If the answers to the questions below are all YES, you may be eligible for a business acquisition loan: * Borrower(s) located a business that has been profitable on taxes for the last 2 to 3 years * Borrower(s) has a credit score of 680+ * Borrower(s) has a minimum of 25% down payment * Seeking business acquisition loan between $5,000,001. to $100,000,000. The following documents below will be required: DOCUMENTS NEEDED FROM BORROWER(S) Business Loan Application (DOWNLOADABLE) (All principals must sign the application) Consulting Fee Agreement (Agreement will be sent upon request) The agreement shall be completed, signed, and notarized Personal Financial Statement (DOWNLOADABLE) (Each principal must complete a copy this form) 4506-T (DOWNLOADABLE) (The lender will require two copies of this form. One for personal and one for the business) Business Debt Schedule (DOWNLOADABLE) (Please list all business debt, sign, and date) Management Resume (DOWNLOADABLE) (Each principal must complete, sign, and date this form) Statement of Personal History (DOWNLOADABLE) (Each principals must complete, sign, and date this form) Signed LOI to Purchase Business (DOCUMENT TO GATHER) (Must be signed by buyer and seller) 3 Years Personal Tax Returns (DOCUMENT TO GATHER) (A copy of tax returns must be submitted from all principals) Copy of Driver License (DOCUMENT TO GATHER) (Each principal must submit a copy of driver license) Articles of Incorporation / Fictitious Name Filing (DOCUMENT TO GATHER) (If applicable) All Business Licenses (DOCUMENT TO GATHER) (If applicable) Business Plan (DOCUMENT TO GATHER) (Please include 3 years projections) DOCUMENTS NEEDED FROM SELLER 3 Years Business Tax Returns (DOCUMENT TO GATHER) (If applicable) 3 Years Business Financial Statement (DOCUMENT TO GATHER) Interim Business Financial Statement (DOCUMENT TO GATHER) List of Inventory and Valuation (DOCUMENT TO GATHER) List of Equipment and Valuation (DOCUMENT TO GATHER) Value of Goodwill (DOCUMENT TO GATHER) |
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