Generate Bank-Ready Business Plans With Enloop.com
Not to be confused by Sanyo’s Eneloop rechargeable batteries, Enloop (www.enloop.com) is a free software-as-a-service (SaaS) solution that helps entrepreneurs and startups generate customized business plans complete with financial forecasts and ratio analyses and ready to present to financial institutions and investors.
Whether you are a seasoned business owner in need of a bank loan or a student thinking about creating a startup in their dorm rooms, all you need to do is complete a step by step online form, and Enloop will help you generate a customized business plan. There’s even a patent-pending scoring system that comes up with a predictive “score” – the Enloop Performance Score (EPS) – that evaluates your potential for success.
“Until now, small business owners and entrepreneurs have had no method to quantifiably vet business ideas, predict business success, automatically write a business plan and get funded,” says Enloop founder and CEO Cynthia McCahon. “Enloop was created to solve this problem and is the only solution that provides an indication of whether the business might succeed. And it’s free for anyone to use.” McCahon previously spent years providing business planning and development services for private clients, including founding SamplePlan.com.
Enloop was launched just today at FinovateSpring 2011, a two-day showcase of more than 60 cutting-edge financial and banking technology innovations from leading established companies and hot new startups.
“We are excited to have Enloop showcase their innovative business plan solution to more than 600 leading financial executives, VCs, analysts and entrepreneurs at FinovateSpring this year,” said Eric Mattson, The Finovate Group CEO. “Planning tools for small businesses and the financial institutions that serve them is an area in need of serious innovation.”
Enloop will launch with a free pricing model, but will introduce another two premium paid options in the near future.
Daniel Goh is the founder and chief editor of Young | Upstarts, as well as an F&B entrepreneur. Daniel has a background in public relations, and is interested in issues in entrepreneurship, small business, marketing, public relations and the online space. He can be reached at daniel [at] youngupstarts [dot] com.