If your business plan is to be used in securing a loan, it's recommended that you incorporate the following additional information:
- State the type of business loan(s) you're seeking (e.g., term loan, line of credit or mortgage).
- Summarize the proposed use of the funds.
- Calculate the projected return on investment.
- Write a persuasive statement of why the venture is a good risk.
- Describe the loan requirements: the amount needed, the terms and the date by which it's required.
- State the purpose of the loan, detailing the facets of the business to be financed.
- Provide a statement of the owner's equity.
- List any outstanding debts. Include the balance due, repayment terms, purpose of the loan and status.
- Document your current operating line of credit-the amount and security held.
- List all pertinent information regarding your current lending institution: branch, address, types of accounts and contact person(s).
- List the names, addresses and phone numbers of your attorney, accountant and business consultant.