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Business Plann:
Most of the following items should already be in your
business plan. If not, consider adding them.
-
 Business
history: Give a brief description and history of
the business, when it started, ownership, number of
persons employed and products.
- Personal history:
Describe yourself, emphasizing your work experience
and reasons why you feel qualified to operate and run
your business.
- Management resumes:
Describe the education, technical training, employment
and business experience of each of your managerial
employees.
- Financial
statements: Provide balance sheets, including
current balance sheet, for the past three fiscal
years. Also include a revenue and expense statement
for the past three fiscal years, including a statement
for the current period.
- Personal financial
statement: Supply a personal financial statement
for each officer, principal or stockholder with 20
percent or more ownership, showing their net worth
outside of the business.
- Debt: List
installment debts, contracts, notes and mortgages
payable, showing to whom payable, original amount,
original date, present balance, interest rate,
maturity date, monthly payment, security and whether
current or delinquent.
- Income tax returns:
Provide copies of federal income tax returns for past
three years.
- Accounts receivable:
Show amounts due you, from whom and original date.
- Loan proceeds:
State amount of loan requested and explain exact
purposes for which it will be used.
- Collateral:
List collateral to be offered as security for the
loan, with your estimate of the current market value
of each item.
Earnings projection: Prepare a detailed projection of
earnings.
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