When you are sourcing money for your business, whether it be for purchase of real estate, equipment, or expanding operations, your odds of success increase dramatically when you have the necessary documentation ready.
The minimum documentation that we recommend having ready to go:
- Summary of borrower’s experience and why you want the loan
- Personal Financial Statement
- Current FICO score
- Current Income Statement, Balance Sheet & Debt Schedule
- 6 months of bank statements
- 3 years of tax returns
Additional documents may be required by the lender, however having these on hand will help speed up the process.
Make the application process a smooth one and you are much more likely to get the money you need, when you need it!