Planning your business is the first step toward building your dream business. Without a business plan, no financial institution can consider the applying business for financing. If this is your first time starting a business, you can tap R. Randy Veillon’s 30+ years in the lending industry and his former experience as a Louisiana Small Business Loan Program Manager and put it to work for your business.
How banks view the business plan
The business plan reveals your business strategy. It explains in logical terms why the lending institution and other stakeholders should support your business. You begin where you currently are in terms of resources and capabilities. Your plan maps out how you plan to get to your goal, which is a point in the future 3-5 years from now, at which time your business will have a different set of resources and abilities as well as increased profitability and greater assets. The business plan shows how you will get from here to there.
Before the plan can be approved, you may also need assistance in determining in advance what your financing with your business plan. We can help you cover that ground, as well.
Get the right start. VBC can help.
Begin the process below: