Loan Program

BCW Can Help You DO MORE!

BCW, through its partners, wants to provide better access to micro and macro loans for your business as you make that important step.

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Loan Application Prep

Define Your Mission and Purpose

Clearly articulate the problem your business or organization addresses.
Explain why your mission is important and how it aligns with community or market needs.
Highlight your vision and long-term goals to show commitment and sustainability.
Assess and Justify Your Funding Needs

Identify how much funding you need and break it down by category.
Justify each expense by linking it to growth, revenue generation, or community impact.
How long would you like this loan?
What are the preferred payback terms?
Describe Your Business in Detail

Outline what your business does, your products/services, and your unique value proposition.
Who are your customers?
What are your revenue streams?
What is your market like?
Explain Your Business Structure

Define your legal entity (LLC, nonprofit, S-Corp, etc.) and provide your registration details.
Explain your governance model (e.g., board of directors, advisory team, management team, corporate structure, ownership breakdown).
Prepare Your Financial Information

Include at least 3 years of financial statements (or projections if new): income statement, balance sheet, and cash flow.
Show current revenue, profit margins, and expenses.
Be ready to provide your credit history, tax returns, and any outstanding debt information.
Outline Your Marketing and Sales Strategy

Describe your target market and how you plan to reach them.
List your key marketing channels and tactics (e.g., digital ads, community events, partnerships).
Include sales projections and a customer acquisition plan to show revenue potential.
Demonstrate Market or Community Understanding

Share relevant research or data about your industry, market trends, or community needs.
Include competitor analysis or case studies to show where you fit in.
Highlight how your offering fills a gap or adds value in the market or community.
Present an Outcome and Impact Measurement Plan

Define specific, measurable outcomes (e.g., # of customers served, jobs created, revenue increase).
List indicators or KPIs you will track to show success.
Explain how and when you will report progress to lenders, stakeholders, or funders.
Include Supporting Documentation

Attach letters of support, testimonials, or references that validate your work.
Provide visual aids (charts, product photos, logos) that enhance your story.
Add licenses, certifications, permits, or other relevant credentials to strengthen your case.