Business Plans for SBA Loans
We have helped dozens of clients secure their SBA loans with our structured SBA business plans. Our projects present what the SBA wants to see and find in a well-organized manner.
At Visa Business Plans, we have experience preparing business plans for various Small Business Administration (SBA) loan programs. Our clients have used SBA loan programs to purchase land, buildings, equipment, fixtures, conduct 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 get the funding you need to operate and grow your business.
