Business Loan Application Package printable pdf download

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.

 Loan Request/General Information

 Schedule of Collateral Form

 History and Nature of The Business (include any brochures, etc.).

 Business Acquisition Questionnaire, if applicable.

 Notes Payable Schedule for subject business and any affiliates, dated the same date as the current balance sheet.

 Accounts Receivable/Payable Aging Summary for subject business and any affiliates dated the same date as the

current balance sheet.

 IRS Form 4506 signed by the president, secretary, managing member or partner of the business.

 Customer Identification Verification Form & Copy of ID, one for each borrower or guarantor.

 Personal Financial Statement for each owner of 20% or more of the business, all guarantors, and all officers of the

business.

 Source of Capital Injection Form

 Personal Income/Expense Analysis for each owner of 20% or more of the business, any guarantors and key

employees.

 Management/Ownership Information for each owner of 20% or more of the business and any guarantors.

 Authorization to Release Information for each owner of 20% or more of the business and guarantors.

 SBA Form 1919 completed by each owner/member of 20% or more of the business, all guarantors, corporate officers, and

all directors.

 Regulation B Form (Joint Credit)

IN ADDITION, PLEASE ALSO PROVIDE THE FOLLOWING INFORMATION (when applicable)

 Personal Federal Tax Return 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.

 Corporate Documents 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 Franchise Disclosure Document (FDD) and Franchise

Agreement.

 Purchase Agreement(s) or letter(s) 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 timeline 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.

Business Loan Application Package

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