Executive Summary Introduction FynbosFarm will be a project built around a highly successful businessman and the development and training of skilled and semi-skilled staff in the hydroponics and instant turf market. The project aim is to carry out intensive and high turnover production, off a small area, while providing work and leadership experience for local women.
When submitting a business plan to a lender or investor, it is important to include a business plan cover letter that is addressed to the person who will review the business plan. People starting a small business may spend hours preparing their business plan, but not give much thought to the cover letter.
This is a mistake. The cover letter is an integral part of the plan. Even if the applicant knows the lender, they should still submit a formal business plan with cover letter. If they do not know the lender, they should remember that the lender will judge them by the content and tone of the letter.
The letter should be short, not more than one or, at the most, two pages. It should state right at the beginning that a business plan is attached, and that the applicant is applying for a business loan to start or develop a business.
It is important to state clearly the benefits for the bank or investor. They need to believe there will be a good return on their investment, or that the loan will be repaid on time.
Some tips for the style of the letter are: It can relate some marketing facts, focus group responses, demographic data or other key statistics from the business plan, but it should not be overloaded with these facts. It can have just enough to present the business as viable and show that the applicant has done his or her market research.
The rest of the statistics are in the plan.
There should also be a brief mention of the financial position without going into too much detail. The letter can mention how much has already been invested in the business, and what profits are projected for the next year or two.
This will show the lender or investor that the business is worthwhile.
Here are examples of a business plan cover letter. It should be personalized for each lender or investor to whom it is sent.You already know you need a business plan – so here you’ll find a few tips on business plan writing and a sample business plan for a life coaching business.
Life Coaching Business A Few Quick Tips on Writing a Business Plan for a Life Coaching Business. Give yourself time to write it. You may even need to write it over the course of a few days.
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Mid-South Physician Alliance Inc. and Mid-South Health Plan Business Review Letter (March 30, ) Request Letter: Mid-South Physician Alliance Inc.
and Mid-South Health Plan (September 22, ) AdviNet Inc. Business Review Letter (May 12, ). Business letters form an important way of communicating in the business world. It is a formal letter and should be written in a formal style with a cordial tone. It is a formal letter and should be written in a formal style with a cordial tone.
A guide to writing the financial section of a business plan developed by SCORE of northeastern Massachusetts. Editorial Disclosure: Inc. writes about products and services in this and other articles. 36+ Sample Business Proposal Letters – PDF, DOC. Sample Business Proposal Letter to Download.
Details. File Format. DOC; Size: 7 KB You may draft a business proposal letter not just with the idea of starting a new business plan but also for the expansion of the current business.
The submission of such letters is usually made to.