SBA 7(a) Document Checklist
Loans Over $50,000
Loans $50,000 or Less
Phase I
Phase I
Business Documents
- 2022 Business Tax Return (full, unredacted)
- 2021 Business Tax Return (full, unredacted)
- 2022 Personal Tax Return (full, unredacted)
- 2023 Business Interim Financials showing a year-to-date Profit and Loss Statement, and a Balance Sheet with a reporting date as of today, or previous month’s end
- Business Debt Schedule itemizing existing debt of the business
Business Documents
- 2022 Business Tax Return (full, unredacted)
- 2021 Business Tax Return (full, unredacted)
- 2022 Personal Tax Return (full, unredacted)
Phase II
Phase II
Business Documents
- 2019 Filed Tax Returns (full unredacted)
- Bank Statements – For three months preceding the date of the loan request
- Void or Cancelled Check – The check must match the bank statements
- Balance Sheet – Reporting date must be within 90 days of the loan request date (if applicable and not provided in Phase I)
- Year-to-Date Profit & Loss Statement – Reporting date must be within 90 days of the loan request date (if applicable and not provided in Phase I)
- Filed Articles of Organization or Articles of Incorporation (if applicable based on business structure)
- DBA or Fictitious Name Certificate (if applicable)
- Operating Agreement, By-Laws, Partnership, or Trust Agreement (if applicable)
- Franchise Agreement or Fuel Supply Contract (if applicable)
- Liquor License (if applicable)
Business Documents
- 2019 Filed Tax Returns (full unredacted)
- Bank Statements – For three months preceding the date of the loan request
- Void or Cancelled Check – The check must match the bank statements
- Balance Sheet – Reporting date must be within 90 days of the loan request date
- Year-to-Date Profit & Loss Statement – Reporting date must be within 90 days of the loan request date
- Filed Articles of Organization or Articles of Incorporation (if applicable based on business structure)
- DBA or Fictitious Name Certificate (if applicable)
- Operating Agreement, By-Laws, Partnership, or Trust Agreement (if applicable)
- Franchise Agreement or Fuel Supply Contract (if applicable)
Individual Documents
Provide the following for all 20% or greater equity owners of the business:
- Full Unredacted Filed Tax Returns – For the three years preceding the date of the loan request.
- Personal Identification – Front and back image of valid and unexpired state driver’s license or state identification.
- If a 20% or more owner is not a U.S. citizen, but is a lawful permanent resident, the following are required:
- Copy of Permanent Resident Card (front and back)
- USCIS Verification & Authorization Letter
- Note: 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 blue ink and return to your assigned Relationship Manager
Individual Documents
Provide the following for all 20% or greater equity owners of the business:
- Full Unredacted Filed Tax Returns – For the three years preceding the date of the loan request.
- Personal Identification – Front and back image of valid and unexpired state driver’s license or state identification.
- If a 20% or more owner is not a U.S. citizen, but is a lawful permanent resident, the following are required:
- Copy of Permanent Resident Card (front and back)
- USCIS Verification & Authorization Letter
- Note: 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 blue ink and return to your assigned Relationship Manager
Affiliate Documents (if applicable)
Your Loan Specialist will request this document if needed:
- Affiliate Filed Tax Return (full, unredacted) – From the most recent tax year preceding the date of the loan request.
Affiliate Documents (if applicable)
Your Loan Specialist will request this document if needed:
- Affiliate Filed Tax Return (full, unredacted) – From the most recent tax year preceding the date of the loan request
Additional Documents
- Collateral Worksheet – itemizing existing fixed assets of the business
- Signed and Fully Executed Business Lease Agreement (if applicable)
Note: Required documents often depend on the state your business operates in as well as your business structure; loan specialists may request documentation not listed above.
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