August 15, 2008, Newsletter Issue #10: When Do I Need To Write A Business Plan?

Tip of the Week

There are many successful businesses that do not have a business plan. You will need a business plan if you are planning on getting bank or government loans and grants. You will need a business plan if you are seeking venture capitalists and investors. You will especially need a business plan if you are applying for a SBA loan (www.sba.gov)--it is a requirement for this type of loan.

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