Why do banks and commercial lenders deny loans to business owners in Virginia? There are 3 major problems banks have with bank loan application packages from Virginia businesses. Problem #1: Inadequate Credit Score or Collateral Each bank defines “adequate” differently. The amount of collateral or appropriate credit score needed depends on the loan program you qualify for and other factors. If you can’t show the bank that you’ll pay back the money, they won’t approve your loan. Problem #2: Entrepreneurs can’t articulate their vision How will you attract paying customers? Can you turn them into loyal, raving fans? Within your business plan, you MUST show how you will not only attract but also retain patrons. You must be able to express all this information in a clear manner to the bank underwriter. Problem #3: Virginia Entrepreneurs don’t know their numbers As a business owner you must know the numbers behind your company. You must be able to read and explain documents such as a profit and loss statement so you can alleviate the bank’s risk concerns about lending to your business. How Can You and Your Small Business Raise Capital? Through the creation of an investable business plan. There are 5 major components of a bankable business plan. Investable Business Plan Component #1 - Tell Them Your Market Opportunity & What Problem You’re Solving Investable Business Plan Component #2 - Tell Them Your Customer Acquisition & Retention Plan Investable Business Plan Component #3 - Tell Them Who’s On Your Team Investable Business Plan Component #4 - Tell Them About Your Competition & Your Competitive Advantage Investable Business Plan Component #5 - Give Them Your Financial Projections Who should help you write your “bankable” business plan? There are 3 Signs of a Great Business Plan Writer. 1) she has owned her own business outside of writing business plans and general business coaching/consulting. 2) she feverishly studies all aspects of business and keeps up to date on the latest information about lead generation and sales conversion, and 3) she knows how to read financial statements and can tell you what’s happening in the business based on the numbers. About the Author: Cheree Warrick, founder of The Profit Partner and professional business plan writer, develops business plans for companies throughout the mid-Atlantic (Virginia, Maryland, Washington D.C., New Jersey, Delaware, Pennsylvania, and New York) and helps her clients obtain bank loans or angel financing for their growing small businesses. Contact www.wewritebusinessplans.com to learn more.

1. Why do banks deny business
funding to Virginia Companies?
How can you be approved?
Cheree Warrick
Business Plan Expert. Speaker. Author.
www.WeWriteBusinessPlans.com

2. There are 3 major problems banks
have with bank loan application
packages from Virginia
businesses.
www.WeWriteBusinessPlans.com

3. Problem #1: Inadequate Credit
Score or Collateral
Each bank defines “adequate” differently. The
amount of collateral or appropriate credit score
needed depends on the loan program you qualify
for and other factors. If you can’t show the bank
that you’ll pay back the money, they won’t approve
your loan.
www.WeWriteBusinessPlans.com

4. Problem #2: Entrepreneurs can’t
articulate their vision
How will you attract paying customers? Can you
turn them into loyal, raving fans?
Within your business plan, you MUST show how you
will not only attract but also retain patrons. You
must be able to express all this information in a
clear manner to the bank underwriter.
www.WeWriteBusinessPlans.com

5. Problem #3: VA Entrepreneurs don’t
know their numbers
As a business owner you must know the numbers
behind your company. You must be able to read and
explain documents such as a profit and loss
statement so you can alleviate the bank’s risk
concerns about lending to your business.
www.WeWriteBusinessPlans.com

6. Question:
How Can You and Your Small
Business Raise Capital?
Answer:
Through the creation of an
investable business plan
www.WeWriteBusinessPlans.com

7. Testimonials For These Strategies
My experience on Shark Tank has
taught me how to spot the startups
most likely to succeed and get
funding. The strategies taught by
Cheree offer entrepreneurs the
best shot at receiving capital from
investors like me.
- Barbara Corcoran
Author of Shark Tales: How I Turned $1000
into a Billion Dollar Business and
Star of ABC's Shark Tank
www.WeWriteBusinessPlans.com

8. Testimonials For These Strategies
As in any business, it is not what you want to
sell that matters. It is what the customer wants
to buy. This book is a terrific reality handbook
for raising capital and understanding
EXACTLY what investors want to buy from you
when they are looking to invest in your
company.
-Valerie S. Gaydos
President, Capital Growth, Inc and
Founder of Angel Venture Forum
www.WeWriteBusinessPlans.com

9. Testimonials For These Strategies
Yes, it may be tougher to receive bank financing today than it
was 10 years ago, but banks are eager to lend. We're looking
for businesses with strong financial statements and business
teams that can take advantage of market opportunities.
Cheree does a first-rate job of explaining what the bank is
looking for and how entrepreneurs can position their
companies to receive bank financing.
-Richard Irons
Senior Vice President and Commercial Banker, First Citizens Bank
www.WeWriteBusinessPlans.com

10. Testimonials For These Strategies
As a commercial banker, I have the opportunity to
speak with lots of entrepreneurs and view plenty of
requests for financing. The strategies within "Creating
Business Plans that Actually Get Financed" create a
roadmap that all entrepreneurs should consider in order
to successfully receive bank financing.
-Rafael Martinez
Commercial Banker, Access National Bank
www.WeWriteBusinessPlans.com

11. There are 5 major components of a
bankable business plan.
www.WeWriteBusinessPlans.com

12. Investable Business Plan
Component #1
Tell Them Your Market
Opportunity & What
Problem You’re Solving
www.WeWriteBusinessPlans.com

13. Investable Business Plan
Component #2
Tell Them Your
Customer Acquisition &
Retention Plan
www.WeWriteBusinessPlans.com

14. Investable Business Plan
Component #3
Tell Them Who’s
On Your Team
www.WeWriteBusinessPlans.com

15. Investable Business Plan
Component #4
Tell Them About Your
Competition & Your
Competitive Advantage
www.WeWriteBusinessPlans.com

16. Investable Business Plan
Component #5
Give Them Your
Financial Projections
www.WeWriteBusinessPlans.com

17. Who should help you write your
“bankable” business plan?
www.WeWriteBusinessPlans.com

18. 3 Signs of a Great Business Plan Writer
1. She has owned her own business outside of writing
business plans and general business
coaching/consulting.
2. She feverishly studies all aspects of business and
keeps up to date on the latest information about
lead generation and sales conversion.
3. She knows how to read financial statements and
can tell you what’s happening in the business based
on the numbers.
www.WeWriteBusinessPlans.com

19. About the Author
Cheree Warrick, founder of The Profit
Partner and professional business
plan writer, develops business plans
for companies throughout the mid-
Atlantic (Virginia, Maryland,
Washington D.C., New Jersey,
Delaware, Pennsylvania, and New
York) and helps her clients obtain
bank loans or angel financing for their
growing small businesses.
Contact www.wewritebusinessplans.com to learn more.
www.WeWriteBusinessPlans.com

20. www.WeWriteBusinessPlans.www.WceomWriteBusinessPlans.com