What documentation do I need to apply for a business loan?

Typically, the following documents are needed to review a loan request:

• a brief description of the business and how the loan proceeds will be used
• 3 years tax returns (personal and corporate)
• a personal financial statement for all owners
• business financial statements for the past 2 years as well as a current year to date statement (within 90 days)
• schedule of outstanding debt
• details of any owner’s equity investment in the business
• projections for future operations

SBAC will help you through the paper work and placement. We can make it easy.