Before applying for funding or broaching financing conversations, it is important to create a strategic plan that details how you plan to grow the business, building off your existing business plan and using financial forecasts to establish short-term and long-term goals.
his plan will not only serve as a roadmap to get your business where you want it to go, but also aid in financing requests because investors and lending organizations will want to see that you have a well-organized approach for growing the company. With your strategic growth plan in place, you can approach investors and lenders across a multitude of funding options.