Your employees will learn how to complete all the necessary forms to properly fill out an SBA loan package, including:

• SBA Form 159 (two pages)
• Filed Articles of Incorporation (make sure the articles show the stamp of the secretary of state.
• Bylaws (always check the number of directors!)
• SBA Form 160-Corporate Reso to Borrow Or for a partnership
• Partnership Agreement
• SBA Form 160A-Partnership Certification Or for an LLC:
• LLC Operating Agreement
• Articles of Organization
• Fictitious Business Name Statement The next section will include
• Applicable correspondence such as an eligibility determination letter from SBA, a transmittal letter, if desired (it is not necessary), a franchise approval letter from SBA, etc.
• SBA Form 4I
• SBA Form 1624
• Statement Regarding Lobbying
• 7a Center Guaranty Application Submission Checklist
• SBA Form 4
• Lender's Credit Memo
• Business and personal credit reports
• Explanation of derogatory credit, if applicable and if not addressed in the write up
• Statements Required by Laws & Exec Orders.
• SBA Form 912-Statement of Personal History
• Written clearance of affirmative answers to questions 8 and 9 on the form from the District Office, together with all information about the issue that resulted in the affirmative answer.
• Form G845 with copy of Alien Registration Card
• Form 4506-T & Transcripts (for personal tax returns)
• SBA Form(s) 413-PFS
• Personal Tax Returns (last 3 years)
• Business Financial Information:
• Interim Financial Statement
• Form 4506-T
• IRS Tax Transcripts
• 3 years Business Federal Tax Returns
• 3 years Financial Statements (OR SAY "see tax returns")
• Aging of A/R and A/P
• Reconciliation of net worth
• Cash flow projections if historical cash flow does not support repayment.
• AFFILIATE FINANCIAL INFO- 3 years' tax returns, interim and net worth reconciliation
• Business History
• Management Resume(s)
• SBA Form 4 Schedule A-Collateral
• Legal description (copy of grant deed or page of prelim with legal description)
• List of personal property collateral (now owned)
• Invoices or detailed List of personal property to be acquired with loan proceeds
• Appraisal (s)
• Exhibits that are mentioned on page three of the application
• Bankruptcy Details
• Lawsuit Details
• Affiliation with SBA, SCORE, ACE
• Affiliates or Other Business Interest
• Construction Estimates/Proposal/Contract
• Business or real property Buy/Sell Agreement and Escrow Instructions
• Franchise agreement
• If the franchise is on the franchise registry, you will need a Certificate of No Change
• Lease(s) for all business locations or Proposed Lease(s)
• Hazardous Waste Assessment Reports, Environmental Questionnaires