Loan Application Checklist

This is what you should have ready for a loan application.

• A sound idea and a written business plan providing the details of the venture
• Monthly cash flow projections for the next 2 years that demonstrate the viability of the business venture
• If the loan is for an existing business: prepared year-end Balance Sheets and Income Statements of the business for at least the last 2 operating years (accountant-prepared preferred) plus an interim Balance Sheet and Income Statement for the operating months since the latest year end statements
• If the loan is for purchasing an existing business: prepared year-end Balance Sheets and Income Statements of the business for at least the last 2 operating years (accountant-prepared preferred) plus the interim Balance Sheet and Income Statement for the operating months since the latest year end statements; along with a formal business appraisal (if available).
• Current resumes for you, your partners, and all key staff
• If incorporated, a copy of the Articles of Incorporation and any amendments, and a copy of the current company share register
• Supporting documentation for all items you are offering for security
       - If real estate property: most recent property assessment and property tax
         statement, current mortgage statement(s)
       - If vehicles: current registration and mileage (vehicle must not be leased and  
         must be less than 5 years old)
       - If other assets: provide a full description and evidence of any recent market
         valuations if available

Please note: you may also be asked for additional supporting information during our assessment; i.e. shareholder/partnership agreement, company premises lease agreement, current contracts, etc.

Once you are ready, please fill out our Access AWE Services Form.