Business Plans for SBA Loans
At Visa Business Plans, we have experience preparing business plans for various Small Business Administration (SBA) loan programs to purchase land, buildings, equipment, or fixtures. Also, SBA programs allow you to tackle leasehold improvements and address working capital needs.
SBA loan program criteria are highly selective. For example, at larger banks, the approval rate for SBA loans, is only around 25%. The most common reasons banks deny personal loan applications include:
- Poor business plan that does not clearly articulate your company, products, target market, marketing strategy, staffing, cash flow, and other financial projections. Banks really scrutinize business plans to make sure that the business they are lending to is likely to be successful!
- Poor credit history
- Low capacity to repay the debt
Our business plans increase the likelihood of SBA loan approval. Give us a call to learn more how we can help you establish and grow your business.