Loan Business Programs
The SBA offers a variety of programs to small business owners: The 7(a) SBA Loan Program, export loans, rural business loans, Community Advantage loans, the Express and Pilot programs, microloans, and the CDC 504 Loan Program. These bank loan plans are designed to assist small businesses with gathering working capital; buying land or a building; paying for repairs, new construction or expansion; and purchasing supplies, equipment, fixtures, machinery, furniture, or materials. The programs can also assist those looking to purchase an existing business.
But no matter which loan program or bank a client chooses, a well-written SBA business plan is a requirement. The SBA requires a business plan that includes certain key features to be submitted along with the application for its programs. A strong, carefully thought out business plan showcases your commitment to your concept and demonstrates your willingness to put in the time and effort needed to provide your business with a firm foundation.
From compelling, in-depth market research to detailed financials, a Wise Business Bank Business Plan includes everything necessary to support your bid for bank funding.
The Bank Business Plan is about 25-30 pages in length, including color charts and graphs, and consists of the following components: