• Supporting Documents for Physical Therapy Business Plans

    January 31, 2019 | Kevin Kasmar
  • In addition to the narrative of your business plan itself, potential funders will likely ask you to provide supporting documents. So, in addition to the financial data and projections section of your business plan, you may need some or all the supporting documents listed below.

    Also, if you provided any summarizing schedules in your Business Plan with footnote references to more detailed back-up, be sure to provide that detail in an Appendix with other Supporting Documents.


    Personal Resumes

    Physical therapy business plans should include resumes for owners and management. A resume should be a one or two-page document. Resumes should include

    • work history
    • educational background
    • professional affiliations and honors
    • a focus on special skills relating to the company position
    Credit Reports

    Although not always required, some lenders will want to review business and personal credit reports from vendors you’ve worked with, credit bureaus, and banks.

    Letters of Reference

    Include letters recommending you as a reputable and reliable business person worthy of being considered a good risk. Consider both business and personal references.


    Copies of Leases, Mortgages, Purchase Agreements, etc.

    If you have entered into any contracts or agreements ahead of your business opening, include these. These can be agreements between your company and a leasing agency, mortgage company, or other agency.

    Other Legal Documents

    Include all legal papers pertaining to your legal structure, proprietary rights, and insurance. Think limited partnership agreements, operating agreements, shipping contracts, etc.

    Miscellaneous Documents

    Further, enclose all other documents your main plan referred to or footnoted, but did not include in the main body of the plan. For example:

    • location plans
    • demographics
    • competition analysis
    • pricing examples
    • advertising rate sheets
    • cost analysis


    When finished, Physical Therapy Business Plans should look professional. The potential lender or investor needs to know that it was created by you. As we have discussed in other Blogs, your business plan will be the best indicator to judge your potential for success. Also, it should be no more than 30 to 40 pages in length, excluding supporting documents.

    Don’t go overboard. Include only the supporting documents that will be of immediate interest to the person examining your plan. Make copies for each lender or investor you wish to approach. Keep track of each copy that you give out. If you are turned down for financing, be sure to retrieve your physical therapy business plan.