Need Help? From my own experience of working in the community banking sector, I can wholeheartedly say that a lackluster or inaccurate business plan is the easiest and quickest way to get your SBA application refused.
Business Plan Outline — An in-depth look at how to create an individualized business plan with tools to make it easy. The summary should set the stage for your plan, tease the reader as to its contents, and succinctly touch on key targets business and financialand your plans to achieve them.
If you're looking for more resources to help you get started, this guide on how to write a business plan is a good place to start.
Some time with your accountant can be invaluable at this stage. Try to think of it, not as a document, but as a living, breathing process that grows as your business grows.
But a business plan is more than that, it plays a functional role in your path to success. So take some time to assemble cash flow projections and statementsbusiness credit reports, three years of tax returns, and additional financial statements balance sheet, profit and loss statement, bank statementsaccounts receivable and payable.
Appendices and Documentation These are the documents that support your business plan and your application. Business plan template — review of two formats and their content from SBA.
The Business Objectives You need to know what your core business objectives are, both in the short and long-term. Here's how to get the most out of a sample plan: Choose a sample plan from a similar type of company You don't need to find a sample business plan that's an exact fit for your business.
Use a sample as a guide Every startup and small business is unique, so you'll want to avoid copying a sample plan word for word.