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How to Make a Business Plan to Get a Loan

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He said the contractors hired to build the center are made up of mainly African-American-owned firms. The foundation has also committed to providing training and career centers so that it can create a pipeline for residents to get permanent, well-paying jobs. He also offered boxes containing more than 3, postcards from residents listing their reasons for supporting the center.

The center is envisioned as a acre campus made up of three buildings: There will be an underground garage and athletic center and an outdoor plaza and winding landscape. Still, there are more steps to take — a workforce has to be trained and hired, and formal agreements between the foundation and city have to be drafted and finalized.

There is also opposition: One organization has filed a lawsuit to block the entire development. Others are vowing to continue fighting for an ordinance that would freeze property taxes for nearby homeowners, and reserve 30 percent of all rehabbed and newly constructed housing for lower-income residents.

There were leaders of cultural institutions like the Chicago History Museum, high school administrators, clergy and activists. Margaret Schmid of Jackson Park Watch asked the commission to reject parts of the application because her organization does not agree with the plan to close Cornell Drive.

On Thursday, she said the group will continue to apply pressure through the federal review process. Leon Finney, chairman of the Woodlawn Organization, told the commission that he collected more than 5, signatures in favor of the project.

But ultimately she believes the center is the type of polished development a struggling South Side needs. How could we oppose it? Members of the coalition pushing for a community benefits agreement staged a protest and vigil. Like many others, the representatives emphasized that they are not opposing the center and would like to see it built. But they want lower-income seniors, residents who use housing subsidies and people who currently live around the center to remain.

While they are pushing for an ordinance that would have to be passed by the City Council, most of their demonstrations and public pressure have been on the foundation. Most of the City Council members spoke in favor of the center, but they did ask questions. One alderman wanted a more detailed breakdown of just where the economic impact calculations came from. Will the city pay for it? If starting a business, collect your personal bank statements from the last six months and prepare a list of all starting costs such as equipment, inventory and fixture purchases; costs of leasing and build-out; as well as legal costs such as registering the business with the state.

Write a pro forma statement. Hire an accountant to write a pro forma statement, which is a projection of future expenses and earnings and are typically attached to a business plan when applying for a commercial loan.

Create a business resume. If the business does not yet exist, write a personal resume or hire a resume writer. Draft a business plan. A business plan is generally about 15 pages and begins with an executive summary--a set of bullet points that show earnings projections and a summary of start-up costs.

The business plan details how the company will operate, the products and services it will offer, operating hours, management structure, number of employees, wages and benefit costs, operating costs such as lease, insurance, licenses and permits and explains how the business will market itself.

Contact a professional business plan writer or business attorney or accountant to write the plan. Apply for a commercial loan.

Contact the lender and ask what documents are necessary to apply for a business loan. He later became an outplacement consultant, then a retail business consultant.

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Jun 27,  · A business plan is an important tool for managing and growing your business. A well-designed plan lays out a vision of growth and the steps needed to get there. A plan is also an essential.

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A business plan scholarship presented by Fit Small Business for higher education students with disabilities. Scholarship is based on original essay. 1. Gather all financial information. Before writing a business plan, you must have all pertinent information organized. Collect all financial statements, including profit .

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Get the best business coverage in Chicago, from breaking news to razor-sharp analysis, in print and online. Subscribe now. This business plan is for a public relations firm offering both traditional and non-traditional public relations services. It features highly developed goals, strategies for networking, a detailed discussion of the competition in the area, and comments from experts in the field.