Small Business Development Center

CHECKLIST FOR SMALL BUSINESS LOAN

(STARTUP BUSINESS)


PERSONAL FINANCIAL STATEMENT
PERSONAL CASHFLOW STATEMENT
PERSONAL CREDIT REPORT
RESUME
REFERENCES
BUSINESS PLAN NARRATIVE
SOURCE & USE OF FUNDS
PROJECTED FIRST YEAR INCOME STATEMENT
COPIES OF INDIVIDUAL TAX REPORTS FOR PAST THREE YEARS
LIST OF EQUIPMENT TO PURCHASE
LIST OF INVENTORY TO PURCHASE & SUPPLIERS
COPY OF LEASE AGREEMENT FOR BUILDING AND EQUIPMENT
ALL OTHER SUPPORTING DOCUMENTS:
ASSUMED NAME
MARKET RESEARCH
FLOOR PLAN
PHOTOS
MAP, ETC.

NOTES:
  • ALL THE ABOVE INFORMATION MUST BE PROVIDED BY THE APPLICANT TO COMPLETE A SMALL BUSINESS LOAN PACKET FOR DIRECT LOAN OR SBA LOAN.
  • BORROWER EQUITY INJECTION OF 20% TO 30% IS REQUIRED FOR ALL BUSINESS LOANS.
  • SMALL BUSINESS LOANS UNDER $5,000 WILL BE IN INDIVIDUALS NAME, IF APPLICABLE.
  • THE SBA LOAN PROGRAM GUARANTEES UP TO 85% OF LOANS TO BANKS AND HAVE APPLICANT FEES UPON LOAN APPROVAL. FEES ARE AS FOLLOWS:
LOAN AMOUNT FEE
LOW DOC (UP TO $150K) 2%
150K TO 700K 3%
Over 700K 3.5%


PROVIDED BY THE SMALL BUSINESS DEVELOPMENT CENTER

Del Mar College
3209 S. Staples
Corpus Christi, TX 78411
(361) 698-1021
1-888-698-6111 (outside local area)
http://www.delmar.edu/sbdc/

 
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