The first thing any prospective new business needs is a business plan. San-Francisco-based Enloop is launching a beta version of its online service that not only generates bank-ready business plans for free, but also provides feedback to the user about the business’ potential for success.  

Enloop ^[1] was founded by Cynthia McCahon who spent years providing business planning and development services for private clients, many of whom struggled to complete accurate business plans and often spent too much time and money launching businesses that had little indication of future success.

After users complete an online form, Enloop automatically generates a customized business plan and performance score for the user, complete with text, financial forecasts and ratio analysis—all ready to present to financial institutions. Enloop announced its public launch at FinovateSpring ^[2]2011 in San Francisco.

Read more from PRWeb ^[3].