A business plan for a loan request is short: the cost, the jobs it serves, the payment and a safety check. Which records a partner may want depends on what the money buys. Rules, fees and dates are confirmed with the City of Pascagoula, MS and Jackson County, MS offices themselves.
Business plan for a loan request: one page on a Pascagoula, MS print shop's wide-format printer
When the request is one machine, a business plan for a loan request can stay to a single page. A funding partner may ask for one, and writing it also lets the owner check that the payment fits before anyone else looks at it. Take an invented print shop in Pascagoula, MS that wants a wide-format printer for banners, trade-show displays and yard signs. Illustration only, invented figures, in the order the page would run:
- What the shop does and how long it has been operating
- The cost: the dated printer quote, $17,350 delivered with its print software
- Which jobs the printer takes on, and which of those the shop now sends out to another printer
- The payment: with the invented $17,350 spread over 36 months at a 12.35% annual rate, the shop pays $579.17 monthly and $20,850.12 across the term
- Where the payment comes from: the monthly revenue the owner expects from those jobs, stated as the owner's own estimate
- A safety check: at an invented $38,000 of monthly revenue today, that payment is 1.5% of one month's sales, before any new print work comes in
That last line is the one a reader can test. If the payment only works once the new jobs arrive, the plan should say so plainly.
Business loan documents checklist for an ADAS calibration rig at a Pascagoula, MS auto repair shop
An ADAS calibration rig sets up the cameras and radar sensors in newer cars after a windshield, bumper or alignment job. In this invented case, an auto repair shop has a $24,300 quote for a calibration frame, a set of target boards and the software license. The records a funding partner may ask for once a request is open:
- The dated quote, with the make and model of the frame and what the software license covers
- Recent business bank statements
- The shop's most recent business tax return, or its year-end profit and loss figures
- A list of the commercial and insurance accounts that pay the shop on terms
- Owner identification and the ownership split of the business
Calibration work asks for a level floor and room to walk around the car. Leveling a floor or moving a wall for it counts as property work, which stays outside this site; the frame, the targets and the license are what the request names. Payment math for the rig itself can be run on the equipment loan and balloon payment page.
Official websites for Pascagoula, MS and Jackson County, MS: where rules and fees are confirmed
Licenses, zoning questions, fees and filing dates are set by the offices that issue them, and this site does not restate them. The two official websites below are the places to start: the City of Pascagoula, MS website and the Jackson County, MS website. A business owner who needs a rule confirmed before a lease or a purchase of equipment can call the office that publishes it and note the answer with the date.
A repair bill, motel linens and a payroll run in Pascagoula, MS: three different funding products
| Cost | Amount | Funding type | Invented terms | Cost of the money |
|---|---|---|---|---|
| Compressor repair on a restaurant's walk-in freezer | $4,860 | Line of credit draw | 31 days at 14.05% a year | $57.99 of simple daily interest |
| Linens, towels and laundry carts for a motel | $6,420 | Term loan | 12 months at 15.1% a year | $579.76 a month, $6,957.12 in total |
| One biweekly payroll at a cleaning company | $9,180 | Working capital loan | 6 months at 16.2% a year | $1,603.10 a month, $9,618.60 in total |
The repair bill is short and repays itself within weeks, so a draw on a business line of credit fits it. The linens last a year or more, which suits a term loan. The payroll is a one-time gap, covered here by a working capital loan over six months. In each row a partner sets its own terms, and the figures above are invented.
By Deerbrook Lenders · Updated
