Business Plan Tips
for Funding
In my years as a small business lender, I noticed the many gaps in understanding how to prepare, and the purpose of business plans. I’ve seen many businesses with great ideas, without the understanding of how to effectively express that idea to a lending institution with their business plans. During my role as a community development commercial lender, I furthered my education in business administration in hopes to better educate startup and early-stage businesses seeking funding.
The purpose for this website is to provide supplemental business plan information with an explanation of how each component of the business plan supports lender confidence. I look to be an avenue to encourage the success of small businesses. All information on this page will be presented in an easy to read, relatable, and digestible manner.
Below we will outline the requirements of a business plan. Each section will have its own dedicated page to further breakdown the purpose, importance, and examples of how the business plan should complete. For more information, select the title of the section.
Business Plan Components
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Provide an overview of your business, mission, goals, and key highlights. Each section of the business plan may be alluded to in brief detail in this section and expanded in its respective section. Click Here for more information.
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Detail the business structure, history, location, and legal form. Click Here for more information.
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Examines trends, target customers, demographics, market size, and competitive landscape of the industry in total. Click Here for more information.
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Describes your team, leadership bios, organizational layout, and operating structure. Click Here for more information.
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Explains offerings, features, benefits, production process, intellectual property, and any unique details for your business. Click Here for more information.
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Outlines pricing, promotion strategies, distribution channels, customer acquisition process, and sales growth forecasts. Click Here for more information.
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Provide specific details for capital needs, use of funds, and describe how funding improves the business operations and/or the business model. Click Here for more information.
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Item descriptionWill include break-even analysis, and multi-year forecasts. Existing businesses will look to include income statements, cash flow, and balance sheets. Click Here for more information.
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Any documents that support the information provided in your business plan: including resumes, legal agreements, market research data, or product images. Click Here for more information.
I look for this page to be a positive promotion of small business growth and support. All businesses spotlighted have been mentioned by supporters of their businesses, and the selection will always be random. A Small Business Spotlight does not indicate any association with Pierre Lamou, nor will any payment be required to be listed.
Dad Joke of the Week:
“I wondered why the frisbee kept getting bigger and bigger. Then it hit me.”
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