When writing your proposal, make it concise. While it is important to include all the relevant information in your plan, a document that is bloated with irrelevant information will dilute the thrust of your business plan and bore the finance officer who has to wade through it.
When writing your proposal, consider any questions or criticisms a loan officer may raise and provide strong counterarguments. Additionally, when discussing the benefits of the plan, emphasize the benefit to whomever funds the project. Effectively quelling arguments against your plan while emphasizing its benefits to the lender makes it harder for a loan officer to reject.
Finally, be certain your proposal is well-edited. Typos and grammatical errors detract from your presentation and make you look unprofessional. It is best to have a second or third person read through your business proposal before submitting it to catch any errors you may have overlooked. A clear, cogent, well-edited business plan increases the odds that your plan will be funded.
Kilpatrick and Hart, Ltd., Inc., assists clients in securing specialty financing in a variety of areas, including apartment projects, service station funding, and lines of credit.