What to Take to the Lender

Documentation requirements may vary; contact your lender for the information you must supply.

Common requirements include the following:

• Purpose of the loan.
• History of the business.
• Financial statements for three years (existing businesses).
• Schedule of term debts (existing businesses).
• Aging of accounts receivable and payable (existing businesses).
• Projected opening-day balance sheet (new businesses).
• Lease details.
• Amount of investment in the business by the owner(s).
• Projections of income, expenses and cash flow as well as the assumptions.
• Personal financial statements on the principal owners.
• Resume(s) of the principal owners and managers.

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