What information is needed to apply for a business/commercial loan?

We generally require the following:

• Completed Business Debt Schedule with balances reconciling with the recent financial statement
• Business Federal tax returns for the prior three years to include all supporting schedules, statements and K-1s
• Personal Federal tax returns for the prior three years to include all supporting schedules, statements and K-1s
• Interim business financial statement, including balance sheets and income statements no older than 60 days
• Management Resume to be completed by all guarantors, owners, partners, corporate officers, and 20% or greater owners of corporate stock
• Completed personal financial statement on each owner, guarantor, corporate officer, or 20% or greater owners of corporate stock
• Personal federal tax returns for the prior three years to include all supporting schedule statements and K-1s
• Projections of future income and expenses
• Completed Authorization to Release Information and Eligibility Information

For more information or to set up an appointment, contact our Business Lending department.