The well-planned launch of a business is vital to future business success. This package is designed to simplify the process of starting a new small business. The forms contained in this package are valuable tools that can be used to organize and track necessary tasks, create and present a business plan to potential investors/lenders, and more.
The Small Business Startup package contains the following forms:
Sample Business Plan Template
This form provides a guideline for you to fill in with the details of your particular business so that it can be used to seek funding and other participation. Sections are included for an executive summary, company description, market analysis, organization and management, service or product line, marketing and sales, funding proposal, financial projections, and more.
Checklist for Starting Up a New Business
This form is a handy checklist for the owner of a new business to use as a helpful tool in forming a new business. The form covers the stages of background planning, initial business transactions, and initial tasks that need to be accomplished to get the business up and running smoothly.
Projected Cash Flow Statement for Small Business Startup
This is a spreadsheet in Excel format that can be used in planning to start a new small business. It is an important tool that can be used to gain advantages with the management who controls the expenses, potential sources of borrowed money, potential equity investors, and the current shareholders.
Business Plan Slide Presentation
This is a Powerpoint slide presentation that outlines a business plan, with guidelines for adding your company's information to the slides. Topics covered include mission statement, management, business concept, competition, market strategy, financial plan, goals and objectives, and more. There are 13 slides included, which can be customized to fit your needs, and new slides can be added as needed.
Business Startup Costs Spreadsheet
This form is an Excel spreadsheet that can be used to calculate startup costs for a new business. It includes itemized categories for funding and costs, and is a valuable tool to help plan the financial aspects of your new business.
Customer Invoice Template
This is an invoice in Word format that allows you to itemize the product or service by quantity, description, and price. It includes shipping information and costs, taxes, as well as sections for notes and additional information. The top portion can be customized with your company logo and address, and contains a customer number, date, invoice number, and billing and shipping addresses.
Employment Application
This form is an employment application. Education, work history, criminal record, military service, and more are covered. The form provides that applications are considered without regard to race, color, religion, or veteran status.
Stand Alone Confidentiality and Noncompetition Agreement with Employee
A confidentiality agreement and covenant not to compete are important tools to protect your business interests. This form can prevent loss of customers and profits by protecting your production formulas, processes, and methods, business and marketing plans, pricing strategies, salary structure, customer lists, contracts, intellectual property, and computer systems.
Application for Name Reservation
File this name reservation form to reserve a unique business name for your corporation and prevent trade name infringement.
West Virginia Small Business Loans: A Detailed Description of Financing Options Are you a small business owner based in West Virginia looking for financial assistance to grow your business? Look no further than West Virginia small business loans. These loans are specifically designed to address the unique needs of small businesses in the state, providing them with access to the funds required to expand operations, purchase equipment, hire new employees, and much more. West Virginia small business loans are offered by various financial institutions, including banks, credit unions, and alternative lenders. These loans serve as vital lifelines for entrepreneurs, providing the necessary capital to propel their ventures to new heights. Let's take a closer look at the different types of West Virginia small business loans available: 1. Traditional Bank Loans: Traditional bank loans are a popular option among small business owners, offering competitive interest rates and longer repayment terms. To qualify for these loans, businesses typically need to meet specific criteria, such as a strong credit score, a well-established financial track record, and collateral. 2. Small Business Administration (SBA) Loans: SBA loans are government-backed loans provided through partnering banks or credit unions. These loans offer lower interest rates and longer repayment terms than traditional bank loans, making them an attractive financing option for small businesses in West Virginia. SBA loans come in various forms, including 7(a) loans, microloans, and CDC/504 loans, each catering to different business needs. 3. Microloans: Microloans are an excellent option for businesses in need of smaller loan amounts. These loans are typically offered by non-profit organizations, community development financial institutions, and some online lenders. Microloans often have more flexible credit requirements and can be used for a wide range of purposes, such as working capital, equipment purchases, inventory, or even to support marginalized business owners. 4. Alternative Funding Options: In addition to traditional bank loans and government-backed loans, West Virginia small business owners can explore alternative funding options. These include equipment financing, invoice financing, lines of credit, merchant cash advances, and crowdfunding. These alternatives cater to specific needs and offer unique repayment terms, making them suitable for businesses with varying financial situations. When applying for a West Virginia small business loan, it's important to prepare a comprehensive business plan, financial statements, and any other relevant documentation that showcases the viability and growth potential of your business. Additionally, it is crucial to familiarize yourself with the eligibility requirements and loan terms specific to each type of loan. Consider seeking professional financial advice or consulting with loan officers to ensure you choose the most suitable financing option for your business. In conclusion, West Virginia small business loans play a vital role in supporting local entrepreneurs by providing them with the capital necessary for growth and success. Whether you opt for traditional bank loans, SBA loans, microloans, or alternative funding options, these loans can help your business thrive in the competitive West Virginia market.
