Pitch decks are brief presentations of your business in the form of slides, usually made in PowerPoint. They are intended for meetings with investors where they show a brief overview of your business, and present its key features. However, they are not common in Bank Business Plan, which usually start off with just an executive summary to convey the most important components of a business. Because loan officers go through dozens of business plans on a regular basis, be sure to make yours stand out. Of course, there are many strategies for making your business plan unique, and one of them is to include a pitch deck.
Why bother with them?
A great way of grabbing an investor's attention at the get go is by presenting them a Pitch Deck, and the same can be said for loan officers. Not only do these slides provide essential information, but they include eye catching visuals and graphs as well. Slides are a creative and concise way of displaying facts about your business. Therefore, they can be a great asset in getting approval for a bank loan, and here are a couple of main reasons why:
They save time
While an executive summary has a similar purpose as a pitch deck, they can be lengthy and boring. Many make a mistake of going on about their business in executive summaries and making them just too long. It is a sure way to lose anyone’s attention.
People do not like to waste time, and busy loan officers most definitely don’t. Time is money, so be sure to get to the point. Your audience doesn't want to go through pages and pages of documetns just to find what they are looking for.
This is why adding these decks is ideal for bank business plans. They are only several slides long with just the right information about your business.
They grab attention
A big part of Pitch Deck is their overall design. Because they include important numbers and graphs, these should be presented in an aesthetically pleasing way. This is another guaranteed way of making your bank business plan stand out from all the rest, and more importantly linger in the minds of your audience.
A good design has multiple purposes, not just to look pretty, but to be functional too. Your decks should be well organised and easy to read. Having a cluster of numbers and graphs can be overwhelming which makes people lose interest and skip over your deck.
If only a few bank business plans include pitch decks, having one in your plan can surely make it stand out from the rest. It is a great way for it to be different in a sea of business plans, that loan officers read on a weekly basis. They are a way to breathe new life into an otherwise boring document, and most definitely a fun and exciting way to introduce your business. Having an attention grabbing Bank Business Plan is winning half the battle in getting a bank loan.
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