I need some to write a 1-2 pages of business executive summary for my online payday loan business.
The executive summary should also have a visual representation (business flow) of how the business works:
The Product Description:
- First online payday loan application in the country
- A maximum of $500 loan payable on your next payday date
- Interest rate of 1.5%/month
- Processing fee of $20 for every $100
- Maximum loan period of 30 days
Business flow:
1) The payday loan is a product of a bank and the bank is outsourcing the operations of marketing,processing,payment and collection to our company
2) Clients submit an online application from the company's website
3) Application will be processed & approved by our company with the agreed SLA
4) Once approved, our company will disburse the payment to the client using our merchant account
5) Collection will be done via auto debit from clients bank account or debit card.
6) The bank will be paid a commission for every approved and disburse application
Take note that i need the executive summary urgently, by 12pm (+8 GST) 27th March 2013. Do PM me if you need further clarification.