Who this is for
- Owners of an existing business applying for a commercial loan or line of credit
- People buying a business or a commercial property who need a plan for the lender
- Owners who have been given a lender's checklist and are not sure how to answer it
What to bring
- What the financing is for and how much is being requested
- The lender's checklist or requirements, if you have them
- Your last two years of tax returns and financial statements, if the business is established
- Recent bank statements
- Any quotes, purchase agreements or leases connected to the request
- A rough description of the business, its customers and who runs it
What is included
A business plan for a lender usually needs these parts, and we prepare each with you:
- Business overview. What the business does, its history, its customers and who runs it.
- The request. How much, what it is for, and how it will be repaid.
- Use of funds. Where the money goes, with quotes or agreements where they exist.
- Existing financial information. Drawn from your returns, statements and books.
- Market and competition. Who the customers are, who else serves them, and why the business can compete.
- Operations and staffing. How the business runs day to day and who does the work.
- Sales assumptions. What the forecast expects to sell, and why.
- Projections. Where the lender asks for them: projected cash flow, profit and loss, and the balance sheet assumptions behind them, built from your actual records.
- Repayment. A plain explanation of how the loan will be repaid from the business’s cash flow.
- Executive summary. One page a lender can read first, written last.
We do not prepare audited or reviewed financial statements as part of this service.
The lender decides whether financing is approved. Rex Tax does not guarantee financing and is not acting as the lender or broker.
How it works
- Call or request a callback. Tell us what the financing is for and what the lender has asked for.
- We meet and go through your records. We confirm what is needed, the fee and the timeline.
- We prepare the plan with you. You review each part. We revise after lender feedback as agreed.
Timeline
How long a plan takes depends on how ready your records are and what the lender asks for. We agree a timeline at the first meeting, and tell you early if something will hold it up.
Fees
Business plans are quoted after we understand the lender’s requirements and the research and projections involved. We confirm the fee before we begin. See how our fees work.
Common questions
Can you work with an existing business rather than a start-up?
Yes. Most of the plans we prepare are for businesses that already operate and need financing to buy, expand or refinance.
Are cash flow projections included?
Yes, when the lender asks for them. We agree with you how far ahead to forecast and what to assume. We build the numbers from your real records. We explain what drives them, so you can answer the lender's questions.
Can you revise the plan after the lender gives feedback?
Yes. Lenders often come back with questions. We agree at the start how revisions are handled.
Is the loan approval guaranteed?
No. We make sure the plan is complete, clear and based on realistic assumptions. The credit decision is the lender's.
Can I speak to someone in Punjabi or Hindi?
Yes. Tell us your preferred language when you call or request a callback.
Read before you call
This page describes our service in general terms and is not advice about your individual situation.