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SBA Checklist
The following information is usually required during the loan process:
- Personal & Business Federal Tax Returns – last 3 years with all supporting schedules (Required on all guarantors and/or all individuals who own 20% or more of the business)
- If an existing business – Year-to-Date Balance sheet and Profit & Loss statement are required. (Must be dated within 90 days of application).
- 2-Year Projection of earnings – (required if less than 3 years of historical statements are available)
- If any owner/borrower has a controlling interest in another business, 3 years of financial information must be submitted on each affiliate entity.
- A/R and A/P Aging Reports – at Banks discretion depending on use of proceeds and collateral offered
- For Franchise purchase include Uniform Franchise Offering Circular (UFOC)
- Purchase Agreement (applies only to acquisitions or real estate purchases)
- Complete SBA Application & Forms
Mortgage Checklist
The following information is usually required during the loan process:
Income
- Paystubs (last 30 days)
- W2's and 1099's (past two years)
- Personal tax returns (past two years)
- Business tax returns (past two years, if applicable)
- Other income - award letters, annuity statements, etc.
Assets
- Bank statements (most recent two months)
- Retirement accounts or other sources of funds (most recent)
Other Documentation
- Bankruptcy documents - all schedules
- Divorce decree
- Child support orders
Learn More
Our Mission
To redefine your banking experience by:
- Delivering unsurpassed personal service and financial solutions
- Ensuring a safe, sound, locally owned and managed financial institution to do business with
- Being involved and supportive of economic growth and development in the community
- Designing solutions for you based on an intimate knowledge of your specific business and personal financial objectives, consistently satisfying your demands for value
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