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  • 7(a) Loan Document Checklist
    • Business Documents
    • Affiliate Documents, if applicable
    • Individual Documents

7(a) Loan Document Checklist

Prepare the following documents to expedite your 7(a) loan application process.

Business Documents

1. Filed Tax Returns – Full unredacted business tax returns, for the three years* preceding the date of the loan request (i.e. FY19, FY20, FY21). This will be the full Form 1040, including Schedule C or Schedule F (as applicable), Form 1065, Form 1120, or Form 1120-S depending on the business legal structure.

          a. Note: we require up to the past three years of tax returns, however if your business is between 1-3 years in business, please submit the corresponding amount of documents

2. Bank Statements – Operating account statements for the three months preceding the date of the loan request.

3. Balance Sheet – Reporting date must be within 90 days of the loan request date. If you do not have a Balance Sheet, review our Balance Sheet Financial Template series to download a balance sheet template and watch an instructional video on how to create a balance sheet for your business.

4. Year-to-Date Profit & Loss Statement – P&L showing year-to-date totals through the reporting date. Reporting date must be within 90 days of the loan request date. If you do not have a Profit & Loss Statement, review our P&L Financial Template series to download a P&L template and watch an instructional video on how to create a P&L for your business.

5. Franchise Agreement or Fuel Supply Contract, if applicable

6. Filed Articles or Organization or Articles of Incorporation, if applicable

7. Operating Agreement, By-Laws, Partnership, or Trust Agreement, if applicable

8. Business Debt Schedule – Available to complete with the Smart Portal application

Affiliate Documents, if applicable

9. Filed Tax Returns – Full unredacted business tax returns for the last three years* preceding the date of the loan request (ie FY19, FY20, FY21). This will be the full Form 1040, including Schedule C or Schedule F (as applicable), Form 1065, Form 1120 or Form 1120-S depending on the business legal structure.

a.) Note: as stated above, if your business is between 1-3 years since incorporation, please submit the corresponding years documents up to 3 years

10. Balance Sheet Statement – Reporting date must be within 90 days of the loan request date. If you do not have a Balance Sheet, review our Financial Template series to download a Balance Sheet template and watch an instructional video on how to create a Balance Sheet Statement for your business.

11. Year-to-Date Profit & Loss Statement – Profit & Loss (“P&L”) showing year-to-date totals through the reporting date. Reporting date must be within 90 days of the loan request date. If you do not have a P&L Statement, review our Financial Template series to download a P&L template and watch an instructional video on how to create a P&L Statement for your business.

Individual Documents

Provide the following documents for all 20% or greater equity owners of the business

12. Filed Tax Returns – Full unredacted tax returns for the individual for the three years preceding the date of the loan request.

13. Personal Identification – Front and back image of valid and unexpired state driver’s license or state identification.

14. Personal Financial Statements – SBA required disclosure. Our Smart Portal will provide a template for completing at the final stage before application submission. Review our Personal Financial Statement resource to watch an instructional video on how to complete the Personal Financial Statement form.

15. If a 20% or more owner is not a US citizen, but is a lawful permanent resident, the following are required: 

  1. Form I-9  
  2. Copy of Permanent Resident Card (Front & Back) 
  3. USCIS Verification & Authorization Letter 

Please note that once your application is submitted, your assigned Relationship Manager will provide you with the USCIS Verification & Authorization Letter for you to complete. Please physically sign this form with ink and return to your assigned Relationship Manager. 

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