Should Micro-Businesses be Required to Provide Multi-Page Business Plans?

Why do they need a multi-page business plan for these tiny businesses? Some very large investors don't require all this, and they're not reading it in many cases. They want to talk to you to find out if you know what you're doing.
We just need a few rules of thumb for each type of business that they can understand. Whats your monthly/weekly sales, expenses, profit? Days of sales in inventory, working capital (or 'float' to them). What's the Initial investment and break-even (how long to make your money back) etc.
Put together a form and let them fill in these things, along with a monthly reporting form once the loan is disbursed. That's it. Loan or investment approved or denied. Work with them until it's approved. You're not lending them any big money at first anyway right?
-RG

In response to:
On the Corner with EPOC | Own businesses the aim but not sure how to get there

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