BUSINESS LOAN APPLICATION CHECKLIST
The following checklist is intended to assist you in gathering the necessary information for the evaluation of your loan request. Forms required are
italicized and included on this web site. These forms may be filled out on a computer and printed, or printed first and filled out by hand.
Notes Payable Schedule
for subject business and any affiliates, dated
the same date as the current balance sheet.
IRS Form 4506
the president, secretary, managing member or partner of the business.
SBA Form 912
IN ADDITION, PLEASE ALSO PROVIDE THE FOLLOWING INFORMATION (when applicable)
Personal Federal Tax Return
completed by each owner of 20% or
more of the business, all corporate officers, and all directors.
for the past three years for each owner of 20% or more of the business and any guarantors Please include all
schedules and attachments.
Business Federal Tax Returns
for the past three years including all schedules and attachments.
Current Financial Statement
dated within the past 60 days for subject business. Please include both balance sheet and profit and loss statement.
Year End Financial Statements
for subject business for the last three fiscal years. Please include both balance sheet and profit and loss statement.
including Articles of Incorporation and By-laws, Partnership Agreement Articles of Organization and Operating Agreement,
and/or Trade Name Affidavit depending on the organizational structure of your business.
For franchise business
, provide a copy of the current Uniform Franchise Offer Circular (UFOC) and Franchise Agreement Purchase Agreement(s)
or letters) of intent for subject real estate and/or business acquisition. Business Premise Lease or letter of intent for subject real estate and/or business.
Affiliate Company Financial Information
including three years tax returns, current balance sheet and profit and loss statement, and Notes Payable Schedule.
For debt refinancing
, provide copies of all notes to be refinanced including renewals thereof, collateral documents, and lender contact
name and phone number.
For construction loans
, provide a preliminary hard cost budget or proposal from contractor, preliminary soft cost budget
estimated time line for construction, and resume, references and financial statements from contractor.
For start-up businesses
, or existing businesses planning major changes, please include the following: Business Plan and monthly Cash
Flow Projections for initial 12 months, and annual projections for year 2. Projections must be accompanied by a detailed narrative of assumptions used in their development.
Existing information pertinent to this transaction
, including previous appraisals, title policies, surveys, environmental studies and photos.
For business acquisition loans
, submit letter from seller describing reasons for sale, monthly Cash Flow Projections for initial 12 months,
and annual projections for year 2. Projections must be accompanied by a detailed narrative of assumptions used in their development.