Do I Need A Business Plan To Acquire Business Loan?


2 Answers

Nicole Adam Profile
Nicole Adam , Marketing and Finance Blogger, answered

all traditional lenders require candidates to provide a written strategic
business plan that describes the character of the business, target audience,
character of competition, marketing strategy, and listing of likely expenses.
Lenders frequently require financial models and documents such as projected
income statement, balance sheet and profit statement.

thanked the writer.
Funding Easily
Funding Easily commented
As the answer here correctly puts across, almost all traditional lenders require a business plan, and more as well such as profit and loss statements, tax returns, and personal financials of the owner also at time and more. There are however loan options that do not require all this and can be processed with minimum paper work such as MCA loans.

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