Your Business Plan—The Foundation of Your Successful Start Up Business!
Business owners who are applying for a loan for start up through ENI must have a business plan they can submit as a part of their application. If you have already got a business plan, that’s great. Just get in touch with us to request a link to the online application process and you’re on your way.
The business plan is important because:
- It is the foundation for your start up venture indicating that you have thought carefully about short-term and longer term goals
- It confirms your commitment and seriousness to be a successful business owner.
- It provides information to show how you are intending to pay back the loan.
If you do not have a business plan yet, that’s not a problem….we can help you. Here at ENI, we want to help entrepreneurs, especially those who are just starting out in business. This is why ENI, through its network of LEAs (Local Enterprise Agencies) delivers the Go For It Programme which is funded by Invest Northern Ireland—we want to help you. The Go for It Programme is a government initiative which offers entrepreneurs who are looking to start a business, expert guidance and support as they develop their business plan.
Those who participate in the plan have access to a one to one initial assessment meeting, a group business planning workshop and one to one finance and business planning sessions. There is also access to best practice guides and professional advice, as well as additional information about grants and funding available.
This all leads to the completion of the participant’s business plan and financial forecasts which they can then use to support their loan application to ENI.
For more information on the Go For It Programme, visit their website at www.goforitni.com. You can register for the programme by calling 0800 027 0639 or by contacting your Local Enterprise Agency.
While the business plan plays a role in determining if your application will be successful or not, this plan isn’t just for us. Having a business plan will benefit YOU by having you think through every aspect of your business, understand what will be most important for growth and provide a financial structure (including repayment details) that will enable you to ensure that your business is moving in the right direction.
Starting a business and need finance? Then a Start Up Loan through Enterprise NI could be just what you need to transform your business idea into reality.
Call us now by telephone on 028 7776 3555