Business Plan

Lenders offering business loans and startup loans do check your credit score during the application process. Having a bad credit score can play out adversely for your loan application. So you should take some time to improve your credit before applying for loans. But in the case of startups, where you have very less credit history and need funds immediately, waiting for your credit score to improve is not feasible. 

An entrepreneur has specific purposes in starting his/her business. The business plan makes it easy to reach the goals. The business plan if normally helpful while securing funding from banks and investors or to conduct market analysis. However, the business plan tends to be complex. A roadmap is thus used to complement the business plan and provide specific direction about the various roles, tasks and responsibilities.