Bank Requirements For Business Plan

Are you looking for information about a bank’s requirements for a business plan? 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’s requirements for a business plan will vary slightly from one bank to another; though, a bank’s requirements are in line with most investors and the business community. 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 a highly important consideration. Also, if you are able to put up collateral (assets of the business), it will improve your chances. 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

If you need a business plan to present to the bank, Capital West Advisors is available to help. Capital West Advisors has been working with entrepreneurs and small businesses since 2006 and has developed several hundred business plan. Contact us at (888) 300-3090 for a more information and a free consultation.