Loan Application Business Plan
Thread Starter
Join Date: Apr 2006
Location: Location: Location
Posts: 38
Likes: 0
Received 0 Likes
on
0 Posts
Loan Application Business Plan
Evening all,
I have recently passed the Pilap tests at Cabair and can now apply for funding with HSBC. Having noted that HSBC require a full business plan to accompany the loan application I have made a few attempts, however to my mind these have looked somewhat amateurish!
I have poured over various sites offering templates for business plans but these seem geared more towards loans for business development/start-up and not for career development.
Can anyone that has recently prepared a business plan point me in the right direction or even offer examples of things that worked for them?
All help is greatly received!
I have recently passed the Pilap tests at Cabair and can now apply for funding with HSBC. Having noted that HSBC require a full business plan to accompany the loan application I have made a few attempts, however to my mind these have looked somewhat amateurish!
I have poured over various sites offering templates for business plans but these seem geared more towards loans for business development/start-up and not for career development.
Can anyone that has recently prepared a business plan point me in the right direction or even offer examples of things that worked for them?
All help is greatly received!
Join Date: Mar 2007
Location: Europe
Posts: 76
Likes: 0
Received 0 Likes
on
0 Posts
Hey there,
Done my business plan for the banks a few months back so thought Id tell you whats worked for me.
Best thing to do is to clearly break it down into seperate sections that make for easy reading. I started off with an overview explaining exactly what the loan is for , how much cost is involved in training and also included figures representing number of graduates obtaining airline jobs each year from the FTO of my choice. I also included a list of potential earnings with different airlines.
I then moved on to outline my own personal details/qualifications/flying experience.
Next, I included a breakdown of entire expenditure for the duration of the course including living expenses an accommodation. Include a schedule showing when each payment is due and the amount. Also show the exact figure youre applying for (max £50k with HSBC), along side your own personal contribution. Important to also list your assets and debts as this will be of great interest to the bank.
This lead on to the security, include details of whatever you propose to use for this.
The last bit is the most important part of your business plan , the contingencies. You need to confidently explain what you`ll do if say you lose your class 1 or cannot find airline employment - both in the short and long term.
Hope this helps in some way, im sure if you spoke to someone at cabair they would be able to provide you with some more tips.
Best of luck
Done my business plan for the banks a few months back so thought Id tell you whats worked for me.
Best thing to do is to clearly break it down into seperate sections that make for easy reading. I started off with an overview explaining exactly what the loan is for , how much cost is involved in training and also included figures representing number of graduates obtaining airline jobs each year from the FTO of my choice. I also included a list of potential earnings with different airlines.
I then moved on to outline my own personal details/qualifications/flying experience.
Next, I included a breakdown of entire expenditure for the duration of the course including living expenses an accommodation. Include a schedule showing when each payment is due and the amount. Also show the exact figure youre applying for (max £50k with HSBC), along side your own personal contribution. Important to also list your assets and debts as this will be of great interest to the bank.
This lead on to the security, include details of whatever you propose to use for this.
The last bit is the most important part of your business plan , the contingencies. You need to confidently explain what you`ll do if say you lose your class 1 or cannot find airline employment - both in the short and long term.
Hope this helps in some way, im sure if you spoke to someone at cabair they would be able to provide you with some more tips.
Best of luck
Last edited by G-GOLF; 20th Apr 2010 at 22:09.
Join Date: Oct 2007
Location: London
Posts: 21
Likes: 0
Received 0 Likes
on
0 Posts
Hi Jonny,
I got accepted for the HSBC loan for Cabair (i start tomorrow actually!).
In my business plan I talked about the amount of new aircraft on order at the moment. Its fairly easy to do a search on google and find some figures for Airbus/Boeing current order books. There also figures out there for regional aircraft and there popularity with airlines at the moment. I used this just to make the point that all these new aircraft will require pilots (where you come in). Also managed to find some figures for projected growth in business aviation over the coming years by googling.
Its fairly hard to be overly positive about the current UK industry but i did put a paragraph in about the Indian/Chinese markets and how strong they are at the moment. I stressed that I would be prepared to be flexible in finding my first job.
They are also really keen on you having a contingency plan. Make sure you plan this out and be as specific as possible about what you would do should it all go tits up. I remember in the interview they were quite pleased to hear that i could go live back with my parents should the worst happen. I don't know if that's an option for you but that is the sort of thing you should mention.
Hope that helps. If you need any more info pm me.
Phil
I got accepted for the HSBC loan for Cabair (i start tomorrow actually!).
In my business plan I talked about the amount of new aircraft on order at the moment. Its fairly easy to do a search on google and find some figures for Airbus/Boeing current order books. There also figures out there for regional aircraft and there popularity with airlines at the moment. I used this just to make the point that all these new aircraft will require pilots (where you come in). Also managed to find some figures for projected growth in business aviation over the coming years by googling.
Its fairly hard to be overly positive about the current UK industry but i did put a paragraph in about the Indian/Chinese markets and how strong they are at the moment. I stressed that I would be prepared to be flexible in finding my first job.
They are also really keen on you having a contingency plan. Make sure you plan this out and be as specific as possible about what you would do should it all go tits up. I remember in the interview they were quite pleased to hear that i could go live back with my parents should the worst happen. I don't know if that's an option for you but that is the sort of thing you should mention.
Hope that helps. If you need any more info pm me.
Phil
Join Date: Mar 2007
Location: Europe
Posts: 76
Likes: 0
Received 0 Likes
on
0 Posts
hey, umm i usually look at www.abtn.co.uk - usually gives things like that. Not sure about any online tables but magz like airliner world list out recent orders/new registrations.
Last edited by G-GOLF; 20th Apr 2010 at 22:10.
