Action Steps for Developing a Loan Proposal

If you in the process of developing a loan proposal, the ASBDC offers the following suggested Action Steps. These steps are intended to help guide you through the process as point you towards suggested information and tools.

Step 1: Review the Suggested Contents of a Loan Proposal

The Developing a Loan Proposal: Suggested Contents can serve as a guide as you develop your loan proposal.

• Developing a Loan Proposal: Suggested Contents

Step 2: Take the ASBDC online Creating a Loan Package

Participating in the online Creating a Loan Package course will provide you with a good foundation as you begin to develop your proposal.

• Creating a Loan Package

Step 3: Develop a Draft Loan Proposal

Developing a Loan Proposal: Suggested Contents should be the basis for developing a draft of your plan.

• The Do's and Don'ts of Developing a Loan Proposal

Arkansas Residents who would like a request a review of their loan proposal can contact their local ASBDC office. The ASBDC staff can review your loan proposal and provide suggestions and feedback.

• SBDC offices

Step 4: Update and Revise as Necessary

It is time to finalize your loan proposal. It is recommended that you have someone proofread the proposal for grammar and spelling issues as it is important to present a polished and professional image. (The ASBDC does not offer proofreading services.)

Step 5: Submit Loan Proposal to the Potential Lender of Your Choice

The Arkansas Small Business Development Center is funded in part through a cooperative agreement with the U.S. Small Business Administration through a partnership with the University of Arkansas at Little Rock College of Business and other institutions of higher education. All opinions, conclusions or recommendations expressed are those of the author(s) and do not necessarily reflect the views of the SBA. It is the goal of UALR to eliminate discriminatory harassment and to promote equal opportunity regardless of race, gender, color, national origin, sexual orientation, age, religion, veteran’s status, or disability.