Basic Requirements for SBA (7a) Loan Program

(1) Furnish company Financial Statements and Tax Returns for past three years.

(2) A current Financial Statement, dated within the past ninety days is also necessary, with an aging of Accounts Receivable and Payable.

(3) Description of assets offered as collateral for the loan.

(4) If incorporated, furnish copy of incorporation issued by Secretary of State.

(5) History of business.

(6) Resumes on management and owners.

(7) One year projections of Income and Expenses for new business.