|HubPages Device ID||This is used to identify particular browsers or devices when the access the service, and is used for security reasons.|
|Login||This is necessary to sign in to the HubPages Service.|
|HubPages Traffic Pixel||This 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.|
|Remarketing Pixels||We 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 Pixels||We may use conversion tracking pixels from advertising networks such as Google AdWords, Bing Ads, and Facebook in order to identify when an advertisements has successfully resulted in the desired action, such as signing up for the HubPages Service or publishing an article on the HubPages Service.|
How to use of business plan in small business and finance from banks & financial institutions.
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.
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
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.
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.
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.
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.
by ngureco3 years ago
How And Where Can You Get Money To Finance Your Small Business?
by Originplus8 years ago
I'm doing research on how to start up a small business. I need info on setting up a business plan does anybody have an idea , any good website or an example of a business plan. Anything in regards to starting a small...
by Cholee Clay4 years ago
My husband thinks it would be a great idea if I started looking into creating my own bakery. I do love to bake, and I create some crazy delicious cookies however I'm not sure I would be cut out for the baking industry....
by somebody knows 448 years ago
Everyday someone is creating a business plan, most of the time it is for someone else. In my last Hub I offered companies the opportunity to meet with a group of consultants that would help a small business create a...
by Tammy Love14 months ago
Hi Hubbers,I'd like some help with passing the Quality Assessment Process. Will you please give feedback on my Hub 10 Steps to an excellent Small Business Plan. What can I do to improve? Thanks!
by Chinweike7 years ago
As far as writing good business plan is concerned, it must have some vital ingredients. I will just post a few of them here and hope that people coming to this thread will finish the work(1) It must incorporate exit...
Copyright © 2018 HubPages Inc. and respective owners.
Other product and company names shown may be trademarks of their respective owners.
HubPages® is a registered Service Mark of HubPages, Inc.
HubPages and Hubbers (authors) may earn revenue on this page based on affiliate relationships and advertisements with partners including Amazon, Google, and others.