Get Sba Client Checklist

The SBA Client Checklist is an essential tool designed to help you gather the necessary information to assess your loan request effectively. Completing this checklist will expedite the processing of your loan, ensuring you provide all the relevant details in each section.

Follow the steps to complete the SBA Client Checklist online.

1. Press the ‘Get Form’ button to obtain the SBA Client Checklist and open it for editing.
2. Begin with the Loan Request Form. Clearly state the purpose of the loan and how it will benefit your business. Ensure that this section is thorough and precise.
3. Next, complete the Authorization to Release Information and Check Credit History of Business. This step is vital for allowing the SBA to access your credit information.
4. Gather and input Existing Information on Subject Property. Include any old appraisals, title policies, and surveys, as well as environmental assessments if applicable.
5. Attach Photos of Property. Clear images will support your application and provide the SBA with necessary visual context.
6. If you are a start-up, provide a comprehensive Business Plan that includes management descriptions, feasibility analysis, assumptions, site evaluations, and demographic information.
7. Fill out Form 4506 for IRS Verification. All principals owning 20% or more must sign this form.
8. Prepare detailed Cash Flow Projections, outlining your cash flow month-to-month for the first year and annual projections for the next two years.
9. Provide an Interim Financial Statement, including a Balance Sheet and Profit and Loss Statement dated within the last 45 days.
10. Include a Notes Payable Schedule, ensuring that the figures align with the balance due on your interim business financial statement. Mark ‘None’ if not applicable and sign.
11. Submit Accounts Payable & Receivable Aging, which should match the figures in your interim statement.
12. Complete a Personal Financial Statement (SBA Form 413) for all owners, partners, and key individuals holding significant shares.
13. Provide Verification Documents for Cash Injection, including copies of the last three months of bank statements or relevant investment account statements.
14. Include three years of signed and dated Business Financial Statements and three years of Business Tax Returns.
15. Attach any relevant organizational documents such as Articles of Incorporation, Bylaws, and Partnership Agreements, as applicable.
16. Submit a Fictitious Business Name Statement, if applicable.
17. Provide copies of Existing and Proposed Lease(s), ensuring to include the terms.
18. If applicable, attach copies of bids and proposals for new equipment necessary for the business.
19. Include the Uniform Franchise Offering Circular and franchise-related documents if your business operates under a franchise.
20. Ensure all additional documentation required for the specific type of SBA loan you are applying for is included.
21. Finalize the completion of your application once all sections are filled out, saving your changes accordingly.
22. Choose to download, print, or share the completed SBA Client Checklist as needed.

Complete your documents online today to ensure a smoother loan application process.