Typical preparation in applying for a loan will require the last 3 years of Federal and State Tax Returns for the business and personal returns too. A Debt Schedule will be necessary and a Personal Financial Statement. If the loan involves construction and/or purchase of land, the land sale contract, construction estimate and Pro Forma Projections for the first 3 years of operations will be required. We assist you through this entire process.
It is important to know what your goals are for obtaining a commercial loan and it helps get your loan approved if you have experience and a track record in the business the loan will be a part of.