Loan Funding Application Package

Service Description

Financial Reports Required for SBA Loan Financing Balance Sheet: A snapshot of your business's financial position at a specific point in time. Profit and Loss Statement: Shows your revenues and expenses over a set period, indicating profitability. Aging Report: Details accounts receivable and payable, showing how long debts and credits have been outstanding. Interim Financial Statements: Must be current, typically created within the last 120 days before submission. Tax Returns: Recent federal income tax returns for your business, usually for the last two years. Additional Documentation Personal Financial Statement: This assesses the personal financial situation of business owners. Business Plan: A feasible plan outlining how the loan will be used to promote growth and job creation. Management Expertise: Evidence of qualified management to run the business effectively.