Bill Bartmann Lecture Series – Part 9 – Bill Bartmann Tells How to Create a Loan Proposal

April 14, 2009 - PRLog -- Tulsa, OK – Bill Bartmann has already explained to his students how to create a winning business plan which is an important part of a loan proposal.  Bill Bartmann’s lecture series continues as he explains to his students the powerful message they are conveying in a loan proposal document.  Bill Bartmann explained “The loan proposal that you present to a lender should be very simple; yet informative.  This document should contain all the answers to the questions that are commonly asked by a loan officer.  Remember, though it may not always appear so, lenders want to make business loans; this is how they make money.”

Bill Bartmann went over the 12 sections that a loan proposal should contain, beginning with the Executive Summary.  “This is a brief overview of your business and highlights of what is in the rest of the document; this is where the loan officer will decide if he is interested in reading the rest.  Be sure to say a lot while using few words to gain his interest.”

Bill Bartmann continued the lecture by explaining each section of the loan proposal and how it shows an entrepreneur is serious and educated; he knows what his is doing, and he shows that he understands the business loan from the lender’s point of view.  

Bill Bartmann surprised the students when he said, “Lenders generally have two fears; one is that you will fail; therefore, being unable to pay them.  The second fear that they have is that you will succeed!  Yes, they fear that you might be too successful and that you will not be prepared for an increased volume of business.  If you cannot meet the demand and deliver; if you do not have enough well trained employees to fill orders, customers will be disappointed and your reputation will suffer and your business could ultimately fail.”

Bill Bartmann gave the students a few minutes to grasp this information, then he explained how the last two sections of the loan proposal, the employee handbook and the employee training manual shows that they are prepared to hire new help as the business grows.

Bill Bartmann ended the lecture as he said, “A well prepared loan proposal will give lenders the impression that you are well prepared to go into business and to be successful.  You should present yourself as an intelligent, experienced business person with the necessary qualities and attributes to operate and grow your business.

Bill Bartmann has borrowed $3.1 Million dollars in 120 transactions from 180 lenders to fund businesses.  He has never used any of his own money for business.  Read Bill Bartmann’s complete article about how to create a loan proposal at http://billbartmannhowtowritealoanproposal.blogspot.com/

Contact:

Bill Bartmann
8556-C E 101st Street
Tulsa, OK  74133
918-388-3328
bill@billbartmann.com


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