1. You are seeking a 3500,000 interest-free loan to purchase and run a 55-unit self-storage rental facility. The loan has a 10-year term. Your business plan indicates that each unit will be rented for $100 per month. Are you a good risk? What aspects besides your pro forma financial statements will the loan officer consider?
2. You want to open a retail auto parts store. Your business plan will be aimed at lenders and suppliers. Which elements of the business plan will be of most interest to them? Which elements will require extensive research? What sources do you think will be most helpful?