Business Plans 61% of all businesss are turned down for a loan or equity financing due to a poor business plan. If you were a lender or investor looking at 100 plans a day, would you rather look at an organized, well written, thorough plan, or look through box's of materials?
Preparing a business plan draws on a wide range of knowledge from many different business disciplines: Finance, Management, Intellectual Property , Supply Chain, Operations, Sales and Marketing, Customer Service, Retention, Payroll, Exit Strategy, etc.
In the business world you are guilty and must be proven innocent. Bankers, Insurers, Consultants and other business owners won't believe what you tell them. They need proof that comes within a professionally prepared business plan, to get you seen and to give the business world that lasting impression. Your business leadership and entrepreneurial mindset must reveal itself by dotting your I's and crossing your T's.
iBank will review your existing business plan and inform you where the plan is weak, strong, and everything in between. This is just not a review but a detailed analysis of your business and your business industry.
A Small Business Loan application requires an SBA Formatted Business Plan (included in the price). The plan includes a business description, marketing plan, resumes and financials (historical and forecasts). This plan takes 2 weeks to complete with cooperation from the small business owner to gather necessary data.
A Certified Business Plan for equity fundraising is an 87-paragraph, 9-section, thoroughly researched business plan that requires more than 100 hours to complete. Based on the purpose of the plan, completion may take more or less time depending on the complexity of the industry and if there is an introduction of new products, services or technologies, but is usually completed in less than four weeks. To be certified, a SCBO Project Manager conducts the following process:
- Ensures that research validates the claims of the entrepreneur
- Completion of the 87 paragraphs required of the Certified Business Plan template
- Valid financial forecasts models were used with valid assumptions worksheets
- Provides a detailed bibliography
- Upon approval, places a Certification Emblem with a unique certificate number which is embossed on the cover of the plan
Preparing a business plan draws on a wide range of knowledge from many different business disciplines: Finance, Human Resource Management, Intellectual property Management, Supply Chain, Operations, and Marketing.
Bank's and lending institutions are always cautious about defaults, so a business plan for a loan will build a convincing case for your businesses ability to repay the loan.
Below is list of topics that are necessary to create a professional and worthy business plan.
$699 - iBank will rewriter your existing business plan into the SBA format and create a loan package for you. We will assist you in creating your iBank vault account.
$1999 - iBank will write your SBA formatted plan from scratch. An SBA loan application requires an SBA formatted business plan (included in the price). The plan includes a business description, marketing plan, resumes and financials (Historical and forecasts). The service also includes assistance with all forms and applications and coordination with SBA lenders. Program takes 2 weeks to complete with cooperation from the borrower to gather necessary forms.
$6999 - iBank will write a Certified Business Plan for equity fundraising. The "Certified Business Plan©" is an 87-paragraph, 9-section, thoroughly researched business plan that requires more than 100 hours to complete. Based on the purpose of the plan, completion may take more or less time depending on the complexity of the industry and if there is an introduction of new products, services or technologies, but is usually completed in less than four weeks. To be certified, a SCBO Project Manager conducts the following process: (1) Ensures that research validates the claims of the entrepreneur; (2) Ensures completion of the 87 paragraphs required of the Certified Business Plan™ template; (3) Ensures that valid financial forecasts models were used with valid assumptions worksheets; (4) Provides a detailed bibliography; (5) Upon approval, places a Certification Emblem with a unique certificate number which is embossed on the cover of the plan
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