General Information

  • Name & address of the business
  • Purpose of the loan
  • Exact amount needed
  • Age of the business
  • The business’ assets and number of employees
  • Ownership structure/legal organization of the business

Financial Information

  • Personal financial statements, as well as those of the primary owners
  • For an established business: income statements and balance sheets for the past 3 years
  • For a new business: projected income statement and balance sheet
  • Collateral you’re willing to give as security for the loan

Business Details

  • Details on each principal in the business – education, experience, skills, accomplishments
  • Products you sell
  • Markets you participate in
  • Who your competition is, and how you’ll compete
  • How the business will serve its customers