If you searched "bank requirements for business plan", you probably are interested in knowing the requirements to secure a bank loan. The majority of banks will require a business plan to any start-up or early-stage company looking for a loan.
The banks that will give a loan to start-up or early-stage company are typically backed by the Small Business Administration.
A bank, as any investor does, requirements for a business plan are that it contains the core sections of a business plan, has detailed information, and well-developed strategy. Along with the business plan, your credit will be an important consideration. The components that a bank typically requires for a business plan are the following:
- Company Description
- Growth Strategy
- Products & Services Section
- Market Analysis
- Profile of Direct Competitors
- Competitive Analysis
- Marketing Plan
- Management Section
- Operational Plan
- Financial Plan