Get Small Business Lending Center Application Checklist - Aedc1

Completing the SMALL BUSINESS LENDING CENTER APPLICATION CHECKLIST - Aedc1 online is a crucial step in facilitating your loan application process. This guide provides you with a clear, step-by-step approach to ensure you submit all necessary documentation effectively.

Follow the steps to complete your application checklist with ease.

1. Click ‘Get Form’ button to obtain the form and open it in the editor.
2. Begin by providing a brief cover letter that outlines the amount of loan requested, the purpose of the request, suggested repayment dates, and the source of repayment.
3. Attach a comprehensive business plan that describes your current operations and how the loan will support your business goals, following the suggested outline provided in the application.
4. Include three years of fiscal year-end financial statements, comprising balance sheets and profit and loss statements, alongside your current interim financial statement.
5. Prepare and attach three years of business income tax returns along with two years of projected profit and loss statements that forecast your business expenses and revenues with clear assumptions.
6. Include two years of cash flow projections that show the anticipated cash surplus or deficit, including the basis on which these projections are made.
7. If applicable, provide a copy of the purchase or franchise agreement and copies of any related promissory notes regarding the purchase.
8. Submit your lease agreement or mortgage verification as part of the documentation.
9. Attach a personal financial statement for each principal of the business, listing personal assets, liabilities, and net worth.
10. Provide three years of personal income tax returns for each principal involved.
11. Ensure the completed Loan Application form and Employment and Credit Authorization form are included with your submission.
12. Complete any necessary schedules, such as debt, payables, and receivables, that may be required.
13. If relevant to your business structure, attach the partnership agreement, corporation bylaws, or operating agreement.
14. Prepare and include pamphlets or promotional materials related to your business.
15. List any applicable collateral you are willing to provide.
16. Submit a copy of your current business license along with any other evidence of business hazard insurance.
17. If necessary, provide a copy of the fictitious business name statement.
18. Make sure to review all entries for accuracy, save changes, and decide on the best way to share or print the completed application.

Start your application today by completing the SMALL BUSINESS LENDING CENTER APPLICATION CHECKLIST online!