Mastering SBA Business Plans: Types of SBA Deals Requiring Business Plans

So you don't need the business plan right away in the process, because we don't know if you're going to be getting this property, or another property, or this business, or another business. But when you put in, say, a letter of intent on the business that you're buying, or you put in an offer on the piece of property that you're buying, and you're going through that process, and you're about to go into underwriting with the lender, that's the time that you need a business plan. And so when people come to us, it's usually the very last thing that they need before they go to underwriting. The good thing with us is that we have a really rapid turnaround with our business plans—four business days.