Preparing an effective, well-documented commercial loan proposal is the first step toward getting the money your business needs from a bank.
Your small business loan proposal will often be the first contact a banker has with your company. So you need to craft a document that presents your business in the best possible light.
The goal is to persuade the banker that you’re ready and able to make a success of your business and repay the loan.
Your business plan is key
The key part of proposals for small business loans is the business plan. Take the necessary time to do a thorough job of preparing it, ensuring it covers the following sections.