Get Check List Of Required Papers To Be Obtained From Applicants Sba/bank Financing

Navigating the process of obtaining SBA or bank financing can be complex, but having the necessary documents prepared can streamline your application. This guide will help you understand how to fill out the Check List Of Required Papers To Be Obtained From Applicants SBA/Bank Financing online, ensuring you have everything you need for a successful application.

Follow the steps to complete your required papers checklist online.

1. Use the ‘Get Form’ button to access the checklist document and open it in your editor of choice.
2. Begin by reviewing the required papers listed in the checklist. Each item must be completed accurately, including the Application for Loan using SBA form 4 and 4I.
3. Next, fill out the Statement of Personal History with SBA form 912, ensuring that all personal details are truthful and complete.
4. Prepare a Personal Financial Statement using SBA form 413. Be thorough in detailing your financial situation.
5. Compile a detailed, signed Balance Sheet and Profit & Loss Statements that are current, within 90 days of application, and include data for the last three fiscal years.
6. Create a one-year projection of Income & Finances, attaching a written explanation of how this projection will be achieved.
7. List the names and addresses of any subsidiaries and affiliates and note any controlling interests you may hold.
8. If incorporated, ensure your Certificate of Doing Business is included, stamped with the corporate seal on SBA form 4 section 12.
9. Gather signed Business Federal Income Tax Returns for the previous three years and signed Personal Federal Income Tax Returns for each principal.
10. Provide personal resumés that outline the business experience of each principal involved.
11. Draft a brief history of your business, clearly explaining why the SBA loan is necessary and how it will assist in addressing issues.
12. Include a copy of the current Business Lease or a note from your landlord detailing the proposed lease terms.
13. If purchasing an existing business, prepare the necessary documents: a Current Balance Sheet and Profit & Loss Statement, two years of Federal Income Tax Returns, a proposed Bill of Sale, and a detailed asking price schedule.
14. Review all completed documents for accuracy and completeness before proceeding to save, download, print, or share the form.

Start your application today by completing the required documents online!