Chapter 8 - Lesson 2
Commercial Lending

A well-written business plan is an extremely important document for any small business seeking a commercial loan. Many web sites offer sample plans and tips to entrepreneurs who are writing business plans. Visit a typical site operated by American Express to answer the following questions.

Suggested keywords: business plan, American Express
Web site: http://home3.americanexpress.com/smallbusiness/tool/biz_plan/index.asp

Your Name:	Today's Date:
Question 1: According to the site, what are the seven key elements of a business plan?
Question 2: What are investors looking for in a business plan? (Hint: Click the ''FAQ'' link.)
Question 3: If you were a small business owner, would you hire someone to write your business plan or would you write it yourself? Explain your answer.