Get Started with your Loan

Providing us with a complete application package will help us deliver the best possible service. The following list of items will assist you in providing the bank a complete application. Additional information may be required depending on the nature of your loan request, but this will get you started.

Documents Required for Every Loan:

• Completed Business Application
• Completed Personal Financial Statement
• 3 years of Business Tax Returns and all schedules (Sole Proprietor – Form 1040, Schedule C; Sub Chapter S Corporation – Form 1120S; Corporation – Form 1120; Partnerships – Form 1065; Non-Profit– Form 990)
• 3 years of Personal Tax Returns and all schedules
• Year-to-Date Interim Financial Statements (Current Balance Sheet & Income Statement) Accounts Receivable/Payable Aging Report
• Schedule of all business debt (debt presently owed by the business including present balance, monthly payment, interest rate and maturity)
• Copy of Articles of Incorporation or LLC Operating Agreement

Additional Documents Required for Specific Loans:Purchase of Real Estate

• Signed Purchase & Sales Agreement
• Real Estate Broker Information Sheet
• Detailed budget for any planned renovations (if applicable)

Rental Property

• Rental cash flow history (current rental income and expenses)
• Copies of signed leases or listing of all tenants with associated unit numbers and monthly rent
• 2 years of rental projections (income & expenses)

Purchase of Equipment

• Bill of sale or invoice
• Detailed description of equipment
• Copy of title (if applicable)

New Business or Major Expansion of Existing Business

• Business Plan (Templates and assistance can be provided. Check out our Business Resources page)
• 2 years of projections broken-out by month (Balance Sheet & Income Statement) with supporting assumptions on how the figures were developed

Purchase of an Existing Business

• Purchase & Sales Agreement (Including a detailed list of assets to be acquired)
• 3 years of seller business tax returns (if available)
• Business Plan (Templates and assistance can be provided)
• 2 years of projections broken-out by month (Balance Sheet & Income Statement) with supporting assumptions on how the figures were developed