Please focus on gathering and updating the following documents to prepare for your SBA loan reapplication. Your Funding Expert will guide you through the final submission process.
Last 6 months of bank statements
Last 2 years of personal tax returns
Last 2 years of business tax returns
Year-to-Date Profit and Loss Statement (PDF format - easily exported from QuickBooks)
Business Debt Schedule (PDF format - template attached)
Current Balance Sheet (PDF format - easily exported from QuickBooks)
You will also be required to re-sign your application.
Important Note: Please be aware that business owners with an undischarged bankruptcy within the last 5 years are not eligible for SBA loan consideration.