business plan template word

What is a business loan proposal?

Posted on July 8, 2023

Starting a business can be the start of pursuing a lifelong dream. But turning a dream into reality requires putting your ideas on paper — especially if you want to secure a small business loan from a lender. In most cases, lenders will request prospective business owners to present a business loan proposal. This relatively straightforward document informs the lender why you believe your business would be a good investment worthy of a loan. Think of it as a pitch for why you should get the loan and how you plan to repay it. Key Takeaways A business loan proposal…

Best business plan software of 2023

Posted on May 11, 2023

The best business plan software makes it simple and easy to plan your business finances in order to present them to a bank or investor. The whole point of a business plan is that it allows you to evaluate your strengths and weaknesses, not least via your Unique Selling Point (USP), and make product or service comparisons with competitors. Of course, even the best business plan depends on estimates and guesses, as it’s impossible to predict market changes, developments, and future performance under such conditions. Ultimately, though, a business plan will demonstratively prove why your business is a solid enough…