Project Report for Bank Loans for New Business
Project Report for Bank Loan for New Business
Project report is a document that is mandatory to submit to the bank if you are looking for a loan for the purpose of a business project report for bank loan for new business. Project report is required for both the condition whether our project is existing, or you will start further. You need to define your whole idea about your project to the bank so they can sanction your loan.
There are the following elements that should be mentioned in your project report. This is the format to write your project report for the bank loan.
Introductory page: On the introductory page a brief introduction should be written.
Summary: summary does means that the basic idea of the whole project
Details about the promoters: you are required to give all the details about the promoters.
Details of employees: details of the employees are needed for the project report. Their educational qualifications should also be mentioned, Work experience and details about the top management should also be written.
Details about Infrastructure: write about the conditions of the operational premises and what all are used Types of machinery used in the business should also be mentioned.
Details about customer: Information about customers should be professionally written like what are the types of customers you have targeted for selling your business items.
Fiscal acquisitions and tie-ups: You must write with whom you have done the tie-up or which stock or acquisition you have taken.
Means of financing: The financing of the business can be done by the financial corporation or the business partners or somewhere else.
Balance sheet: what areas and fields the spending has been done. Thus, all the accounts of the business will be seen on this balance sheet.
Profit and loss statements: if the business is making any profit or loss the statements should be shown to the bank and mentioned in the report.
Fund flow statements: The funding given by any corporation or government and where it is used and in what fields of business the funding is flowing should be mentioned in the project report.
Conclusion: In this conclusion your whole project report in the short paragraph not more than two pages.