S B A - New Business

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 return
• 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.