Paperwork Needed

To review your loan, you will need to provide documentation of your financial history.  The MOST IMPORTANT item that is connected to the speed of approval and success of the loan process is the receipt of the paperwork needed for the "loan package".  Everything regarding the loan revolves around the borrowers loan package.  The better the loan package the quicker the loan is processed and approved. There will be a constant flow of documents needed at various areas of the loan process.  Below is the "typical" documentation needed to start the process.

 

Be prepared to send us:

 

  • Completed Application 

     

     

    Need ALL items below

     

    Applicant Personal Information:

    • -1040 Personal Tax Returns for three (3) prior years
    • -Personal Financial Statement from each borrower (form in the attached application)
    • -Signed Credit Authorization form from each borrower and spouse (form in the attached application)
    • -Completed Management Resume Form from each borrower (form in the attached application)
    • -Copy of Drivers License from each borrower.
    •  

     

    Business Information:

    • -Business Tax Returns for three (3) prior years
    • -Year to Date Interim Financial Statement (profit & loss, and balance sheet) current within recent month end
    • -IRS 4506 Form signed and dated by current business owner
    • -Articles of Incorporation or Certificate of LLC Formation from entity that will own/owns the real estate

     

     

    Need ALL APPLICABLE items below

     

    Purchase?

    • -Purchase and Sale Agreement signed by both buyer and seller
    • -Bank statement from applicants showing cash available for down payment

     

    Refinance?

    • -Copy of loan note to be refinanced and recent loan statement showing current balance
    • -Current business debt schedule as of balance sheet date from applicant business

     

    Hotel?

    • -ADR & Occupancy Report from last three (3) years and Interim financial date

     

    Gas Station?

    • -Copy of existing fuel supply agreement
    • -Listing of gallons sold in three (3) prior years and year to date
    • -Previous Phase 1 & 2 environmental reports (if available)

     

    Own other businesses? (business entities in which you own controlling interest)

    • -Business Tax Returns for three (3) prior years
    • -Interim Financial Statement (profit & loss, and balance sheet) current within 45 days
    • -Current debt schedule as of balance sheet date
 
 

Refinance

We can help you lock in a long term fixed rate or get cash out
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Purchase

Getting the right financing for your commercial real estate is important. We are here to help
To get started click here

SBA loans

There are lots of good reasons to choose an SBA loan.
To get started click here