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Bank Loan Application Procedures
Working paper, Project report
JOBS Project
April 2000 |
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Without a business,marketing and financial plan you really cannot say why you are in business or where are you going. Although you may have a plan locked away in your head, experts agree that it is a very worthwhile excercise to formalise it and write it down. This will help you in thining about your business and will be an excellent form of communication which you can use to convince other people of what you are doing, particularly a bank wehn you are making a loan application.
The basis and content of a business, marketing and financial plan depends on the status of your business. New enterprises are concerned with different time frames and issues than established businesses but really there is no greater or lesser need for planning in big rather than small enterprises. The need to set directions, objectives and strategies and then strive to achieve them is universal. |
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| Last updated on: 12/20/2006 |
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