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    What is a Business Plan?

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    What is a business plan?

    What components would you include in your business plan to gain the attention of the loan officer at a commercial lending financial institution?

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    Solution Preview

    A business plan is a written outline or statement of the goals of the business venture and how the business owner intends to achieve the stated goals.

    Business plans are used for new and existing businesses. When an existing business decides to expand it should revise its current business plan. A business plan is not a document that is drafted and simply ...

    Solution Summary

    This solution explains what a business plan is and what parts of it can be highlighted to gain the attention of a loan officer.