Documentation varies depending on the loan amount and whether it is a startup or existing business.
Basic documents required for your application include:
- Personal and business addresses and contact information
- Personal and business tax returns and bank statements
- Business income statement and balance sheet (if in business)
- Purpose of loan and information about planned use of proceeds
- Personal and business budgets and debt information
- Documentation of other forms of income
- If using a co-signer, their personal information
- Pay stubs and proof of all income listed on application
- Start ups (6 months of operation or less) will need a business plan, financial projections, start up budget, and proof of equity
Additional documents may be required on a case-by-case basis.