Get Dear Small Business Applicant - Self-help Credit Union - Self-help

Filling out the Dear Small Business Applicant form is a crucial step in securing financing for your business through Self-Help Credit Union. This guide will provide clear, step-by-step instructions to help you complete the form accurately and efficiently.

Follow the steps to successfully complete the loan application form.

1. Click the ‘Get Form’ button to access the form and open it in your preferred editing tool.
2. Read through the introduction carefully. It provides essential information about the application process and what forms need to be submitted. Make sure you have a checklist to stay organized.
3. Begin filling out the Commercial Loan Application section. Provide the business or organization name, contact information, and details about the type of business. Ensure all data is accurate and up-to-date.
4. Complete the Management Information and Acknowledgments section. Certify that the information provided is true and sign where indicated. Make sure all stakeholders with 20% ownership or more sign as well.
5. Fill out the Personal Financial Statement carefully. This form must be completed for each individual or entity with significant ownership or who will guarantee the loan. Provide accurate financial information.
6. Prepare the 12-Month Income and Expense Projections. Enter your anticipated income and expenses for the coming year, rounding off figures as needed to the nearest dollar.
7. Complete the Business Notes Payable Schedule, including all existing debts and obligations to provide a clear picture of your current financial liabilities.
8. Review the Disclosure of Right to Request Specific Reasons for Credit Denial form. Acknowledge that you understand your rights regarding credit decision notifications.
9. Draft your Business Plan, ensuring to describe your business operations, market analysis, and growth plans. Be detailed and concise.
10. Once all sections are completed, double-check for any missing signatures or documents as indicated in the application checklist. Make copies of the entire application package for your records.
11. Submit the completed application package to the loan officer listed on the business card enclosed with your application materials. You may choose to send it via mail or deliver it in person.
12. Finally, consider saving the form as a PDF or printing it out for your records. Ensure you keep a copy of everything submitted, as the materials cannot be returned.

Complete your document online today and take an important step towards securing financing for your small business.