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.
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
Is an existing boutique hotel located in Johannesburg, South Africa. The business was founded by Gabriel Leavell that intended to expand its services by introducing Kin by Daze House which offers cooking classes and dining experience for events. The founder approached us to get documentation to help secure funding for business operations and we developed a more refined business plan, financial plan and pitch deck which research and statistics specific to his target market. After going through the submitted documents, he had this to say: "Needed a business plan quick but with deep research and I was not disappointed. They did an amazing job!" - Gabriel Leavell (CEO)Read more
Ashanti Jaha, and her mother, who are registered nurses and curvy clinicals, decided to set up an online store which retails medical scrubs that will adequately meet the needs of curvy women and millennials in the medical profession. Our clients, who intend to operate the business in Atlanta, Georgia, required the business a business plan and financial plan in applying for business license as well as government grants to finance the business. She approached the team to prepare these documents in line with business regulations in the market with emphasis on it Unique selling proposition and aggressive marketing strategy that will be utilized to create renowned brand awareness. She had this to stay about the final results; "Just wow! Abyarigbabu was great. He took the little I gave him and handed me a multi- million dollar business plan, literally. I picked the 5 year option and I am extremely impressed and even more excited to get the ball rolling with my business."Read more
A mixed-use space that will operate as a nightclub at night and restaurant during the day offering guests a luxury experience. The client reached out to us to develop a business plan, financial plan and pitch deck with extensive market research for the business to operate in Baltimore Maryland. The requirements were to be used in securing loan or investment in addition to the owner's personal funds. Although the client gave very scanty information, the team was able to develop a unique business plan, financial plan and pitch deck that showed that the business will be successful as well as profitable.Read more
John Efe Agbude, the CEO of Kidrend approached us to develop a comprehensive and convincing business plan and a 5-year financial plan for his educational communication app which he intends to launch in Nigeria. He emphasized the great importance of the documents as they were to be presented to potential investors to access funding. As a team well enlightened about the African market and the increased acceptability and usage of mobile applications, we delivered documents that exceed his expectation and he had this to say; "Working with them shows so more respect for the wealth of knowledge they have for the nature of my business, it shows that they actually did their homework, i know this because i have a little knowledge of the subject matter and they went above that so am grateful that i choose them.thank you" - John Efe Agbude (CEO)Read more
Upon request from Victor Adu to develop a business plan for TunTum, a secured learning platform for educational institutions to issue and verify official digital records. The team accessed the business core objectives to determine the business profitability and acceptance through on-ground research that produced incredible results. Upon completion, a business plan and pitch deck was developed utilizing the immeasurable knowledge and information gotten from potential end-users. The results presented to the CEO was met with the outstanding review below; "Aby was a complete delight to work with. He helped me build an awesome pitch deck for my business to pitch to a couple of Silicon Valley VCs; of which, I have gotten invitation to come back to their headquarters to discuss more, with hope of some positive outcome. My solution to the problem was super complicated, but he patiently listened, and offered concise and concrete responses in a clear articulative manner. What Aby and his team did that really took it over the top, was the fact that they went above and beyond to do extensive customer development and market research surveys to verify, and or, refute our initial assumptions, to only present objective data on the deck. Highly recommend!" - Victor Adu (CEO)Read more
Is a startup real estate company looking at the smaller apartment/complex market in Addis Ababa, Ethiopia. Initially, the business will allow Ethiopians in diaspora to leverage debt-capital to develop small-to-medium scale apartment complexes with Scandinavian Design. Abel Solomon, the founder, is a young entrepreneur with depth in economics, transportation, and project management. Abel wants to debt-finance the business and one of the requirements from the bank is to present a robust business plan. Abel reached out to us and this is what he had to say after delivering a representative business plan and financial projection: "They did an excellent job! The result exceeded my expectation by far. Highly recommended!!" He sought ETB 100-200 million (USD2.51-5.01 million) to kick start this business.Read more
Sean's wife and partner already contacted another company to develop their business plan, but Sean was determined to work with us, so he ordered our premium business package. Being the CEO of a startup tech company, he understood the relevance of research and the importance of financial modeling and he needed a company that could work with him on a high level. We did not just work with the information he gave, but also went above and beyond to help organize and clarify the business model and revenue generation strategies for his truly unique dating app. On delivery, he said, "super detail.. great patience... good communication.. awesome response time"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.