Checklist for SBA Loans or $250,000.00+ Loan
Information from SBA Applicant
- 3 Years Personal Tax Returns – Complete with all schedules must include last years retur
- Personal Financial Statement (attached)
- Proof of Liquidity
- Six (6) months bank statements (personal accounts)
- Resume
- Proforma – Business Plan to include three (3) years projections
- References
- Use of Proceeds
- Assignment of Life Insurance ($ million policy) – must be assigned prior to closing
- Please submit 2 copies of each item requested and "overnight" them back to the Credit Department ASAP.
CHECKLIST FOR $150,000.00+ LOAN
Information from Applicant
- 3 Years Personal Tax Returns – Complete with all schedules must include last years return
- Personal Financial Statement
- Proof of Liquidity
- Six (6) months bank statements (personal accounts)
- Resume
- Proforma – Business Plan to include three (3) years projections
- References
- Use of Proceeds
- Assignment of Life Insurance policy-must be assigned prior to closing.
Please submit 2 copies of each item requested and "overnight" them back to the Credit Department ASAP.