To apply for an SBA loan, you will typically need the following documentation:
Personal Background Information: Resumes, educational background, work experience, and relevant skills.
Business Financial Documents: Profit and Loss Statement, Balance Sheet, Cash Flow Statement.
Personal Financial Documents: Personal Financial Statement, Credit Report and Score, Personal Tax Returns.
Business Legal Documents: Business Licenses and Permits, Articles of Incorporation/Formation, Contracts and Leases, Business Tax Returns, Legal Agreements.
Collateral and Use of Funds: Collateral Information, Use of Funds Statement.
Any Additional Documentation
Preparing and organizing these documents is crucial for a successful SBA loan application.