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Published byTariq Mangin Modified over 9 years ago
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Credit Score 650 or Greater www.freecreditreport.com Debt to Income Ratio 45% or Less Net Worth Is it Liquid Are Assets Inflated
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1. Executive Summary 2. Market Analysis 3. Company Description 4. Organization & Management 5. Marketing & Sales 6. Service or Product Line 7. Funding Request 8. Financials 9. Appendix – As Needed
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1. Overview of Entire Plan 2. History 3. What and Where 4. Attention Grabber 5. Why is it Successful 6. Last Section You Write
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1. Knowledge of Industry 2. Industry Description 3. Target Market 4. Highlights and Conclusions of Marketing 5. Competition
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1. Forming a LLP, LLC, or Corp. 2. Who 3. Where
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1. Structure 2. Again With The Who? 3. Ownership 4. Pofiles - Appendix
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1. Strategies 2. Customers 3. Where And When Are Sales
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1. What Are We Selling: 2. Hunt? 3. Meat? 4. Breeding Stock?
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1. Amount 2. Terms 3. Starting? 4. Expanding? 5. Different Scenarios - Appendix
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1. Current 2. Historical – Owned or Expansion 3. Prospective – 3 years
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1. Catch All 2. Resumes 3. Pictures 4. Projections 5. Plans 6. Market 7. Articles
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Relationship Types Market Location
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Ag Lender Experience Comfort Level
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New & Existing Operations 1. Personal Financial Statement 2. Entity Financial Statement 3. Tax Return 4. Income Verification 5. Debt Verification 6. Business Plan 7. Pro Forma Cash Flows and Balance Sheets
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Five C’s Of Credit 1. Character 2. Capital 3. Capacity 4. Collateral 5. Conditions
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1. Management Ability 2. Longevity 3. Expertise – Team of Experts 4. Integrity – Solid Business Plan 5. Relationships 6. Reputation
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1. Assets 2. Liabilities 3. Financial Structure 4. Financial Terms 5. Financial Strength 6. Stability 7. Adequate Liquidity
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1. Repayment Ability 2. Historical Earnings 3. Projected Earnings 4. Coverage Ratios or Repayment Ratios 5. Verifiable Market Plan
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1. Collateral Detail 2. Operating – Market Livestock 3. Term – Breeding or Equipment 4. Long Term – Real Estate 5. Values 6. Percent of Loan to Value – 65% 7. Documented Market Prices
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How is the Bank going to manage the credit risk? 1. Length of Term 2. Inspections 3. Covenants 4. Payment Schedules 5. Equity Requirements
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How do I get financing for both land and livestock? Can I run animals as a absentee owner? Can I buy land and at some point in the future use equity to purchase livestock?
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