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Business Plan
What needs to be submitted with a business plan for a small business loan?

I've finally finished my business plan but need to know if there is anything else I need to submit with my application for a small business loan. This is a startup so I don't really have any other documentation to submit. Any info is appreciated!

I completed a 128 page Bus. Plan a few years ago. After taking 6 months to research and 6 months to put together I finally did it. Everyone (banks, sba, ect.) said for a small business startup I really blew them away. Later I found out that I could have gotten away with about half. Here is a basic list of what I included.
1. A written resume, not just a time line. Out lining your accomplishments.
2. A synopsis of your business. Be very creative. Include Designs of the inside and outside of your establishment if it is going to be a retail sales. Basicly how the building will impact purchases
3. Research. In your own words. keep copies of all articules and include them in a seperate area for reference for the investors. Include Graphs to help them visulize things. This helps during the stage when you meet with the investors
4. Marketing/ Advertising. How do you plan on doing this. Newspaper Ads. Radio Spots, TV Spots, Internet, ect. Show researching proving the best posible approach and how these people are going to be reached. The cost assoc. with this and what percent of your budget you will dedicate. Dont forget for retail you will want to include traffic counts
5. Demographics. This is more for retail. How lives where, How much do they make, ect. show research that proves the demographics match the demographics that utilize your type of bus.
6. List of all equipment or materials including opeining inventories need with quotes on costs.
7. Operating Capital. How much, how did you come to this number.
8. Pro Forma, Month to Month of all costs and revenues with economic indicators showing what percentage of revenue will be generated in that month compared to the overall year.
9. Money. how much do you need xxx for equipment, xxx for operating cost, xxx initial inventory, xxx buildout of the building or real estate. What you have put into the business so for. And how do you plan to pay it back. 5yr loan at 8% with a balloon payment in 3yrs. Operating Capital Loan will be on line of credit with no payments due for the first year. You get the picture.
10. Employees. how many, who are they, what is there requirements to work for you. are there key employees that you know are going to work for you, if so include there resume.
11. Business references. people who are known and respected in the community. Also include people who have already agreed to purchase your product or service. Have them write a nice letter outlining the agreement. This will help prove your revenue.
12. A Personal financial statement. you can get one from any bank. Of course try to chose one from one your going to use.
13. A copy of your credit report. They will pull their own but this helps show that you have done everything. And if you seek private money they will appreciate that you did this easy step.
14. News clippings or Periodical articles that prove your case. That the business you are venturing into is good
15. A copy of a list of all research. web sites, ect.
I would suggest that you place all of your personal financial info into a separate binder. So if you want to show it you can with out devulging everything. Then if there is real interest you hand it over
Bind everthing in a nice hard plastic cover. Office Depot does a nice job for a low cost. Spend the money for color copies on quality paper. Make extra copies. Banks will need two. Private investors will need one and always ask for a second. you will want to keep one. But its always great to have two extra copies. you will need it in a hurry and wish you had it.
Good Luck

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