SBA Loan Services: 3 Staged Steps
Projection and Business Plan
SBA Compliant Projection and Business Plan
Fee: Call for pricing
SBA Loan for Business Acquisitions, Start Ups and major Expansions will require an SBA Compliant Projection and Business Plan as part of the SBA credit document package.
As an SBA Borrower you have options to complete this daunting task.
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Do it Yourself - You may be a pro at this but not know the SBA format.
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SCORE – Hit or miss.
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Your CPA – CPA’s do not understand the SBA compliant format. Pricey. CPA’s usually can’t help with the business plan.
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Outsourced Service Provider – Pricey, professional but, your involvement was low.
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Coach Jeff – SBA Underwriters want to know that you were highly involved in developing the Projection and Business Plan. Most SBA Lenders hold a virtual interview with the Borrower to discuss the SBA Loan and Projection/Business Plan. You will be prepared.
How Coach Jeff Can Help
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My interactive approach always starts with the Projection. I’m numbers guy, SBA Underwriters are numbers people. The Projection needs to make financial sense. Why personally guaranty a seven figure SBA loan if the Projection doesn’t work.
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Projection – I customize a unique template for your business, to get started. We review it in detail to make sure we are accounting/confirming all expenses. Together we build a sales model to show an underwriter how you will generate and grow sales. We build a staffing model that correlates with sales. We describe assumptions for each line item. I assist you developing a cashflow analysis to determine how much working capital maybe needed and calculate DSCR. After several rounds the Projection is complete.
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Business Plan explains how the Projection will be achieved. The Business Plan is broken up into logical chapters that ties into the Projection. I send you a customized Q&A template for each chapter. We convert the chapter Q&A’s into a Business Plan, that will walk the SBA Underwriter through the justification for approving your SBA loan request.
A Projection and Business Plan built by you and Coach Jeff can act as a blueprint to manage your business after the SBA loan closes.