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.
This business enterprise, is based in Burkina Faso and is specifically into co-packing of agric produce. The business first started with buying produce, packing and selling. They now saw a gap in the market where they could also do packaging of produce for clients who did not have the wherewithal, while still working on their brand. They needed a business plan to achieve this, and also to obtain a loan to fund the expansion. We had our meetings and delivered beyond expectation. The client had this to say... "They are the real deal. They will read your mind literally. I first worked with another person who did a horrible job, and Mr. Abyarigbabu and his team just gave me faith again in the process. They went above my expectations. Don't go with someone just because they are cheap. Look at their reviews. And they did an amazing job. I am very happy with the delivery. I barely had revisions . Thank you so much ." - Rihana Traore (CEO)Read more
De' Eric Fisher, is a visual anthropologist, who runs a small business that provides audio visual storytelling expertise, e.g., Filmmaking, music production, etc. He approached us to write a business plan in order to present a professional plan of action to enable him access funding for his small business. We delivered on the job and he had this to say... "This has been one of the most successful experiences that I've had buying an online service. I was approached and treated with professionalism throughout the entire process, and most importantly, I received very high quality content of which I can be confidently proud to present. I will be sure to use this company's polished services for my future business endeavors. Highly recommended!"Read more
A Louisiana style daiquiri shop/bar soon to be launched in Lake Elsinore California by owner's name who has gained extensive experience in the alcohol industry from helping his father open a similar daiquiri shop in Baton Rouge, La. He reached out to us to develop a business plan and financial plan to secure a loan through SBA or from financial institutions to support the business establishment and growth. We developed and delivered a concise and detailed business and financial plan from the little information given by the clientRead more
Victoria sought us out for a professional business plan. In her own words, she was open to feedback from us, as we were the experts. The plan was for a Healthcare business offering wound care services to nursing homes/assisted living facilities. She also had plans to expand. She was very knowledgeable about what she wanted and gave very concise information during our brainstorming sessions, even though she was very open to our expert advice. She was one very satisfied customer, who had this to say; "I really enjoyed working with Aby Arigbabu and his team - they are extremely knowledgeable, professional, prompt, have strong business acumen, and are adept in financial planning and forecasting. Although I provided details about my specific business industry/specialty, I was particularly impressed that they quickly learned and researched all the relevant data that was important to my business becoming successful. They included details that I had not even considered - I was simply blown away at the end result. I could not have accomplished this undertaking without their help - I am very gratefuL. I would certainly use their service again, and would recommend that you reach out today for their expertise. Thank you." - Victoria N. Bartley (Founder CEO)Read more
Michelle Clark is a clinical pharmacist who runs a company that specializes in procurement of FDA approved pharmaceuticals, PPEs and medical devices. She wanted a business plan primarily to seek an SBA loan, as she wanted to expand globally. She also wanted a working document in case she needed to show it to investors. She was not disappointed. She got all she wanted and probably more. As a satisfied client, she had this to say; "This looks so professional Aby! I love the graphics! I'm so impressed! Well worth the wait. I can't tell you how impressed and satisfied I am with your work. How can I send you a tip?" - Michelle Clark (Founder)Read more
TThis client, Hanna Jeff wanted a business plan for a startup business visa. She also needed it as a working plan as well as a financial plan. This plan was for an online clothing business that aims to use part of the proceeds for charitable causes that bring people closer. Being a plan for a business visa, there was certain information that we had to be sure was contained in the plan. We delivered a professional business plan to a satisfied client who had this to say; "Excellent service. Very detailed business plans. I would definitely use the service again." - Hanna Jaff - FounderRead 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
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
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.