There’s some basic information our Loan Officers need to begin a loan evaluation:
- Loan amount requested and why it’s needed
- Three years of year-end financial statements or tax returns (business and personal)
- Most recent interim financial statements, including accounts receivable and accounts payable aging
- Personal financial statements of principals/owners – COMPLETE THE FORM
- Business plan, if available:
- A brief description of your business, products and services
- Summary of management team experience
- Description of major customers
- Your analysis of primary competition
- Financial projections for next two years