Profit And Loss Statement For Sba Loan

Profit And Loss Statement For Sba Loan – 1 SBA LOAN APPLICATION This checklist will help you gather the information you need for the initial evaluation of your loan application. We require complete data to process your request. (package includes forms) Business Loan Application Project Cost Estimate (using Credit Income) Business History and Credit References Business Debt Schedule Completed and Signed Profit and Loss Projections IRS Form 4506 (Business Audit Federal Income Tax Return) One assigned to each principal who own 20% or more of the Company Personal Financial Statements (All persons who own 20% or more of the Business; if married, husband and wife must write and date it) Management resume (20% of the Company or all persons who own more) Contributions company director’s annual family budget to obtain a consumer credit report. Complete and sign SBA Form 912 (Personal History Statement). All responsible small business members must submit this form. See the top right of Form 912 for requirements. ITEMS NOT INCLUDED IN THIS PACKAGE Federal Business Tax Returns (past 3 years) Interim Business Financial Statements (Balance Sheet and Income Statement, more than 60 days old at time of filing) Current Federal Personal Income Tax Returns (past 3 years) purchasing a business, the seller’s 3-year federal business tax returns and the business’ most recent interim financial statements (balance sheet and income statement) For debt refinancing, copies of records are required Otherwise: Please include assumptions for profit/loss projections INFORMATION : Federal USA Patriot Act requires us to obtain sufficient information to verify your identity. You may be asked several questions and asked to provide one or more forms of identification. those requirements In some cases, we may use external sources to confirm this information. The information you provide is protected by our PRIVACY POLICY AND FEDERAL LAW. PEBLNS-18 SBA 7A Loan Application, Rev. 14

2 APPLICANT COMPANY Company Name: DBA Name (if applicable): Primary Contact: Telephone: Telephone: Mobile: Fax: Street Mailing Address City State Code Physical Address (if different) Organization Type: Corporation (S-Corp, C-Corp, LLC ) Sole Company Public Company Limited Liability Company Number of employees: After financing: Affiliated companies? Date of Incorporation: Date of Incorporation: Company Status: Entrepreneur NIF: COMPANY OWNER APPLICANT – List all owners, partners and shareholders with ownership of at least 20% below. Name: Address: Home%: Social Security Number: Country of Birth: Home Phone Number: Cell Phone: Applicants must show a clear copy of their driver’s license, passport, foreign ID or license plate. Please show your identity document form below. that you attach to this application. ID Form Issuance Date Issuance Place Expiration Date Name: Address: Apartment Ownership: Social Security Number: Origin: Home Phone Number: Cell Phone: Applicant must present a driver’s license, passport, military or foreign ID. copy of registration document. Please show your identity document form below. that you attach to this application. ID Form Issuance Date Issuance Place Expiration Date Name: Address: Apartment Ownership: Social Security Number: Origin: Home Phone Number: Cell Phone: Applicant must present a driver’s license, passport, military or foreign ID. copy of registration document. Please show your identity document form below. that you attach to this application. ID Form Issuance Date Issuance Place Expiration Date Name: Address: Apartment Ownership: Social Security Number: Origin: Home Phone Number: Cell Phone: Applicant must present a driver’s license, passport, military or foreign ID. copy of registration document. Please show your identity document form below. that you attach to this application. Date of issue Model of identity document Place of issue Expiry date (if there are more owners, attach it on a separate page) Loan Application PEBLNS-18 SBA 7A 14. rev.

Profit And Loss Statement For Sba Loan

3 BANK REFERENCES (Business or Personal) SUPPLIER REFERENCES Bank Name: Company Name: Contact: Telephone Number: Telephone Number: MAIN LENDER (FINANCE COTRACTOR, ETC.) Name: Name: Telephone Number: Telephone Number: Contact: Contact: Loan Type : What to Expect: Loan Type: What to Expect: Current Balance: Monthly Balance: Current Balance: Monthly Balance: COMPANY MANAGEMENT AND HISTORY AND HISTORY: NATURE OF BUSINESS, TYPE OF PRODUCTS AND SERVICES: MAIN CONTRACTOR: MAIN CONTRACTOR: THIS LOAN WILL BENEFIT YOUR COMPANY ? PEBLNS-18 SBA 7A Loan Application, Rev. 14

Demystifying Sba Loan Interest Rates

4 CURRENT AND PREVIOUS SBA AND OTHER GOVERNMENTAL RESPONSIBILITIES Complete the chart below for you, your business, your business agent, your business subsidiary, any other business currently owned by the principal, or previously owned by you or the principal. Your business volt has received or applied for direct or guaranteed financial assistance from the federal government, including student loans and disaster loans. All existing, past and unpaid government debts must be listed, including debts that have been repaid in full or have resulted in losses for the government. (Note: Loans that cause losses to the government include loans that have been written off, experienced an impairment or been released due to bankruptcy. The amount of the loss is the principal balance of the loan that must be written off by the government. All collection activities (including foreclosure) have been completed.) Name of Loan Agency Agent # # # # Original Loan Name Loan Amount Application Date Loan Status Civil Balance $ $ $ $ $ $ $ $ $ Government Loss Amount INFORMATION: Under the USA Patriot Act, federal law requires that we obtain sufficient information to verify your identity . You may be asked several questions and you will need to provide one or more forms of identification to fulfill these requirements. In some cases, we may use external sources to confirm this information. The information you provide is protected by our PRIVACY POLICY AND FEDERAL LAW. Signature: Principal/Lender: Company Name: Date: Estimated PROJECT COST (use of funds) Purchase of Land/Construction of New Buildings: $ Purchase of Land and Buildings: $ Repair/Repair of Buildings: $ Purchase of Machinery/Equipment: $ Purchase of Furniture/Equipment : $ Inventory Purchases: $ Working Capital (includes Accounts Payable): $ Current Business Purchases: $ Payable Refinancing: ( ) $ Franchise Fee: ( ) $ Estimated Closing Costs and Other Expenses: ( ) $ TOTAL ESTIMATED PROJECT AMOUNT : $ BORROWER REQUIRED PAYMENTS: (deducted) $ PROJECT MANDATORY AMOUNT: $ PROJECT EXPENDITURE COSTS NOTES/REMARKS: PEBLNS-18 SBA 7A Loan Application Rev. 14

5 PERSONAL FINANCIAL STATEMENTS To obtain and provide loans from you from time to time, each of the undersigned submits (DATE) the undersigned’s financial report correctly and accurately. If you are married, you can apply for a loan with or without your spouse’s signature. Your joint assets will be responsible for those obligations regardless of whether your spouse signs or not, unless you apply for a separate loan. Both husband and wife must state, if applicable: WE INTEND TO ASK FOR A LOAN. (INSTRUCTION) ASSETS Cash Receivables Securities Receivables in Settlement (Provide details in Stock and Bond Register.) LIABILITIES Accounts and receivables Short-term bonds – Bank Short-term bonds – Other payments due to credit and debit cards Relatives and/or friends Other current assets some (Explain*) TOTAL CURRENT ASSETS $ Vehicle Taxes Payable: Year, Make, Model Stocks and Unregistered Bonds in Stocks, Corporations, and LLCs (Explain*) Real Estate (Detailed Dictionary Asset Schedule) Debt from relatives and/or friends Year: Model: Model: Other current liabilities (describe*) TOTAL CURRENT LIABILITIES $ Mortgage or other lien on real estate (specify in real estate listing) Insured bonds Personal property (indicate current ratio other current liabilities) Other long-term liabilities (write* ) Notes Long-term receivables TOTAL LIABILITIES $ Other assets (write*) TOTAL NET WORTH $ TOTAL ASSETS $ TOTAL LIABILITIES AND NET EQUITY: NAME $ CLOSED Are the assets or liabilities listed above in the lease leased? Yes No If yes, provide details: Married: State separate assets and liabilities: PERSONAL DATA Date of birth: Do you have a will? Yes No Have you built trust? Yes No Married, married, Name of Spouse Separated, if married: Date of Birth Have you ever failed in business or fought your creditors? Yes No Have you ever failed? Yes No Are your assets in lien or unable to pay debts? Yes No Are you responsible for the debts of another person or legal entity (for example, as a co-signer or guarantor)? Yes No If there is a lawsuit, judgment, etc. against you? Yes No Do you fulfill your obligations? Yes No *DESCRIPTION AND EXPLANATION: Please explain the assets and liabilities mentioned and/or explain the yes answer above: Attach additional sheets if necessary. Nationality: United States Other If not,

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