An executive summary is a brief document that provides a summary of a larger document or report. In the context of a financing request, an executive summary is a summary of the financial information and business plan that you are presenting to a bank or other financial institution in order to request funding.
The purpose of an executive summary is to provide a quick overview of the key points in your financing request, allowing the reader to understand the main points without having to read the entire document. It should be concise and focused, highlighting the most important information and explaining why the funding is needed and how it will be used.
Why does my bank want an Executive Summary?
Your bank is likely requesting an executive summary as part of your financing request because it provides them with a concise overview of your financial situation and your plans for using the funding. This can help them to quickly understand the key points of your request and make a decision about whether or not to provide the funding.
In addition to providing a summary of your financial information and business plan, an executive summary should also include an overview of your company’s goals and objectives, as well as any risks or challenges that you may face. It should be written in a clear and concise manner, and should be easy to understand for a non-technical reader.
Overall, an executive summary is an important part of a financing request because it provides a summary of the key points and allows the reader to quickly understand the main points of your request. It is important to take the time to carefully prepare your executive summary in order to make the most effective case for funding.