Required Documentation

Please include the following information with your loan application package for a NEW business where applicable:

□   Existing Business

Part 1

1. Interview with application and credit check

2.  Personal and business tax returns

3.  Financial statements

4.  Details of loan proceeds

5.  Description of present or pending lawsuits or bankruptcy

After an informal approval, we will work on part two.

Part 2

1.  Business plan

2.  Two years of financial projections

3.  Personal resume

4.  Certificate of Insurance

5.  Lease Agreement

6.  DBA, Articles of Incorporation, and/or partnership  agreements

7.  Two letters of reference Franchise agreement (if applicable)

8.  Two denial letters for amounts over $20,000

□   New Business

1. Completed Loan Application
2. Application fee of $75.00
3. Business Plan
4. Two letters of denial for loan requests over $20,000
5. Last three years of personal tax returns of applicant
6. Interim business financial statements
7. Two years of financial projections
8. Personal resume
9. Certificate of Insurance – or quote
10. Lease Agreement – does not need to be signed
11. Detailed use of loan proceeds
12. DBA, Articles of Incorporation, and/or partnership agreement
13. Two letters of reference
14. Description of present or pending lawsuit(s), or bankruptcy
15. Franchise agreement (if applicable)
16. Additional information that will enhance loan proposal.

If you have any questions regarding required documentation, please call your Loan Coordinator, Tracy at

810-767-4622 x 57

Attachments:

REQUIRED DOCUMENTS FOR APPLICATION

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