loyalbank st vincent
Business Plan.
a. Please provide us with the outstanding business plan; the document provided is just the signed Business Plan Guide, Kindly advise the customer to base his OWN Business Plan using the guide and not to forget to include the “Declaration/Commitment” sentence stated at the end of the guide.
I followed their guidance and answered all questions, and they say that I just signed their business guide.
Could you show me examples of business plans that are acceptable for banks?
Do they want 20 pages with graphics good looking plan or what?
And why have I to convince them so hard︀ and jump through hoops and loops in order to give them MY MONEY?
I am︁ not asking for a loan or anything....
GUIDE FOR BUSINESS DESCRIPTION PLAN COMPLETION
1. EXECUTIVE︂ SUMMARY, PRESENTATION OF THE UBO & PURPOSE OF THE ACCOUNT
Short presentation of the︃ company, of its primary business, and purpose of the account.
Profile of the UBO/Account︄ Holder, outline their business experience, and include their academic and
professional background.
State the︅ origin of funds used to finance the business
2. DETAILED BUSINESS PRESENTATION
What products︆ or services does the company provide? Please be specific, and describe the existing or estimated︇
business cash flow and supply chain.
Who is your target audience and markets? How︈ are you planning to market your products and/or services?
Who are the main partners︉ payments will be received from? We require their company names, website (if
applicable).Where there is︊ no website then exact address of the business partner, contact person’s name, mobile
phone, email︋ address and a short description of their business activity
Please list the main parties︌ to which payments will be made from the LBL account of the Company. We need︍ their
company names, website (if applicable). Where website is not available then exact address, contact︎ person’s
name, mobile phone, email address and a short description of their business
Address️ of the Company`s head quarters
How many full time employees does your company employ?
Contact phone number (mobile is preferred), Fax number if available, Corporate email address
Website address of the company
3. FINANCIAL ESTIMATIONS
What is the estimated turnover for the 1st/2nd/3rd year? First year is mandatory.
What is your forecasted revenue and expense for the first business year?
Estimated number of yearly and monthly transactions.
4. FUTURE PLANS
What are the plans and forecasts for the future (projects, products, services, new markets, etc)
Declaration/Commitment
Company shall declare that all its business will be free from money laundering and terrorist financing, gambling, gaming, adult
entertainment as well as other criminal activities and︀ any other business activity prohibited by Loyal Bank policy. Company accepts that
Loyal Bank will︁ report to the local authorities any financial activity or account behavior related to the above︂ range of activities.
Special regulatory requirements:
- Where specific business licenses or permits are required︃ to meet industry regulatory requirements, copies of those licenses or
permits are to be submitted︄ with the application.
- Where your company represents or accepts third party funds for investment︅ on their behalf, copies of your internal due
diligence and Know Your Customer procedures, anti-money︆ laundering and anti- terrorist financing policies and procedures
should also be attached.
- Where you︇ have investment agreement with your customers, a sample of it is requested.
Date …. /.…/…︈ ……………………………………………………….
Account Holder`s Signature
