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7 Replies Last post: Feb 21, 2008 8:32 AM by smlc_steven

Need help with Loan/Business Plan

Feb 11, 2008 8:29 PM

Click to view CalecoGas's profile Start-up CalecoGas 2 posts since
Feb 11, 2008
I am in the market to purchase a business that is currently running at full capacity, the business is a home that generates income and provides services out of the home. The business is selling for $2.8 million and I was wondering, since I have never borrowed so much money before, how would I go about aquiring this loan? I read that a business plan is needed, but I have no idea how to write one. What information do I need first before attempting to write one, do I need any information from the current owner? And after I have my business plan in order, where do I go to present it so that I may aquire this loan (just banks?)

Thanks Guys!
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Click to view kenbac's profile Authority kenbac 14 posts since
Feb 11, 2008
1. Re: Need help with Loan/Business Plan Feb 13, 2008 6:43 AM
are you anywhere close to being serious with this project do email me at kenneddy@live.com
Click to view CalecoGas's profile Start-up CalecoGas 2 posts since
Feb 11, 2008
2. Re: Need help with Loan/Business Plan Feb 13, 2008 5:28 PM
in response to: kenbac
Yes of course I am serious about this. I was thinking of either purchasing it with clients already available, or getting the loan and build my own building and then get the clients myself.
Click to view LUCKIEST's profile SCORE LUCKIEST 7,912 posts since
Aug 6, 2007
3. Re: Need help with Loan/Business Plan Feb 13, 2008 9:41 PM
Need help with Loan/Business Plan.
Go to SCORE on line. SCORE is FREE and they have a Virtual Learning Center.
At " www.score.org " you can learn to develop a Business plan (FREE) and take
26 online courses to help you succeed in business.
Good luck, LUCKIEST
Click to view MyCapital.com's profile Mogul MyCapital.com 14 posts since
Feb 9, 2008
4. Re: Need help with Loan/Business Plan Feb 14, 2008 3:57 AM
Try to contact other investors to see if they are interested in partnering with you. You can try this online application Capital Express at www.mycapital.com that allows you to send a message to thousands of investors within a couple of minutes.

To write a business plan, go to www.score.org and you can find some business plan templates. If you have trouble write up a 30-page or 10-page business plan, just try to write a two-page executive summary first. In your executive summary, descriibe your company name, business industry, the industry outlook, a short financial projection, and contact person email/phone. It can be just what you wrote here. The executive summary needs to be interesting enough to attract investors, but without revealing too much confidential information. If you want a very formal business plan, try a business school student. A small investment banking firm might charge $10,000 for a business plan. A b-school student should be able to do it just ok and charge substantially less. Hope this helps!
Click to view frances's profile Authority frances 13 posts since
Feb 12, 2008
5. Re: Need help with Loan/Business Plan Feb 14, 2008 6:50 AM
Since you said you are serious with your plans and ready to start you need few investors do write me at francelaluv@yahoo.com
Click to view frances's profile Authority frances 13 posts since
Feb 12, 2008
6. Re: Need help with Loan/Business Plan Feb 14, 2008 6:54 AM
in response to: kenbac
Do send me your business plan from reference perhaps we make out something. francelaluv@yahoo.com
Click to view smlc_steven's profile Professional smlc_steven 3 posts since
Feb 21, 2008
7. Loan offer Feb 21, 2008 8:32 AM
this loan offer for men and women email_smlc_steven@yahoo.com