Our application package includes forms we will provide to you, your tax statements and the business plan that you create (complete with 12-month cash flow projections). Together, these will communicate the full vision for your small business.
Checklist of needed documents:
- Loan Application form
- Business Plan
- Cash Flow Projections (done monthly for 1 year)
- Business Tax returns -past 3 years (if that many returns have been filed)
- Copies of 3 months of business checking statements
- Historical financial statements for existing businesses (income statement and balance sheet)
- Organizing Documents for the business (Articles of Incorporation or Articles of Organization)
- Other relevant documentation (lease agreements, purchase agreement, franshise or licensee agreement)
- Personal Tax returns – Form 1040 and Schedules C and E if filed for the past 3 years (for each owner of 20% or more)
- Copies of last 3 months personal checking statements (for each owner of 20% or more)
- Proof of US citizenship or copy of Permanent Resident Card (green card) or VISA if not a US citizen)
- $50 Application Fee