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The info you need to complete and expedite your business loan application.

Required Documents:

  • 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 and income statement), accounts receivable/payable aging report
  • Schedule of all business debt (debt currently owed by the business including current balance, monthly payment, interest rate and maturity)
  • Copy of articles of incorporation or LLC operating agreement

Required Documents for Purchase of Real Estate

  • Signed purchase and sale agreement
  • Real estate broker information sheet
  • Detailed budget for any planned renovations (if applicable)

Required Documents for 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 and expenses)

Required Documents for Purchase of Equipment

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

Required Documents for New Business or Major Expansion of Existing Business

  • Business Plan (refer to Business Resources page for templates and assistance)
  • 2 years of projections broken out by month (balance sheet & income statement) with supporting assumptions

Required Documents for Purchase of an Existing Business

  • Purchase and sale agreement (including a detailed list of assets to be acquired)
  • 3 years of seller business tax returns (if available)
  • Business plan (refer to Business Resources page for templates and assistance)
  • 2 years of projections broken out by month (balance sheet and income statement) with supporting assumptions

Calculators

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