Loan Application Checklist
This Loan Application Checklist must be attached to the top
of your completed loan application
materials for processing.
__ 1. Completed and Signed Loan
Application
__ a. Loan
Need. List your business loan
requirements, be specific as possible. Include the amount of cash you need to
cover 3-6 months of operating expenses; an itemized with cost your inventory,
furniture, fixtures, equipment, leasehold improvements, vehicle and
advertising, and marketing materials requirements. Note: This will be a more detailed list than what you will have
completed on the loan application and may include pictures, etc.
__ b. Collateral. List all of your personal and business assets
that are available to secure your loan request.
Include all business assets at cost and all personal assets at market
value. If real estate will be used as
collateral, include latest appraised value.
__ 2. Completed Business Plan
(for a start-up) or Complete Marketing
Plan (for an existing business)
__ 3. Resume. Describe your
ability as the loan applicant to successfully operate your business, include a
description of business skills acquired from previous work experience, training
and
__ 4. Completed
and Signed Personal Financial Statement
(for each person with
20% or more ownership in the business)
__ 5. Projected Financial Statements: Projections should be based on the assumption
that your loan request will be approved.
__ a. Cash Flow:
Month-by-month projections for the next 12 months of operation.
__ b. Balance Sheet: Include
a current and/or start-up balance sheet which includes the use of the loan
proceeds and the loan amount.
__ c. Income Statement: A twelve month statement which reflects
the months addressed in the cash flow
projection.
__ d. Key Assumptions: A complete description of any issues that
affect the financial projections.
__ 6. Personal Tax Returns:
Provide 3 years of complete
personal tax returns for each person with 20% or more ownership, signed and dated, including all supporting sch
__ 7. Business Tax Returns:
If available, provide for the last 3
years.
__ 8. Business Financial Statements: If available, provide the last 3 years of fiscal statements including
a balance sheet, income statement, and the most current interim statements
(must be within 45-60 days of date of application). All documents must be signed and dated.
__ 9. Licenses: Provide
a copy of your state and city business licenses, if in business, and
copies of professional licenses. Include
a copy of your unsigned lease agreement if appropriate.
___10. Corporate, partnership or
operating agreements.
___11. Credit report.
__ 12. Additional information may be required.
For more
information visit our website: www.SeattleCCD.com
Community Capital Development is an equal opportunity lender. All SBA programs are offered on a non-discriminatory basis.
Community Capital Development is an equal opportunity
lender.
All SBA
programs are offered on a non-discriminatory basis.
Community Capital Development
Community Capital Development is an equal opportunity lender. All SBA programs are offered on a non-discriminatory basis.
1437 South Jackson
St, Seattle WA 98144