Business Plan Checklist

Step 6 - Gather information for a business plan and loan proposal. Use the Busines Plan Outline as a checklist to help you gather the necessary information for start-up, operations, marketing, and so on.
Click here to use the Business Plan Outline

In addition to creating a financing proposal, doing a business plan will help you determine:

if your idea is feasible

how much the venture will cost to start

how much volume you will need to do to stay in business

When a banker analyzes a business loan application he/she looks at the 8 C's of lending:

Credit - It must be good
Collateral - Something of value to secure the loan
Cash Flow - Ability of the business to repay the loan from operations
Capacity - Your personal ability to repay
Capital - Your cash investment or down payment
Character - You!
Conditions - Anything that can affect your business (industry, economy, etc.)
Commitment - Your willingness to succeed

Each one of these items must be addressed in the business plan. If you walk into the banker's office with a plan in hand, you have made the first step in separating yourself from the pack.

Funded in part through a cooperative agreement with the U.S. Small Business Administration. All opinions, conclusions or recommendations expressed are those of the author(s) and do not necessarily reflect the view of the SBA.

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