Essential Elements of a Business for Bank Funding

Join the MA Small Business Development Center for an informative seminar designed for entrepreneurs and small business owners seeking bank funding to grow their ventures.

This event will delve into the critical components of a business plan that banks look for when evaluating loan applications. Attendees will gain insights on how to craft a compelling and comprehensive business plan that clearly outlines their vision, strategy, and financial projections.

Key topics include:

• How to concisely communicate your business concept and objectives.
• Demonstrating a deep understanding of your target market and competitive landscape.
• Highlighting your business structure, mission, and unique value propositions.
• Detailing your business’s organizational structure and management team.
• Describing your offerings and their benefits.
• Outlining your approach to attracting and retaining customers.
• Specifying your funding needs, potential future funding requirements, and proposed use of funds.
• Presenting realistic financial forecasts, including income statements, cash flow statements, and balance sheets.
• Including additional documents that support your plan, such as resumes, permits, and other relevant information.

The speaker will be Manassah Bradley, senior business advisor with the Massachusetts SBDC.