Start-up Loan Approvals Expected Down in 2013 According to SBA, Experts Say a Professional Business Plan Can Make the Difference, by Wise Business Plans
According to the Small Business Administration, loan approval rates for start-ups dropped in the second half of 2012 and are holding steady into the first quarter of 2013. Experts say proper planning on the part of the business owner can make it significantly easier to secure needed funding, but few entrepreneurs have the financial background needed to produce accurate and complete financial statements.
National Business Plan Writing (PRWEB) December 17, 2012
Business planning companies are stepping in to bridge the gap between real people with working business ideas and the intricacies of profit margins and startup funding requirements.
“Small business owners are often idea people and great managers, but the world of finance can be daunting to newcomers,” said Joseph Ferriolo, director of Wise Business Plans, a company that provides individualized, custom-designed business plans for startup and expanding businesses. “A professional business plan developer can help prospective and expanding businesses explain and showcase the financial information lenders want to see.”
While a carefully crafted business plan also includes extensive information on marketing strategies, leadership philosophies and services, detailed and extensive financial charts are crucial to its success as a roadmap to a strong business.
“We employ experienced writers with advanced business degrees to take the guesswork out of not only financial charting but the entire business planning process,” said Ferriolo. “Wise has already helped thousands of small business owners write successful business plans to secure needed funding.”
In a down economy, a strong plan can make-or-break a new business and mean the difference when it comes to getting approved for crucial loans.
“Sometimes you have to know when to ask for help,” said Ferriolo. “Part of being a smart manager is utilizing the strengths of other people in the right way. A Wise business plan writer can be your greatest ally in the quest for funding and success.”
Wise Business Plans, (http://www.wisebusinessplans.com) staffed with professional MBA writers, researchers and financial experts, is a trusted partner for businesses across a broad spectrum of products and services. Our mission is to empower our clients to make the best possible business decisions, boost company performance and facilitate their funding success by laying the groundwork for strong businesses that excite, inspire and retain talented and exceptional employees.
For the original version on PRWeb visit: http://www.prweb.com/releases/prwebwisebusinessplans/businessplanfinancials/prweb10239390.htm