You must provide a separate Business Plan when applying for a loan under the Brexit Loan Scheme (the “Scheme”). The requirement for a Business Plan under the Scheme is to assist you in reviewing your business and to plan for Brexit and future business strategies.
The template below sets out the suggested headings to be used in the preparation of your business plan and the content. The level of detail will be determined by the complexity of your business, the level of finance being sought and the finance provider’s prior knowledge of you and your business. Complex businesses with multiple products and outlets would require more detailed plans than less complex businesses and where the applicant is well known to the financial provider.
To assist in determining the level of detail that you should include, the headings have been presented in the form of core and optional sections with the core sections set out in bold type. The core sections must be completed for loans <€150K. All sections should be completed for loans >€150K
Brief description of the business
History of the business, key milestones. Goals and overall strategy of the business.
Describe the key products or services
Describe each product in terms of life cycle, target customers, geographical split of sales, distribution channels, marketing.
Set out employee numbers by broad function. Senior management team and key personnel.
Legal structure of the business e.g. limited company, sole trader, partnership etc.
Name of Accountant
Other advisers relevant to the business e.g. solicitors, engineers etc.
Principal suppliers and what products and/or services they provide. Details of terms of trade (not necessary if well known to the finance provider).
Location of business premises including value, debt, etc.
If premises are rented, detail the amount and lease details. Key equipment used for the business, detailing its value and how it is funded.
List the key risks affecting the business and how it responds to those
List key competitors and business position relative to them. Consider SWOT analysis of the business.
What are the economic conditions the business is facing?
Is the business exposed to other risks e.g. foreign exchange or interest rate fluctuations?
Latest Financial Accounts
Details of the business’s funding (loans, security, finance providers).