ACCION USA offers business loans up to $50,000 and financial education throughout the United States. Since 1991, they have specialized in working with small business owners who cannot borrow from the bank due to business type, a short length of time in business, or an insufficient credit history.
BUT YOU NEED A BUSINESS PLAN TO APPLY!
PR Xperts is proud to offer Business Plan Writing as a new service for 2012. Writing your business plan is the first and most important step you must take to ensure the success of your business. We have heard many people say “I don’t need a business plan…I don’t need funding”. Obtaining a loan is only one reason why you would need a sound business plan but there are several other reasons to have one written.
For starters a business plan forces you to take a realistic look at your ideas and business goals. Some ideas are great in your mind, but when put down on paper, you may realize that it was much more than you expected. Start-up costs versus projected revenues, legal requirements, employee salaries, management, marketing strategies, and the location need to be evaluated prior to starting your business. We have worked with many clients who thought they had a great idea, until they saw the financial projections. Once they realized that their idea did not make sense financially, it was then time to create a new plan of action to make their dream become a reality. Sometimes all you need to get going is a new strategy, and a business plan will help you do this.
