Essential Elements Of A Business For Bank Funding

Topic: Financing

Join us for an informative seminar designed for entrepreneurs and small business owners seeking bank funding to grow their ventures.

This event will delve into the critical components of a business plan that banks look for when evaluating loan applications. Attendees will gain insights on how to craft a compelling and comprehensive business plan that clearly outlines their vision, strategy, and financial projections.

Key topics include:

•  How to concisely communicate your business concept and objectives.
• Demonstrating a deep understanding of your target market and competitive landscape.
• Highlighting your business structure, mission, and unique value propositions.
• Detailing your business’s organizational structure and management team.
• Describing your offerings and their benefits.
• Outlining your approach to attracting and retaining customers.
• Specifying your funding needs, potential future funding requirements, and proposed use of funds.
• Presenting realistic financial forecasts, including income statements, cash flow statements, and balance sheets.
• Including additional documents that support your plan, such as resumes, permits, and other relevant information.

The speaker will be Manassah Bradley, senior business advisor with the Massachusetts SBDC.