It is a good idea if you draft a loan proposal. This will give you better odds in finding a loan and streamline your explanation of why you need the loan. When drafting the loan proposal, it should contain all the pertinent company information: description, organizational structure, past financial records, and a valid forecast of future earnings as a result off the loan. To be complete, the loan proposal should also present the company’s plan of dealing with lean times. All information in the proposal should be accurate and presented well. It is a good idea to err on the side of caution as banks tend to put aside proposals that are too optimistic.