A business plan is a document that lays out a company’s strategy and, in some cases, how a business owner plans to use loan funds, investments and capital. It demonstrates that a business is ...

In my experience, your business plan is a requirement for many bank loans and SBA-underwritten loans. Many entrepreneurs I work with think the bank is looking for a certain level of perfection.

When you are a small business owner heading off to ask the bank for a small business loan, one of the first documents the loan officer typically asks for is the business plan.

Startup loans tend to small – according to the Federal Reserve Banks’ 2025 Main Street Metrics report, 46 percent of firms with two years or less in business sought loans under $50,000.

Navigating the complexities of business loan repayment requires a strategic approach. Understanding the nuances between personal and commercial loans, accurately projecting financials, and ...

When you write a business plan for a loan, you should include a company overview, market analysis and financial statements, among other components.

A business plan is a document that explains what a company’s objectives are and how it will achieve them. It can address marketing, financial, and operational objectives.