To help you be better prepared before meeting with your lender we have provided the following checklist.

___ Current personal financial statement(s).

·        Borrower

·        Guarantors

___ A copy of your last personal Federal Income Tax Return(s).

       A copy of the business’s last Federal Income Tax Return.

___ Business history and/or business plan.

___ Resume of management.

___ Explanation of the use of the funds to be borrowed.

___ Collateral to be offered.

___ A monthly projection of the income & expense of your business for the next 12 months.

___ Opening balance sheet (for new businesses only).

___ Profit & loss statement for last 3 fiscal year-ends.

___ A listing & aging of accounts payable/receivable.

___ Copy of Articles of Incorporation, Operating Agreement, or Partnership Agreement.

___ Written estimates from suppliers or contractors for any equipment or construction costs to be paid with loan proceeds.