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hi guys this is Sarah from The Savvy professor and today we're gonna talk about how to write a business plan for a loan this video will provide you with five key steps to follow when writing a business plan for a loan so keep watching to learn more first present your business opportunity in these sections number one executive summary Briefly summarize your business plan on one page capturing its contents and your lender's interest number two market analysis provide a detailed analysis of how your business's industry Works how the industry differs from your Niche your Market's current trends the Gap you intend to fill and your target market also include a brief analysis of your competitors number three products or Services a explain how your products or services are relevant to the market and how they differ from your competitors remember to include a cover page and table of contents before the executive summary second explain how you'll execute your business in these sections number one marketing and sales strategy explain your marketing plan and how it'll attract customers and your business's sales goals and how you'll achieve them outline any challenges you might face and how you'll overcome them number two operations plan detail what your business's daily operations will be include any requirements you'll need to fulfill those operations number three management structure use an organizational flowchart to present your management team what they'll be doing and how they'll be compensated include your business's mission statement and principles third present your financial plan title this section financial plan and ensure you clearly explain your business's annual expenditure in Revenue also include at least three years worth of capital expenditure budgets cash flow statements income statements balance sheets and profit and loss statements if you're a startup business include Financial projections like estimated cost and Revenue fourth present your funding request title this section funding request and explain why you need the loan how much are currently requesting how much you'll need say over the next three years and how you'll use the funds also explain how you intend to repay the loan fifth finalize your business plan in these sections number one exit strategy explain the measures you take if you encountered any risks along the way or decided to close your business number two appendix include any other document the lenders may need to better understand your business you can use a table of contents to indicate where each document is located so there you have it you can now write a successful business plan for a loan by following these steps and including all the required sections feel free to like share and comment on the video till next time