SBA-ready document common in the US. In most industrialized nations, particularly in the western hemisphere, the format and expectations in a bank-level plan are approximately the same. The U.S. Small Business Administration sets its own guidelines for what business plans need to show in the states, and most likely, this can function as a sort of template for making a plan for a foreign bank.
• Your business plan should include:
• A comprehensive list of your services and products
• A market analysis that shows your customer base
• A look at the trends impacting your industry in that country
• A marketing section proving you know how best to promote your business
• A pro forma that models your sales and expenses
For the pro forma, it is important to take into account anything specific to the nation you'll be operating in. What lending requirements/issues are there (payback schedules, interest rates) that you should show your business fulfilling? What is the national tax rate? Are the permitting or regulatory issues you need to prove you'll be in compliance with? Make sure the break-even point is reasonable and timely and your assumptions are in line. If you're lost or want to talk to the professionals about this project, call MasterPlans today and tell us what foreign nation you're talking about. With our team's expertise and the hundreds of international business plans we have written successfully, there could be a great synergy between our team and yours. (877) 453-2011.
