It is now a prerequisite of most lending institutions to require potential borrowers to provide a Business plan to support any lending proposal.
The production of a Business Plan can be a useful exercise in itself, where it can highlight opportunities and threats to the business, but more than anything, it should record realistic goals and targets for the business and how these can be achieved.
The Business Plan need not be a lengthy document but should be clear and succinct, with supporting financial data.
We at Accel Business can produce Business plans timely and inexpensively to support most business proposals.