Business Tax Returns

• Most lenders require 2-3 years of complete business tax returns
• Include all schedules and attachments
• Must match the EIN on your application
• Amended returns should include both original and amended versions

Personal Tax Returns

• 2-3 years of personal tax returns for all owners with 20%+ ownership
• Include all schedules (especially Schedule C, E, K-1)
• W-2s and 1099s if applicable
• For married owners, both spouses' returns may be required

Bank Statements

Business Bank Statements

• 3-12 months of statements (varies by lender)
• All pages, including blank pages
• All business accounts (checking, savings, money market)
• Statements must show account holder name matching business

Personal Bank Statements

• 3 months minimum
• For all owners with 20%+ ownership
• All pages of statements

Financial Statements

Profit and Loss Statement (P&L)

• Year-to-date P&L (current year)
• Prior year full P&L (or 2 years)
• Should match tax return figures
• Monthly breakdown may be requested

Balance Sheet

• Current balance sheet
• Shows assets, liabilities, and equity
• Must be dated within 90 days

Cash Flow Statement

• Shows cash inflows and outflows
• May be required for larger loans
• Projections may also be requested

Business Formation Documents

• Articles of Incorporation (corporations) or Articles of Organization (LLCs)
• Operating Agreement or Corporate Bylaws
• Business licenses and permits
• DBA/Fictitious Name Registration (if applicable)
• EIN confirmation letter from IRS
• Certificate of Good Standing (from state)

Ownership and Identity Documents

• Government-issued photo ID for all owners (driver's license or passport)
• Proof of address (utility bill, lease)
• Social Security cards or documentation
• Ownership verification (stock certificates, membership certificates)

Collateral Documentation (If Required)

• Real estate: Deeds, appraisals, mortgage statements
• Equipment: Serial numbers, purchase invoices, appraisals
• Inventory: Inventory reports, valuation
• Accounts receivable: Aging reports
• Vehicle titles

Additional Documents

• Business Plan - Especially for startups or expansion
• Use of Funds Statement - How the loan will be used
• Debt Schedule - List of existing business debts
• Lease Agreement - For business location
• Customer Contracts - Evidence of revenue pipeline
• Franchise Agreement - If franchised business
• Insurance Certificates - Business insurance documentation

SBA Loan Specific Requirements

SBA loans often require additional forms:

• SBA Form 1919 (Borrower Information Form)
• SBA Form 912 (Statement of Personal History)
• SBA Form 413 (Personal Financial Statement)
• Business Debt Schedule