General Information
- Name & address of the business
- Purpose of the loan
- Exact amount needed
- Age of the business
- The business’ assets and number of employees
- Ownership structure/legal organization of the business
Financial Information
- Personal financial statements, as well as those of the primary owners
- For an established business: income statements and balance sheets for the past 3 years
- For a new business: projected income statement and balance sheet
- Collateral you’re willing to give as security for the loan
Business Details
- Details on each principal in the business – education, experience, skills, accomplishments
- Products you sell
- Markets you participate in
- Who your competition is, and how you’ll compete
- How the business will serve its customers