Creating a business plan helps an NYBDC loan officer get insight into your business. It helps ensure that you communicate your vision and have a complete understanding of your business and its structure. It’s very important to be concise and accurately inform the lender about your business.
There are multiple resources online that can help you write a business plan. We’ve highlighted some helpful links below.
Understand Each Section:
The Small Business Administration website provides a description of what should be included in each section of the business plan spanning from the executive summary to financial projections. You can access this information on their website by clicking here
Access Free Online Templates:
SCORE, a non-profit organization that helps entrepreneurs and small business owners, provides online templates customized for both start-ups and established businesses. You can find these templates on the SCORE website, here.
Utilize Technical Assistance:
Putting together a business plan can be challenging. Fortunately, there are professional counselors available to help. To find a technical assistance provider near you, click here
to visit the SBA website.