Q: Do I really need a business plan to get a business loan? — William

A: With few exceptions almost every traditional business loan source will require a business plan as part of the loan package. While non-traditional lending resources will most likely not require a plan, you would be double dumb not to complete one. Your plan should be developed and then used not only as a tool to getting funding, but also as a tool to assist you in determining just what funding terms your business can afford. Read more