Business and owner records
Prepare formation documents, ownership percentages, licenses, resumes, identification, and a clear management history.
Historical financial information
Gather complete tax returns, year-to-date profit and loss, balance sheet, bank statements, and explanations for material changes.
Existing obligations
List every loan, card, lease, advance, lien, and tax payment plan with balances and scheduled payments.
Transaction documents
Acquisitions may need a purchase agreement and seller financials; real estate may need contracts, leases, project budgets, and property information.
Equity and projections
Document the source of borrower equity and provide projections whose assumptions are transparent. Requirements vary by lender and program.