Jefferson is interested in starting his own business. He plans to borrow money from the local bank in order to finance the business. They will require him to submit a business plan and a(n) _____.

A bank considering a business loan needs to see how the business will use the money and how it expects to repay it. A financial plan includes projected costs, revenue, and funding needs, so it complements the business plan. The best answer is “financial plan.”

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