Whether a business needs finance for a one-time purchase, expansion, or to provide working capital, at some point, it will need to borrow money. This includes borrowings to start a business, equipment purchase, working capital finance through factoring or invoice discounting. Procuring a business loan from a bank takes preparation. Finance providers need to know the need for investment, the level of risk, and rewards associated with investing in a business and how the borrower intends to repay.
The loan providers want to know that the applicant has a viable and sustainable business. A loan proposal document contains all such information that encourages the loan provider to sanction the loan. Lenders prefer a business proposal that’s well researched and well presented.
At MARC, we are experts in creating loan proposals that show the most accurate and realistic picture of your business venture. Our loan proposal documents are tailor-made to fit your need. We can and adept at scale the level of our services to handle business structures from sole trader to corporations. We have prepared proposals for business operations under various sectors.
Our loan proposal documents include, but not limited to:
- A thoroughly researched industry forecast.
- Financial projections for the future.
- Profile of the applicant.
- Description of the market and marketing strategy.
- Information relating to your business performance.
- Other factors required depending on the type of loan and the loan provider.
From our end, we ensure that we analyze your business and the market you are operating in to determine whether it will be profitable. In cases that need an opinion from industry experts, we have connections with reputed industry leaders, which we tap.
Financial projections are key, as the loan providers are going to check whether you will have the funds to pay back the loan. The facts and figures in the business plan can help loan providers identify the risk of a loan application. Lenders may not approve your loan application if you can’t provide a business proposal.
Besides, you can also benefit from the research as you are likely to learn more about the industry and the market. This can help you watch out for potential risks and stay ahead of your competitors.