• Personal Financial Statements for borrower & spouse – (and for all owners who hold 20% or more interest in the company). The statements must be current.
• Resumes – including current industry experience – for all owners of 20% or more.
• Employees who will be active in the management of the company.
• Use of Proceeds Schedule (Itemized breakdown).
• Three Years Personal Tax Returns for all parties owning > 20% of the company.
• Three Years of Business Tax Returns and Financials.
• Interim Business Financials.
• Schedule of Business Debt - (lines of credit, credit cards, equipment loans).
• Cash Flow projections – month by month – for two years. To include use of loan proceeds.

Second step:

• A mini- business plan that will reflect the use of loan proceeds.
• Lease agreement with amendments for space occupied by the company.

If applicable:

• Purchase agreement if company is acquiring real estate, or purchasing an interest in a company.
• Real estate information that will assist in underwriting the acquisition of real estate – i.e. - appraisals, environmental report.
• Franchise Agreement and Franchise Disclosure Documents.
• Aged Accounts Receivable Report.
• Aged Accounts Payable Report.

Final step:

(Note: Once you receive preliminary approval you will also need to provide the following additional documentation as part of your loan application).

• Articles of incorporation.
• Drivers’ licenses for all owners of 20% interest in the company.
• SBA Loan Application form
• Verification of owner’s equity –(from 3 months of bank and brokerage statements).
• SBA Form 912 – Statement of Personal History
• IRS Form 4506T – Authorization to request copies of transcripts of filed tax returns.
• Signed Authorization for release of credit information.
• Alien Status - proof of – if not a US citizen.
• Affiliate Financial Package – if any guarantor has ownership of 20% or more of any other business enterprise.
• New Construction Budget – if renovations will be made to real estate – either currently owned or to be purchased. (Loan can include construction financing).