Entrepreneur
Name
John
Member since
May 2017
On-time repayments
12 installments • 58%
About Me
Hard working,kind meak God fearing,determine person with passion for his work and I believe in myself that I can make it to the top team player where i contact as much as possible customers and serving my customers with zeal through reaching where they are by door to door delivery.am creative where i make my products unique in package and in displays.
My Business
Boutique dealing with ladies, children and men clothing.Shoes tops suits belts bags and fabrics ties trouser skirts pants beddings carpets fabrics suits new borns cosmetics suitcase plastics materials earpiece rings hairband among other items on demand also making dresses in new designs and aprons for companies.
Loan Proposal
Executive summary—This section provide a concise overview of your business. It briefly describes your company, its industry and its competitive advantage. It should also describe the business need or project that requires financing, as well as the amount of money needed.
Description of the company—In the main part of your business plan, you should more fully describe the history, current operations and strategy of your business.
Management team experience—Show the skills, experience and qualifications of each member of the management team. Your banker needs to know they have what it takes to make your project work.
Key financial data—This section shows the financial strength of your business. Provide financial statements as well as forecasts for the next 2 to 3 years. Your banker will examine this information closely in an effort understand your track record and capacity to repay the loan. As in every part of your small business loan proposal, make sure you are completely honest and transparent.
Marketing plan—Provide a marketing plan to answer these key questions: Is there a proven market for your product or service? Who are your competitors and what are their strengths and weaknesses? What is your client profile? What is your key competitive advantage?
Production plan—Your banker will want to know if you have the operational capacity to handle your projected sales.
Human resources management—Demonstrate that your business has the ability to recruit, develop and retain the right people to move your business project further.
Include supporting documents
You should bolster your commercial loan proposal by including documents that support, explain and boost the credibility of your plan, including:
market studies or other research supporting your conclusions and forecasts;
documents to support financial data (e.g. copies of leases, subcontractor estimates, letters of credit);
client testimonials; and
media reports about your company.
The purpose of the supporting documents is to show your proposal is based on facts.
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Loan Info
Project Type
Classic Loan
Disbursed amount
$1.00
Date disbursed
Dec 22, 2018
Repayment status
On Time
Projected term
1 week
Other loans
Lenders
United States
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