Business Plan is a vital document when you apply for any business funds, loans or grants. It should clearly states your business mission and vision and concisely explain your benchmarks, marketing strategy, analysis of your revenues, costs, and projected profits, etc.
Kelid™ offers assistance and guidance in preparation for three main categories of business plans:
1-Small Business Funds (e.g. loans or grants):
Most start-up or small businesses may plan for significant changes or a major expansion which may need a full business plan. A loan proposal or business plan can also be used requesting for refundable or non-refundable fund or to seek financing for a business purchase. A Business Plan should contain the following criteria:
-The writing should be clear, easy to understand and concise
-Special attention should be given to the layout and content
-The plan should include all the important factors but should not be too long or boring
-The Executive Summary is the most important part of the document as it is usually read first to get an overview of the document
-Proper management qualifications should be highlighted to create a feeling of confidence for reader
-The plan should indicate that you are aware and up-to-date of what’s happening in the market
-Indicate and list your competitors
-Should not have an unusual accounting format
-Should have precisely structured financial analysis and forecasting
2-Business Construction Loans:
Unless you are paying cash for your project, you will need a construction loan to pay for the materials and labor, and you can use it to buy the land as well. Construction loans are a little more complicated than conventional mortgage loans because you are borrowing money on something that doesn’t yet exist. The bank wants assurances that you (and your contractor if you are hiring one) can get the house built on time and on budget. Each construction loan is different, because no two development or redevelopment projects are identical.
General requirements are:
1-Written application; 2-Registration certificate; Memorandum of association; Article of association; 3-Trade license; 4-Feasibility study (if deemed necessary); 5-Balance sheet; 6-Recent income statement; 7-Copy of land holding certificate or lease holding certificate; 8-For construction of new building: Approved site plan; Approved architectural plan; Sanitary plan; Electrical plan; Bill of quantity; Work permit 9-For purchase of existing building; Approved site plan; Approved architectural plan; Purchase agreement10-Minimum contribution
3-Canadian Immigrant Investors:
The Government of Canada committed to attracting investment for Canadian companies as well as successful entrepreneurs through the Business Immigration Program. The Canada Business Immigration Program is intended to help investors, business owners or self-employed people to enter Canada. Business class immigrants are expected to strengthen the economy.This was committed through the recent announcement of a new Start-Up Visa pilot program for immigrant entrepreneurs that began on April 1, 2013.
Kelid™ prepares professional business plans to strengthen the immigrants’ applications by demonstrating your knowledge of business in Canada, and the benefits you will bring to the economy and culture of Canada. Immigration officials would like to see that immigrants have a very clear understanding of how the new business will operate and succeed in Canada. Immigration officials want a clear explanation of the business, which provides details on all aspects of the business, and is easy to navigate. Detailed financial statements and projections should be precisely and realistically demonstrated showing the business concept is sound and the business can succeed. It is highly essential that the business plan determines you have thoroughly researched the area immigrant wish to move to, the market niche and the competitors.
For further information please contact us.