Do I Need a Business Plan To Obtain an SBA Guaranteed Loan?

My SBA Loan Pro Podcast - A podcast by Ryan Smith

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The simple answer is yes you do. The purpose of the business plan is twofold. Number one, it demonstrates to potential lenders your fitness as a business owner and entrepreneur to develop and execute a winning business strategy. Number two, it provides these same lenders the information they require to make an informed credit decision regarding the future financial success of your new venture. Resources  ⁠⁠⁠⁠ ⁠https://mysbaloanpro.com⁠⁠ - My SBA Loan Pro Podcast  ⁠https://youtube.com/@mysbapro⁠ - YouTube Channel⁠⁠⁠⁠ ⁠https://thinksba.com/faq⁠⁠⁠⁠ - Frequently Asked Questions ⁠⁠⁠⁠⁠⁠https://mysba.pro/page⁠⁠⁠⁠ - Google Business Page & Reviews ⁠https://mysba.pro/cal⁠⁠⁠⁠ - Schedule Call