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Volume 6, Issue 6 October, 2016
October 25, 2016

Here is your latest issue of BM$ Success Newsletter – the companion newsletter to the "Business-Money-Source" website.

5 Reasons Commercial Loans And Large Project Loans Are Not Funded (Part 3 of 5)

Reason No. 3: Unclear Or Poorly Written Business Plan

A clear and concise business plan is essential in acquiring the funding that your business needs. It serves two basic functions:

a) The business plan serves to crystallize your thinking about your business. Writing the business plan forces you to analyze the details and possible problems that otherwise may be overlooked.

b) The business plan is your primary tool to allow possible business funding consultants, such as Business Money Source, to get a clear picture of your business and your financing objectives.

If your business plan delivers a clear understanding of your business idea and it presents a logical argument that providing funding for it will be beneficial to the lender, you will have overcome the first hurdle to getting your business funded.

The adverse is also true. If your business plan is not well organized, omits essential information, contains poor or incorrect grammar, makes embellished claims about your business, does not have a uniform page layout, lacks pictures and charts to support your presentation, or is a long rambling document without continuity, it is likely that your business plan will not be taken seriously nor will you as a serious business person.

Why A Well Written Business Plan Is Important

Business Money Source has received sterling business plans that were easy to read and easily understood. On the other hand, we have also received business plans that were handwritten scribbling on loose-leaf paper that brought the sanity of the business owner into question!

Writing a concise business plan can be especially challenging for business people outside the U.S.A. who are seeking funding from American lenders/investors, when English may be their second language.

Language barriers along with the resulting confusion are not only a problem for American lenders but for global lenders/investors anytime an international loan is being considered. Small details can sometimes be confusing and or lost in translation. Numerals in Europe & Asia are written using decimal points as place value markers, while it is customary in the U.S.A. & UK to use commas. For example 1 million may be written as but in U.S.A the same number is 1,000,000.00. It is small details like this that both the loan applicant and lender/investor must be aware of when reviewing business plans.

What Makes An Excellent Business Plan

You business plan should have a minimum of the following sections to present your business to perspective funding sources.

1) Executive Summary – Gives a snapshot of your business; description, location, size, age and management team. The keyword here is “Summary”. This is a short concise one or two page document that summarizes your business concept and why you need the money that you are seeking.

2) Financial Statement and Cash Flow Information – A full financial picture of an existing business and/or Pro Forma (prediction of revenue for a new start-up business). The Financial Statement is the part of the business plan that most frequently lacks critical information.

It can also be the part that applicants will either intentionally or unintentionally misrepresent, usually because the applicant doesn’t understand what is required or has not thought through his/her business idea.

The Financial Statement should show sales, cash flow and profits. Also the lenders will want to know the ROI (return on investment) and why your business is a viable investment.

3) Use of Funds – Here is where you must “sell” the lender/investor why funding your business or project is a good idea. You must give specifics; the amount of money that you need, why you need it, when you need it and how it will be used, including breakdown of costs. It does not work to request a $1 million loan and throw in an additional $500,000 cushion for miscellaneous expenses! Your costs do not have to be down to the penny but they should make economic sense.

4) Repayment and/or Exit Strategy – This part tells the lender/investor how you will repay the loan and over what time frame or in the case of an investment, how you will provide an exit for the investors to get out of the project with their initial investment and their profits.

5) Business Description & Supporting Documentation – This part is where you describe your business, give brief biographies of yourself, your managers & principals involved, insert pictures of yourself, your project, real estate pictures (if necessary) and give descriptions of collateral or other pertinent information.

If you diligently address the above topics in your business plan, your business funding consultant, such as Business Money Source will be better able to understand your business situation and arrange financing for you with an appropriate funding source.

What Kind Of Business Funding Do You Need?

Click on the link below and fill out the "contact us" form to let Business Money Source know your business funding needs.

Also don't forget to request the free report “Six Common Mistakes People Make When Applying For Business Loans”.


The Next issue of BM$ Success Newsletter will cover No. 4 of the Top 5 reasons large project loans are not funded.

This Month’s Business Survival Tip

Get Out From Under Crushing Merchant Cash Advance Payments And Save Your Business!

Are you a retail merchant overwhelmed by Merchant Cash Advance Payments? Your Banker said “No”? Get help now! Go to this link and complete the Business Money Source secure short form.

Note: The program to restructure Merchant Cash Advance payments and increase your cash flow is available only in U.S.A. and possibly Canada.

Let us know what topics you would like to see covered in BM$ Success Newsletter.

Please feel free to contact me by the methods listed below, with any questions that you may have about the various loan programs offered by Business Money Source, LLC.

I look forward to assisting you or your clients in acquiring the business financing that you seeking.


Jim Bullock, Managing Member

Business Money Source, LLC

(804) 396-3040

Fax: (804) 781-4971

Twitter: bizmoneysource

Friends of Business Money Source

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Until next month!


Jim Bullock

Business Money Source, LLC P.O. Box 16096 Richmond, VA 23222

(804) 396-3040

“Your One Stop Online Business Information Source”

Twitter: @bizmoneysource

Disclaimer: The content contained in the BM$ Success Newsletter is provided for informational purposes only. It is incumbent upon the user of the information to seek appropriate financial and/or legal counsel before entering into any financial transaction. Business-Money-Source, LLC nor its' principals are in no way liable for your financial transactions. See the “Disclaimer” and "Terms of Use and Privacy Policy" pages on the Business Money Source website for further explanation.

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