STEP 2: Documents Required for the Loan Application
The following documents are required to complete a Loan Application—
- 12 months of financial projections including profit-and-loss, cash flow, and balance sheet
- Tax Returns for the past 2 years (your own and your business’s, if applicable)
- 2 most recent personal and business bank account statements
- Verification of non-business income, if applicable, such as paystubs
- Current government issued ID
- Proposed loan budget (use of loan funds) and documentation such as estimates or equipment pricing
- Relevant business licenses and documentation including legal structure agreements
Additional required documents for start-ups (in business 12 months or less):
- Proof of investment in business
- A thorough, written business plan
Additional required documents for existing businesses (in business over 12 months):
- 2 years of your most recent financial information or, if your business is less than two years old, financial information for the entire history of your business
- Business Expansion Plan describing need and use of funds applicable)
If you meet the eligibility requirements and are able to provide all of the documents above, please submit a Loan Inquiry before filling out an application
If you do not, please explore our other business development services: Seminars, Foundations Course, or Attend an Orientation to learn more
