Guiding Borrowers Through The Maze Of Secured Loans

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It takes three to five months to put a comprehensive business plan together. A good plan will also include comprehensive market research and your response to it, and a detailed proforma that shows worst case, best case and most likely financial projections over a three to five year period.

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Guiding Borrowers Through The Maze Of Secured Loans.

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The banker has more modest goals--to get his money back with a specified rate of interest--but he is much more concerned about timing--getting the interest and principal back from you at prearranged points in time--and in protecting his original investment. The banker appreciates well-thought out numbers grounded in reality., Just as the venture capitalist tires of reading Business Plans with ridiculous or unsubstantiated projections

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