Hurricane Harvey hit the bakery in August 25. The SBA disaster loan for $873 thousand allowed them to purchase new equipment and supplies, and even hire extra employees to help during the holiday season. The bakery opened just 17 days after the storm, and six weeks later, they were able to return to normal operations.
A business plan tells you where your business is in its life cycle and where your business is going. It tells your Bank, Lenders and Investors just how financially and economically feasible your operations are and most importantly it outlines how you plan to pay back any loans, obligations, and return on investment.