To Help Investors Know About Your Business Before any investor makes the plunge to help you fund your businessthey will want to know what it is that your company does.
LLCowners and members information for partnerships and corporationsand any successes you've had to date in your business.
After the market-centered section comes the section where you explain how your goods or services will provide solutions to the needs you described. You have a great idea for starting a new business or expanding your current one.
Now all you need is the funding to put your dreams into action. The Small Business Administration suggests thinking as far as five years down the road when putting your funding request together.
If you have plans to sell the business, let the lender know that and how it will affect them. Current Financial Situation Again, you've provided some financial information in the Financial Data sectionbut it doesn't hurt to summarize.
This is where the financial section of your plan will work hand in hand with this one.
Finally, address anything that might affect your ability to repay, whether positively or negatively, such as being acquired, buying out another business, relocating, etc. Provide financial details such as income and cash flow statements, and balance sheets. By Randy Duermyer Updated March 09, The good news is, this section of your business plan is only needed if you plan to ask for outside funding for your home business.
If the funding request is for a loan that requires collateral, document what you have to offer. Here are examples of business plan funding proposals created using Proposal Pack:.
Add your Exit Plan if submitting to an investor.