BUSINESS LOAN INFORMATION CHECKLIST

To assist you in gathering the required documentation for your loan, here is a document list that lenders  often refer to in analyzing a loan request. This list is extensive, but the information is important and will help you prepare to discuss your needs:

  • Personal Financial Statement
  • Business Loan Application (online version)
  • Last three years Personal 1040 Tax Return (Federal only, all pages).
  • Last 2 years W-2
  • Last Three Years Partnership Tax Return (Federal only, all pages, all K-1 Schedules)
  • Last 3 years Corporation Tax Return (Federal only, all pages, all K-1 Schedules)
  • Fiscal Year-End Financial Statements for the business entity_____
  • Interim Financial Statement (balance sheet and income statement)
  • Accounts Receivable Aging Report as of Interim date
  • Accounts Payable Aging Report as of Interim Date
  • Work-In-Progress Report (WIP) as of Interim Date
  • Corporate Resolution/Minutes Appointing Officers
  • Articles of Organization/By Laws
  • Statement of Information (LLC-1)
  • LLC Operating Agreement
  • Partnership Agreement
  • Tax ID # __________________________
  • Living Trust (Title Page, Powers of Trustee, Successor Trustee, Signature Page)
  • Insurance: Commercial, Residential, business Personal Property
  • Shareholder Note (Specific Terms and Conditions)

PERSONAL LOAN INFORMATION CHECKLIST

  • Personal Financial Statement
  • Consumer Loan Application (online version)
  • Last three years Personal 1040 Tax Return (Federal only, all pages).
  • Last 2 years W-2
  • Tax ID # __________________________
  • Living Trust (Title Page, Powers of Trustee, Successor Trustee, Signature Page)