As a startup or small business owner, you have this mind blowing idea or a
business model set to change the world, but now you need funding to make this happen.
Banks, SBA, and Moneylenders are some of the best options you have to get this
business up and running.
What typically happens here is that the entrepreneur is asked to submit the business plan and financials alongside other important documents such as the personal background statement, professional resume, personal credit report and score, business credit report, personal tax returns etc.
Your business plan must show the viability of your business and its ability to pay the debt back. We know what banks, SBA, and lenders want to spot in your business plan.
It typically covers about 50% of the entrepreneur documentation when applying for a loan because It comes with all the important financials such as the use of loan, the cost structure – both direct, variable and fixed costs and all financial statements (cash flow, income, balance sheet). It also comes with the debt repayment schedule which is a must as banks need to see a well laid out schedule of how money will be paid back with interest. We understand that no business plan is a one-size-fits-all document. That is why we don’t use templates. Each plan tailors to you and your lender. Our team of business plan experts guides you through the process and provides you feedback.
What the Bank, SBA or Money Lenders Want to See in Your Business Plan
This is a no brainer and is perhaps the most important section of any business plan. It is a very succinct overview of the company mainly covering why the business will succeed and why the reader should keep reading. It perhaps determines the fate of the business with the financier in less than 5minutes.
You want to prove that there is a big enough market ready to purchase or interact with the product or service. It involves the presentation and analysis of up-to-date statistics leading to why your product or service is or will be fit for the market
At the agreed interest rate, you must be able to present company’s ability to repay the loan from the operating profit within the specified repayment period. Failure to present this realistically may hinder the possibility of a loan approval.
You must be able to justify and adequately present a thorough breakdown of how the requested amount will be utilized. You may also want to present that you have enough skin in the game either by offsetting up to 25% of the amount needed showing that you have spent some money on the progress made to date.
The projected income and cashflow statements are arguably the most important sections in the financial model. More importantly, however, are the assumptions leading up to revenue and cost projections. Banks and the SBA also want to examine the liquidity of the business and the yearly financial health in the cashflow and financial position projections
This is especially true for new startups with no track record or prior financial successes. You must be able to showcase the skills and experiences of the individual members of your team and how these skills are relevant to your business operations.
Nour Sabri approached us to finalize his business plan, financial plan and pitch deck after two failed attempts. He requested for a killer business plan and investor pitch deck which he required to pitch his services to angel investors to access funding. The documents were prepared swiftly and efficiently with utmost confidentiality as the platform, BorrowMe which was still in development and was intended to enhance Peer-to-Peer (P2P) renting of underused items in the UAE. After a few reviews, we were able to deliver an unconventional, easy to read, concise, strong and investor ready documents which Nour was satisfied with and he left this review; "Excellent quality of work. Highly recommended to anyone looking for great value for money." - Nour SabriRead more
Kahlil had some investors who needed to see some documentation before investing in his ecommerce business and he came to us for a full investment business plan. The online marketplace is geared towards projecting the cultural richness of Tobago to the world. Notably, they are the first to allow foreigners to shop for products that are made in Tobago. Check www.madeintobago.com for much more than a shopping experience. The parent company, KGI, had spent between USD20,000 and USD50,000 and needed approximately USD100,000 to finance the ecommerce business. We were able to exceed their expectations and all Khalil could say was that: "They outdid themselves on this business plan, i came to Abyarigbabu at short notice and his team really came through for me" - Kahlil Isaac (CEO)Read more
Curtis Nelson, the CEO, began as a construction operations manager about a decade ago and is now transitioning into real estate. In the space of 2 years, Curtis has successfully run a pilot phase for his real estate agency in Wisconsin, USA. Asides from helping families build custom residential properties worth around $50 million in the past, Curtis intends to expand the business by building a business model that is web-based, where seamless transactions can be facilitated. The platform will offer realtors/individuals coaching and mentoring, and leads that they (agents) can follow through and close the deals. As at the time of preparing the business plan, Curtis had spent $20,000 from his personal purse and believes $155,000 would finance the expansion phase of the business. Hence, he contacted us for a professional business plan to guide in implementing their thoughts and ideas and to obtain a SBA loan.Read more
A platform ordering service (POS) mobile application was developed for Hamza Mubashir to secure an investment from potential investors in exchange for a 26% equity stake in the company. He needed the funds to fund the platform's development which was already in its MVP stage. We developed a business plan, financial plan and pitch deck specific for the business to operate in Florida which outlines the core USPs of the platform and its huge potential. "Amazing work, great to work with, fluent understanding all my needs and changes, communication level was amazing." - Hamza Mubashir (CEO/Founder)Read more
We were approached for a detailed business plan to describe the business activities of a private Hospital to be established in East Africa and also to secure equity funding. We did not get a lot of information, as the client believed we were professionals and could deliver. We did not disappoint. We delivered a concise and detailed business plan that the client was impressed with. He had this to say about us...."The cost of the business plan, financials and deck was very high compared others but I am glad I went with ''Abyarigbabu and his team'' I throw everything at them in terms of revisions on the financials and he just kept on making the requested revisions over and over again. Until we got it right, much appreciated. I WOULD HIGHLY RECOMMEND. The work was of a very high standard"Read more
Cher came to us to do a comprehensive business plan to be used to secure an SBA loan for her private salon and advanced learning facility in hair care. She needed the business plan to secure a low interest loan for start up costs and other expenses. Cher was one client who knew exactly what she wanted concerning her business. During our meetings, she was concise about her plans and that helped us deliver a top notch business plan with precise financials that met her expectations.Read more
A business plan, financial plan and pitch deck was developed by AfriPoint, a fintech startup looking to secure license and investment from either investors or financial institutions. The client wanted the document to show that the business will bring huge economic benefit to Gambia and Africa at large. So we capitalized on the business strength by emphasizing on their unique selling proposition and showed the business viability through extensive market research. The CEO, had this to say after reviewing the documents; "ok, don't even know what to begin with. Could not have asked for a better person to write the business plan. communication, presentation, understanding, detail, I can go on and on. We already had a chat with funders for the 2 million pound project and looking forward to getting the project funded." - Annas Bah CEORead more
This business plan was for an already existing eczema skin care business that was looking to expand by adding an online platform, to make it an ecommerce retail shop, to achieve a wider reach. Thiera, a busy mother, wanted a business plan to seek financial support from investors, serve as a road map for the business and provide insights into market forecasts.Read more
SBA loan and LoCs have an approval rate of 52%.
SBA loan interest rates are generally less than traditional bank rates at 4.39% - 13%
Business loans, credit cards, and LoCs account for 3/4 of financing for new firms.
Over 450 Bank/SBA loans business plans delivered
Real and verifiable loan approval success Testimonials
Over $500 million in debt financing sought by clients.