Sba Business Plan Template - Page 3

How to Write a Simple Business Plan Write the Executive Summary. Add a Company Overview. Provide the Problem and Solution. Identify the Target Market. Write About the Competition. Describe Your Product or Service Offerings. Outline Your Marketing Tactics. Add a Timeline and the Metrics You Will Use to Measure Success.

A business plan is a crucial piece of any SBA loan application. It's what lenders will look at most closely when approving a loan, so it should be organized, well planned and persuasive.

Small businesses that seek funding, especially in the form of SBA 7(a) loans, will find that SBA lenders require the submission of a business plan with their SBA loan application. Lenders want to be assured you have a viable plan for success.

You can also take a look at the SBA's Business Planning Guide for more information and to view business plan templates. If you want a more hands-on approach, you can get assistance from an SBA resource partner to help complete your business plan.

You can search for a mentor or find a local SCORE chapter for more guidance. The U.S. Small Business Administration's Small Business Development Centers, which provide free business consulting and help with business plan development, can also be a resource.

How to Write a Business Plan, Step by Step Write an executive summary. Describe your company. State your business goals. Describe your products and services. Do your market research. Outline your marketing and sales plan. Perform a business financial analysis. Make financial projections.