Things You'll Need:
- Inventory of equipment and supplies
- Operating budget
- Explanation of funds and assets
- Profit projections
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Step 1
Look into the typical loan standards for government and public agency programs before you write a business plan. The Small Business Administration's 7(a) loan program is a good example of the typical restrictions and requirements placed on loan applicants (see Resources below). You can utilize this information as a check list during business plan writing.
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Step 2
Explain assets and liquid funds that will be utilized to fund your company's startup. Banks may look at your property holdings as potential collateral for large loans. Available cash allows you to purchase supplies and equipment without affecting your credit score or potential to repay loans.
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Step 3
Provide an inventory of equipment and supplies for the business that you currently own. You may have tried to open a software production facility with limited success in the past but still own computers or labeling equipment from the venture. This inventory should include the current value and condition of each item.
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Step 4
Develop a monthly operating budget for your business while writing your plan. Lenders need to know the costs of running your business during the critical first year when most startups close their doors. Take into account major costs like wages, building rent and equipment maintenance.
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Step 5
Create a profit projections chart for your business over the first 5 to 10 years when you write a business plan. You should review the strength of similar companies in your market, determine a reasonable level of monthly customer traffic and subtract projected sales from your operational budget. This chart helps lenders determine your business acumen and worthiness for startup funds.
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Step 6
Estimate new equipment purchases and additional employees you will need to meet your company's projected profits. You need to write an explanation for the effect that each projected move will have on your business. For example, an additional software developer can help you put out more units and help meet customer demand.











