Most loan programs will require you to submit a sound business plan with your loan application. Your business plan should include a complete set of projected financial statements, including profit and loss (P&L), cash flow and balance sheet. If you need help preparing your business plan, the Small Business Administration provides resources at the links below.
- Why Should I Write a Business Plan?
- Essential Elements of Writing a Good Business Plan
- SBA Template for Writing a Business Plan
Community Centro Partners also offers an app to help you create and maintain a business plan using just your phone or tablet