Let’s discuss the standard format for the project report for bank loans of new businesses.
Introductory page
- On this page, the introduction of your new business is to be given
- The aim of the business and on what purpose you have chosen this business all these points should be mentioned in this introductory part
Summary of the project
- Summary of the project should consist of the overall status of the business
- Time to be consumed in working or manufacturing something should be there
- The budget of the whole business should also be mentioned
Scope of the project
- Scope of your business should be clearly described
- It should contain the percentage of work that you planned and the percentage of planned work that has already been completed
- Quick overview of results and planning of next steps should be included
Details of Promoters
- The promoters are the mediator for the business which helps for the promotion of the business
- The details of the promoters and their educational qualifications and work experiences etc. should also be given in the report
Details of Employees
- The details about the employees working this business should be written
- Their educational qualifications should also be mentioned
- The work experiences and details about the top management should also be written
Infrastructure Facilities
- Information about infrastructure facilities should also be mentioned like whether the tools have been deployed or not
- Also, write about the conditions of the operational premises and what all are used
- Types of machinery used in the business should also be mentioned
Customer Details
- Information about customers should be well written like, what are the types of customers you have targeted for selling your business items
- The prospective customer’s details should also be mentioned like is they from a big organization and also what is their capacity of buying goods in this business
Regional Operations
- Many times a company opens branches in different areas or regions. The branches may be set up nationally and internationally, as per the requirements
- When you make a project report you have to write about the different setups you made in which region and also write about the operation teams
Fiscal Acquisitions and Tie-ups
- You have to write it down in the project report with whom you have done tie-up or which stock or acquisition you have taken and all details of it should be mentioned in the report
Means of Financing
- The financing in the business can be done by the financial corporation or the business partners or somewhere else
- So, it is very important that from where the funding is coming, so this all should be mentioned in the report
Balance Sheets
- Balance sheets tell about where the money has been spent
- Also in what areas and fields the spending has been done is also noted. Thus all the accounts of the business will be seen in this balance sheet
- It is important to show the balance sheets of your company to the bank and it should also be mentioned in the report
Profit and Loss Statements
- How much the profit will company make and how much profit is making the business has to be in the report
- Whether the business is making any profit or loss the statements should be shown to the bank and also being mentioned in the report
Fund Flow Statement
- The funding given by any corporate or government and where it is used and in what fields of business the funding is flowing should be mentioned in the project report
Break-Even Points Evaluations
- Give the evaluations of the whole project report in even points and mention everything about your whole business
- Project Feasibility Ratio: Deciding on the ratio of cost, discounts, and revenue
Conclusion
- In this conclude your whole project report in the short paragraph not more than two pages
Also Read: How to make a project report for taking a Mudra loan from Bank?
Also Check: Which bank has lowest interest rate on business loan?
