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I need to submit a proposal to obtain a loan to start a small business. I wish to sell Footware, clothing and cosmetics

2006-07-08 13:39:38 · 4 answers · asked by ali baba 1 in Business & Finance Small Business

4 answers

The business of lending is a dense one and should be researched properly. To get started, I suggest contacting the Small Business Administration (SBA). Entrepreneur also offers a great site dedicated to money & finance – see below for both.

Research, research, research – this cannot be stressed enough. Read as much as you can about the process. Here are some book titles that are relevant:

* How to Get a Small Business Loan: A Banker Shows You Exactly What to Do to Get a Loan (Small Business Series, No 1) by Bryan E. Milling
* The SBA Loan Book: Get A Small Business Loan--even With Poor Credit, Weak Collateral, And No Experience by Charles H. Green
* The Insider's Guide to Small Business Loans by Dan M. Koehler

There are plenty of free informational resources out there. Check the source box for links to articles.

Hope that helps! I wish you much success & happiness in all your ventures!

2006-07-11 06:07:23 · answer #1 · answered by TM Express™ 7 · 0 0

If you are thinking of applying for a loan, you will be required to prepare and submit a business plan. It seems you are planning to start a retail store.

How To Start A Retail Business Guide http://www.entrepreneur.com/howto/retail/0,7167,,00.html
Retail Clothing http://www.referenceforbusiness.com/business-plans/Business-Plans-Volume-01/Retail-Clothing.html

For detailed information, I suggest you read the following books:

Specialty Shop Retailing: How to Run Your Own Store Revised by Carol L. Schroeder
Start and Run a Profitable Retail Business (Start & Run a) by Jim Dion
Start Your Own Clothing Store (Entrepreneur Magazine's Start Up) by Entrepreneur Press
Retail Success! by George Whalin
1001 Ideas to Create Retail Excitement, Revised Edition (2003) by Edgar A. Falk

Here are some resources that can help you write your business plan:

- SBA Business Plan Basics http://www.sba.gov/starting_business/planning/basic.html
- PowerHomeBiz.com Creating a Business Plan section http://www.powerhomebiz.com/startup/businessplan.htm
- Entrepreneur.com Writing a Business Plan section http://www.entrepreneur.com/bizplan/0,7253,,00.html

You may also want to review some sample business plans to see how it actually looks like:

- Bplans.com http://www.bplans.com/sp/businessplans.cfm
- MOOT Corp Business Plan competition winners
http://www.businessplans.org/businessplans.html
- VFinance - View hundreds of real business plans in pdf format. http://www.vfinance.com/home.asp?bps=1&ToolPage=bps_main.asp
- Business Owners Toolkit Sample business plans and information on how to create a plan. http://www.toolkit.cch.com/tools/buspln_m.asp
- PlanWare Planning software and information. http://www.planware.org/
- Virtual Business Plan Walk through the design of a business plan. http://www.bizplanit.com/vplan.html
-SBA Business Planning Guide http://www.sba.gov/starting_business/planning/basic.html
- Small Business Advancement Center http://www.sbaer.uca.edu/business_plan/businessPlan.pdf
- Sample Business Plan General planning guide created by the Canadian Business Service Center. http://www.cbsc.org/servlet/ContentServer?pagename=CBSC_FE/display&c=GuideFactSheet&cid
- Business Plans Index - A subject guide to sample business plans and profiles for specific business types from Carnegie Library of Pittsburgh. http://216.183.184.20/subject/business/bplansindex.html

Some recommended books are :

- Business Plans Kit for Dummies
- The Complete Book of Business Plans : Simple Steps to Writing a Powerful Business Plan
- Writing Business Plans That Get Results : A Step-By-Step Guide
- Business Plans For Dummies®
- Your First Business Plan : A Simple Question and Answer Format Designed to Help You Write Your Own Plan

Hope that the above resources help

2006-07-13 07:18:56 · answer #2 · answered by imisidro 7 · 0 0

i would advise you to spend a bit of money and hiring a professional to help you in the creation of your business plan preferably someone involved in the banking sector you will be amazed and how much of a hassle can be removed by simply investing in a professional to help you out accountants and stuff one thing to remember investors or banks wants to see sustainability and profitability, anyways why i am saying this is i don't really think copying another plan is good i usually notice when poeple look at an example they tend to deviate from their original plan and start to follow another persons way of doing things whatever you decide its your passion, http://www.bulletproofbizplans.com/bpsample/Sample_Plan/sample_plan.html

2006-07-08 14:41:30 · answer #3 · answered by Anonymous · 0 0

See the link below and use the reading room or other pages on the site if you need more detail.

http://www.score.org/template_gallery.html

2006-07-08 14:03:29 · answer #4 · answered by pismocrab 3 · 0 0

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