1. Basic information about your business: 
  • Business name
  • Business address
  • Your name
  • Type of business
  • Date your business was established
  • Tax ID Number (Employer ID Number) or Social Security Number (for a sole proprietorship)

2. Number of employees: Include both how many you have now and how many more if the loan application is approved.

3. Use of proceeds (amounts for all applicable items, and total):
  • Land acquisition
  • New construction/expansion/repair
  • Acquisition or repair of machinery and equipment
  • Purchase inventory
  • Working capital (including accounts payable)
  • Acquisition of existing business
  • Pay off an existing loan

4. Information about your current, previous, and pending business debt, including SBA loans and other government debt:
  • Borrower's name
  • Lender name and information
  • Original amount of loan
  • Date of Application
  • Present balance
  • Rate of interest
  • Maturity date
  • Monthly payment
  • Security provided
  • Loan Status (whether the loan is current or past due or paid off)
  • Outstanding balance
  • If loan resulted in a loss to the government or other lender, amount of the loss

5. Information about the management of the business: For 100% of the ownership, you must include name and address and percentage owned. You may also be required to provide demographic information (race, ethnicity, veteran status, gender); this information can help the bank determine if you qualify for any special SBA loan programs.

6. Personal and financial information about all shareholders: Take note that you should include officers, partners, owners, along with a personal financial statement.

7. Detailed information about assets being presented as collateral: For example, a legal description of real estate, serial numbers/id numbers for all large value machinery, equipment, furniture and fixtures, inventory records, accounts receivable aging reports and other records as required.

8. A brief history of the company: Talk about how the business started and explain the benefits that it will gain from the funds.

9. One to three years of projected financial information on the business: Be able to show the effects of the funds and what growth you expect to see over that time.

10. Information about the financial history of the business: If you are seeking a loan for an existing business, provide records for the past three years, including income tax returns, balance sheets and income statements.

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