Writing a Business Plan

[carole]

I have heard I need multiple versions of my business plan, and I should have a short version (5 pgs), long version (30-50+ pages) and a one page version. Is any/all of this true? If not, what is.

The purpose of our BP is to submit to potential lenders for real estate investing (purchase and rehab, and purchase for long term hold), and will be submitted to banks, SBA guaranteed loans through banks, and private lenders. SBA will NOT lend on purchase of real estate, only operating expenses including rehabbing.

Any recommended BP outlines?
What is the best business plan outline for SBA loans through banks?
Short, long or 1 page, or...?
What is the best business plan outline for bank loan?
Short, long or 1 page, or...?
What is the best business plan outline for private lenders (hard/soft money, equity position, etc.)?
Should I specify if I want a term loan or Line of Credit? What if I am flexible on that?
Anything else I should know or do?

I've been writing for 3 weeks but it has truly made me think about our business in more ways/details. Plus I'll have info for creating our website a lot easier.

[Diane Kennedy]

I did a teleseminar with Greg George, who does due diligence for Angel Investors, some time ago. Let me see if I can get that up for a replay. It was definitely a great teleseminar because it pointed out what kind of business plans you need and where you can find angel investors.

The easy answer is generally investors want the short one, then give them them the long one when they want more information.