Company history and overview which explains why you want an SBA loan

Company history and overview which explains why you want an SBA loan

Company financial statements

  • A revenue and loss declaration present within 3 months of the application
  • Supplementary revenue and loss schedules through the last three financial years
  • Company documents of loans you have sent applications for
  • 36 months’ worth of finalized company and tax that is personal for many associated with the company’s principals
  • Company certificate and permit
  • Copy of home leases or deeds

Projected monetary statements

  • One-year projection of earnings and funds
  • A written plan which explains the method that you shall achieve income projections

Key takeaway: whenever you submit an application for an SBA loan, you have to offer substantial documentation that is financial your online business and all sorts of companies. Read more