Things To Include In Your Business Plan to Get Approved for Financing

When asking and applying for financing, you will need a copy of your?business plan-?is yours thorough and complete? Lenders are looking for specific information in applicants’ business plan- here are a few:

History

Your business plan needs to include historical information regarding your company, including how long it has existed and what growth has been like.

Revenues

Additionally, if you are asking for money, prospective lenders will want to know about your own revenues. How do you make your money? What do you offer customers? This is all pertinent information for your plan.

Be prepared to show lenders detailed financial statements regarding your revenues, assets, and debts, too. This is critical to being approved for financing- as most lenders are looking for borrowers that have some financial stability to ensure they don’t default on their payments later. (Click Here To Learn More)