What Do Canadian Banks Actually Require in a Business Plan?

If you've ever walked into a bank or sat across from a BDC advisor to ask about a small business loan, you've likely heard some version of the same response: "We'll need to see your business plan."

But what does that actually mean? What are Canadian lenders looking for — and what separates a business plan that gets approved from one that gets shelved?

At Bluebird Business Consulting, we work with Canadian entrepreneurs every day who are preparing to approach banks, credit unions, and government lenders. This post breaks down exactly what lenders want to see, section by section, so you can walk into that meeting prepared.