Provide a 200 word summary of the structure and content of a good business credit proposal....

Provide a 200 word summary of the structure and content of a good business credit proposal.

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The structure and content of a good business credit proposal.

When an owner of a business seeks to procure loan from any financial Institution he has to follow certain protocols of that Institution.

A proposal of loan is a form of application made by a borrower regarding important information about the business. It includes basic information like the product or service of the business, objective of the business, structure that includes customer base, employees and other stakeholders, the industry where it belongs. However, the most important document is the various relevant financial reports to be inserted that enable a lender to comprehend the real picture of the business. The financial documents generally include the following statements of the last three years

Cash flow
Balance sheet
Income statement
Revenue projection
Tax filing
Credit history
Bank statement

The proposal also includes the following:

a) Description relating to purpose of loan, scope of using such fund.

b) Effective loan repayment strategic Schedule Plus record of existing debts, if any.

c) To insert some preliminary details like name, address, contact information of the business. Other relevant information - owner’s contribution in the business, performance of the management, the proactive strategy to enlarge the business in the future.

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