How to use of business plan in small business and finance from banks & financial

Jump to Last Post 1-7 of 7 discussions (7 posts)
  1. profile image54
    HKGposted 14 years ago

    How to use of business plan in small business and finance from banks & financial institutions.

  2. dipless profile image69
    diplessposted 14 years ago

    Hi I have wrote a variety of hubs on this topic, you can check out my hub:

    http://hubpages.com/hub/Business-Plan-S … an-Writers

    this has detailed advicce on busines plans and links to further sources of information hope it helps.

  3. profile image53
    iplannerposted 14 years ago

    A smart way is to put your plan work online (securely, for a selected persons).
    A most modern business plan software apps have dedicated websites for every plan. So all you have to do is to develop your plan and then send the URL to the bankers, venture capital folks..
    Here is a tool your migh try: http://www.iplanner.net

  4. chinweike profile image60
    chinweikeposted 14 years ago

    making sure that your business plan contains all the necessary ingredients of a business plan is a sure way of getting banks and other financial institutions to path with their money. In addition to having a bankable business plan, other soft factors needs to be taken into consideration.
    I won't provide a link here, but, a quick look at my profile would give you access to some hubs on business plan that i have written.
    Cheers!

  5. profile image51
    Admoveoposted 12 years ago

    It can be really difficult to obtain money from financial institutions based on a business plan alone. The problem arises when you have someone with no commercial experience trying to make a decision on your plan.
    One of the biggest factors the decision maker will look at is risk - risk that any money they invest will not be returned. When looking at risk the main factor the bank will be interested in is:
    - Your experience in this business
    - The amount of money you are investing vs how much you are asking for

    The last point is particularly important - if you arrive at the bank asking for a large sum of money but you have no security / you haven't invested any money yourself than you are unlikely to succeed.

    In short, no matter how good your plan is, the bank will want to know about what you as an individual will bring to the business.

  6. Poshbytori profile image68
    Poshbytoriposted 11 years ago

    Getting a loan from the bank or SBA for a small business is near impossible.  I was approved for $800k 2 years ago through the SBA, which is almost unheard of.  You basically need to be able to show a very thorough business plan.  Already having a business is incredibly helpful, as well as having assets for your first business. 

    I also took the time to write sincere letters explaining how the loan would allow me to grow, thus allowing me to employ more people, help the community and so on. 

    posh-by-tori.com

  7. BizVT34 profile image67
    BizVT34posted 10 years ago

    Actually small business loans from the Small Business Administration (SBA) loan guaranty program are quite easy if you meet a couple of criteria. First your business plan has to make sense. You'd want a sensible plan regardless of borrowing money, right? Second, you need to be able to prove that you have a history of personal responsibility. If you're behind on your student loans or child support payments the Small Business Administration is unlikely to approve the loan. Check my Hubs if you want real life stories of people getting SBA loans.

 
working

This website uses cookies

As a user in the EEA, your approval is needed on a few things. To provide a better website experience, hubpages.com uses cookies (and other similar technologies) and may collect, process, and share personal data. Please choose which areas of our service you consent to our doing so.

For more information on managing or withdrawing consents and how we handle data, visit our Privacy Policy at: https://corp.maven.io/privacy-policy

Show Details
Necessary
HubPages Device IDThis is used to identify particular browsers or devices when the access the service, and is used for security reasons.
LoginThis is necessary to sign in to the HubPages Service.
Google RecaptchaThis is used to prevent bots and spam. (Privacy Policy)
AkismetThis is used to detect comment spam. (Privacy Policy)
HubPages Google AnalyticsThis is used to provide data on traffic to our website, all personally identifyable data is anonymized. (Privacy Policy)
HubPages Traffic PixelThis is used to collect data on traffic to articles and other pages on our site. Unless you are signed in to a HubPages account, all personally identifiable information is anonymized.
Amazon Web ServicesThis is a cloud services platform that we used to host our service. (Privacy Policy)
CloudflareThis is a cloud CDN service that we use to efficiently deliver files required for our service to operate such as javascript, cascading style sheets, images, and videos. (Privacy Policy)
Google Hosted LibrariesJavascript software libraries such as jQuery are loaded at endpoints on the googleapis.com or gstatic.com domains, for performance and efficiency reasons. (Privacy Policy)
Features
Google Custom SearchThis is feature allows you to search the site. (Privacy Policy)
Google MapsSome articles have Google Maps embedded in them. (Privacy Policy)
Google ChartsThis is used to display charts and graphs on articles and the author center. (Privacy Policy)
Google AdSense Host APIThis service allows you to sign up for or associate a Google AdSense account with HubPages, so that you can earn money from ads on your articles. No data is shared unless you engage with this feature. (Privacy Policy)
Google YouTubeSome articles have YouTube videos embedded in them. (Privacy Policy)
VimeoSome articles have Vimeo videos embedded in them. (Privacy Policy)
PaypalThis is used for a registered author who enrolls in the HubPages Earnings program and requests to be paid via PayPal. No data is shared with Paypal unless you engage with this feature. (Privacy Policy)
Facebook LoginYou can use this to streamline signing up for, or signing in to your Hubpages account. No data is shared with Facebook unless you engage with this feature. (Privacy Policy)
MavenThis supports the Maven widget and search functionality. (Privacy Policy)
Marketing
Google AdSenseThis is an ad network. (Privacy Policy)
Google DoubleClickGoogle provides ad serving technology and runs an ad network. (Privacy Policy)
Index ExchangeThis is an ad network. (Privacy Policy)
SovrnThis is an ad network. (Privacy Policy)
Facebook AdsThis is an ad network. (Privacy Policy)
Amazon Unified Ad MarketplaceThis is an ad network. (Privacy Policy)
AppNexusThis is an ad network. (Privacy Policy)
OpenxThis is an ad network. (Privacy Policy)
Rubicon ProjectThis is an ad network. (Privacy Policy)
TripleLiftThis is an ad network. (Privacy Policy)
Say MediaWe partner with Say Media to deliver ad campaigns on our sites. (Privacy Policy)
Remarketing PixelsWe may use remarketing pixels from advertising networks such as Google AdWords, Bing Ads, and Facebook in order to advertise the HubPages Service to people that have visited our sites.
Conversion Tracking PixelsWe may use conversion tracking pixels from advertising networks such as Google AdWords, Bing Ads, and Facebook in order to identify when an advertisement has successfully resulted in the desired action, such as signing up for the HubPages Service or publishing an article on the HubPages Service.
Statistics
Author Google AnalyticsThis is used to provide traffic data and reports to the authors of articles on the HubPages Service. (Privacy Policy)
ComscoreComScore is a media measurement and analytics company providing marketing data and analytics to enterprises, media and advertising agencies, and publishers. Non-consent will result in ComScore only processing obfuscated personal data. (Privacy Policy)
Amazon Tracking PixelSome articles display amazon products as part of the Amazon Affiliate program, this pixel provides traffic statistics for those products (Privacy Policy)
ClickscoThis is a data management platform studying reader behavior (Privacy Policy)