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Executive Summary. Begin your proposal with a simple and direct cover letter or executive summary. Business Profile. Management Experience. Loan Request. Loan Repayment. Collateral. Personal Financial Statements. Business Financial Statements.
It is well to keep the objective in mind: the loan proposal is a document intended to communicate facts and projections, the latter documented as well as possible, and to persuade the lender of the merits of a case. Everything helpful to achieve this objective should be present.
Step 1: Outline The Opportunity. This is the core of your business plan. It should give loan officers a clear understanding of: Step 2: Show how you'll execute. This is where the action happens! Step 3: Detail your financial plan. This is the most crucial – and intimidating – part of any business plan for a bank loan.
The loan application process is easy to start: Simply tell the lender you want to borrow money, and tell them what you're going to do with the funds (if required). They will explain the next steps and how long the process will take.