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Tailoring a business plan to attract lender capital

On Behalf of | Mar 24, 2015 | Business Formation & Planning |

A business owner in Colorado may know that a business plan might be essential to running a focused organization. It is also a useful tool when attempting to get investment capital or a loan from a bank. When writing a business plan with an eye on getting a loan, there is key information that might help the lender make an informed decision.

First, it is important to show that the business plan reasonably projects how much money it needs and that it can repay the loan. Therefore, business owners may want to project both personal and business cash flow as well as outline how much debt the business has currently. Next, the lender will want to see what experience the business owner has with handling profits and losses.