S B A -Acquiring
CHECKLIST FOR SBA LOANS

Information from Seller

• 3 Years Corporate Tax Returns – Complete with all schedules must include years return
• Year to Date Profit and Loss Statement with Balance Sheet
• Rent Roll
• Comparative Year to Date Statement
• (Example: Jan 2005 – May 2005 compared to Jan 2006 – May 2006)
• Six (6) months bank statements
• Information from Buyer (SBA Applicant)
• 3 Years Personal Tax Returns – Complete with all schedules. Must include last year's return
• Personal Financial Statement
• Proof of Liquidity
• Six (6) months bank statements (Personal & Corporate accounts)
• 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