What You Need For A Small Business Loan | Fox Small Business Center

Business Plan: Anyone looking to secure a small business bank loan should have a business plan. The document provides a detailed explanation of what the business is and where the owner hopes to take it.The business plan should include: Executive Summary: A one-page explanation of the business, its goals, operations, marketing efforts, and revenue model is very important. In fact, it may be the only portion of the business plan that a loan officer will bother to read, so be sure that it is succinct. Business Description: What does the company do? How will it make a profit?
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