Proven to land SBA-backed loans

We won't bore you here with information about SBA guaranteed loans. Many banks are SBA-qualified lenders and can easily steer you into precisely the right deal for you. What we can tell you is that they will want to see a business plan. In fact, the SBA and their qualified lenders require a business plan to accompany the application.

Of the businesses that failed,
60% had no business plan.
- SBA Report

What does that tell you? A business with no plan should scare-off any banker right away!

Executive Summary

BizPlan Builder will guide you through the process of documenting an overview of your business and what you intend to do with the money. We help you anticipate the questions your lender will ask and guide you to prepare your answers as a part of your loan application. The result is a professional impression of solid understanding of your business.

For a moment (and you may need to refer to this moment often), put yourself in a banker's position... What would YOU want to know about a business before you loaned the people money? You must be convincing. And, expect that intelligent people with money will want to feel comfortable with you and your answers. You will find that, no matter who you are and what you are doing, you’re going to need answers to these basic questions—in plain-English...

• What kind of business are you in?
• What are your demographics?
• What will you sell?
• How is your business structured?
• How will you make money?
• What kind of competition do you have?
• Who are your most important customers?
• Who will manage your business?
• What experience do you/they have?
• Who are your advisors?
• How much money do you need to start / grow?
• What will you do with the money?
• Will the funds be secured by equipment, etc.?
• How will you repay the loan?

Not to painful really... A reasonable expectation from anyone loaning money for a business venture. Getting an SBA-backed loan requires a little self-directed homework which you can easily do. Of course, you can pay a percentage to a "Loan Packager" who will do the work for you (we know, they buy BizPlan Builder too!), but they will charge a % of the loan — making it all that more expensive when it doesn't need to be.

Integrated Financial Statements

An application for any business loan requires detailed financial statements. Just because the SBA "guarantees" it, your banker has a job to do. Banking is still banking. For that, BizPlan Builder is designed to help you gather the facts and tell a good story, making your task easy, accurate, and complete.

Automatic Linked Spreadsheets

The numbers in each financial statement are linked from a set of assumptions pages and connected to related statements. When you enter costs or revenue numbers, accurate totals, percentages and ratios are calculated automatically. Any number that affects more than one financial statement will automatically be linked so that all statements are consistent. The spreadsheets logically show your steps enabling you to build your case. Bankers are people too and they need to understand that your business makes sense.

Always a Good Impression

Bad impressions are caused by sloppy data gathering, missing or inconsistent figures, and an overall sense of "unpreparedness." Bankers loan money every day, they see all kinds of people, and you need to be one of the ones with your act together. Using your own spreadsheet to prepare the loan application leaves you open to mistakes which can spook a lender (maybe even kill your deal right there). BizPlan Builder presents your financials in the form preferred by bankers and lenders and helps you audit your plan for accuracy and completeness.

As you can see from the comments on the left, many people have succeeded with BizPlan Builder for getting SBA backed loans for their businesses.