Checklist

  • Last 3 years of business tax returns and accountant-prepared business financial statements.
  • Last 3 years of personal tax returns.
  • Personal Financial Statement.

Overview of financing needs

  • For real estate purchases, a copy of the agreement of sale.
  • For a refinance, information on the property, existing loans, etc.
  • For working capital, an aging of accounts receivables and payables.
  • For a business debt refinance, a schedule of existing debt - lender, original terms, rate, amount, and existing balance.
  • For purchases of an existing business, copies of that company's last 3 years of tax returns and accountant-prepared financial statements, and a narrative history and background of the business.
  • List of rental income and projected rents.

Business information

  • Corporations - Articles of Incorporation and By-laws, list of Officers.
  • Partnership - Partnership Agreement and list of Partners.
  • Limited Liability Company - Member's Agreement and list of Members.
  • Sole Proprietorship - Trade or fictitious name registration.