Business plan

All borrowers have confidence in their enterprise vision, but a business plan shows how the vision will be brought to life. The business plan must show the following at least:

• What products or services will be offered
• Who will buy products or services from the business
• Where the products or services will be sold
• Who the competitors are
• If the product or service is new in the footprint
• What the business strategy is
• What regulations apply to the business
• The necessary registrations
  • VAT
  • Company tax
  • Social security
  • Local authority / municipal registrations
  • A bank account
• Other lenders to the business and amounts borrowed
• Know-your-customer (KYC) documentation
    
•  Download the full DBN SME Business Plan Guide here…
• Download the KYC requirements here…