SBA Financing to Help Expand Your Business

SBA loans are meant to finance the growth of your business:

- Working Capital

- For needs like managing day-to-day cash flow, purchasing assets with
  short-term depreciation - computers, office equipment, or inventory loading- Loan terms can range from 5 to 7 years.

- Fixed Assets

- For the purchase and use of capitalized assets (typically heavy machinery
  and specialized equipment) that can be used as collateral for the loan- Loan terms can range from 7 to 10 years

- Building Real Estate

- For the purchase or upgrade of a business land site or house needed to
  operate an owner-occupied business
- Can also be used for new construction of a business facility, such as a
  professional building, automotive shop, or freestanding location
- Loan terms can range from 15 to 25 years - for businesses with a successful
  history, the SBA can offer the longest business real estate terms available

Business Loan Checklist

PERSONAL INFORMATION

• Last three years personal tax returns of principals owning 20% or more of the corporate stock
• Personal financial statement of principals owning 20% or more of the corporate stock
• Copy of Warranty Deed and Title Insurance on personal property pledged as collateral
• Clear copy of valid Drivers License for all principals owning 20% or more of the corporate stock along with mother’s maiden name

CORPORATE INFORMATION

• Last three years corporate tax returns (if available)
• Current Balance Sheet and Income Statement (within 60 days)
• Business Debt Schedule
• A/R and A/P report (to match most recent Balance Sheet)
• Last two months corporate bank statements
• Articles of Incorporation and Corporate By-Laws

OTHER INFORMATION

• Copy of all notes to be paid off by this loan. For credit cards, the most recent statements
• Evidence of all checks written on behalf of the business, ie: cash advance checks.
• D/B/A Filing – if applicable