Major Business Loans

 

To qualify client must have good personal and/or business  credit, complete and accurate business plan, income statement, profit and loss statements, tax returns, collateral and cash flow. In addition there must be 2 to 3 years of sustained growth and experience.

 

Requirements

  • Loan amount -$500,000 – no upper limit
  • Personal Financial Statement on all 20% or more owners   (attached) 
  • Personal Tax Returns for the last three years on all 20% or more owners of the business 
  • Last three years business tax returns and current interim balance sheet and profit/loss statement on the business
  • Personal Resume on Key Management
  • Copies of any pertinent contracts
  • History of the Business or Business Plan
  • Projections for 3 years+
  • 2 to 3 points (varies by deal)
  • Origination Fee – $495.00 after approval