Mcbride's Business Plan Bsa375

Business Plan

I. General Company Description

Mission Statement:

McBride Financial Services will be the preeminent provider of low cost mortgage services using state of the art technology in the five state area of Idaho, Montana, Wyoming, North Dakota, and South Dakota.

Company goals:

* Achieve financial break-even within six months of commencing operations.

* Become a profitable company within one year of operating.

* Leverage technology to minimize costs and maximize efficiencies for customers and the business in applying for and obtaining mortgages.

Business philosophy:

Our customers will receive the most efficient and effective processing of mortgage applications from inception to closing.

Target market:

* Professionals purchasing either a primary or secondary residence.

* Retirees purchasing a primary or secondary residence.

* Families and/or individuals purchasing recreational properties.

Critical success factors:

* An efficient, easy to use (front end and back end) Web site for the application and processing of mortgage applications.

* An up scale and friendly physical and virtual environment.

* Focused marketing.

* Professional associate brokers located at carefully selected offices leased in the following cities:

* Cheyenne & Jackson, Wyoming

* Billings, Montana

* Bismarck & Fargo, North Dakota

* Rapid City & Sioux Falls, South Dakota

* Boise, Idaho (Main Office)

Organization:

Please see organization chart

II. Products and services

Product:

Our product will be the most efficient and user friendly mortgage application process available obtained by leveraging technology (specifically the Web).

Service: We will provide (upon approved credit):

* A credit report

* Mortgage

* Inspection

* Appraisal

For a fixed price of $1,500 dollars.

Features for our customers:

* A simplified mortgage application that can be completed Online or by visiting...