7 Things Professional Business Plan Writers Always Include in a Bank Business Plan

 

Professional business plan writers are experts at creating a business plan tailored to a specific audience. When it comes to writing a Bank Business Plan, there are certain aspects that these professionals will add or emphasize.

1. Direct Language – There is no need for overly descriptive or “flowery” language in a bank business plan. In fact, Professional Business Plan Writers will do the opposite. Lenders prefer the bank business plan get to the point and not be oversold.

2. Formal Structure – Unlike some other types of business plans, a bank business plan should be very formal in nature. Professional business plan writers know to keep the structure and content in an organized and predictable order. Although it won’t be the same for every business, it will for the most part follow a similar format. A bank business plan is not the time to try to break the mold.

3. Thorough Market Research – Lenders want to know you’ve done your research since it is only by understanding the market that you can adequately identify opportunities as well as risks and threats. The Market Overview section of the bank business plan is where professional business plan writers will make sure this is evident.

4. Detailed Competitor Analysis – A competitor analysis will result from Market Research. It is a key to understanding how to position, market, and even price your product or service.

5. Personal Financial Information – There is a section that will be in your bank business plan that is likely not to be in any other type of business plan, and that is your personal financial information. In a bank business plan, professional business plan writers know to include this because if the business does not succeed, you as the owner(s) will become personally responsible. The lenders have one overriding goal and that is to be paid back with interest.

6. Moderate Financial Projections – Market research allows you to understand the maximum potential of the business. When presenting to lenders, professional Business Plan Writers know to use moderate expectations. Preparing a business plan for an investor would likely require a different strategy but, when it comes to a bank business plan, the idea is to show that you can survive – and therefore pay your loan – under the most likely and reasonable of circumstances.

7. Detailed Appendixes – Lenders tend to be highly detailed people and, as such, they don’t want to have to go searching for answers to their questions. They also tend to enjoy and prefer getting stuck in the details of things, especially as it relates to numbers. As such, you should have all the backup for your research, assumptions, and numbers attached to your bank business plan. Professional business plan writers may not do this for all audiences but, mostly likely will for a bank business plan.

Although most of these aspects or components will be in most business plans, the way they are written and presented will be specific to the bank business plan. Following the advice of professional business plan writers can help you ensure your bank Business Plan is well received. Or, if you are able, you should consider hiring one to prepare your business plan for you.