Forms and Checklist

After meeting with one of BLP’s program specialists and you have determined to submit an application, please follow the checklist guidelines to guide you through your application process.

 

Application Requirements

1. Business Loan Application*
2. Business Plan including description of business products/services, history of Company and management and a market analysis which includes key customers, size of market, competitors and competitive advantage.
3. Resumes on all owners, officers and key management.
4. Personal Financial Statement for all 20% or more owners .**
5. Documentation to substantiate costs, i.e. quotes on equipment, accepted offer to purchase, construction contract on real estate.
6. Last three years of Profit & Loss Statements, Balance Sheets, cash flows and net worth reconciliation.
7. Interim financial statements including Profit & Loss and Balance Sheets (if more than 90 days since year-end) together with an aging of accounts receivable and accounts payable.
8. Projections for two years including Profit & Loss and Balance Sheets.  If borrower is a new business, monthly cash flow statements for the first 12 months or three months beyond break-even are also required.  Describe assumptions.
9. Corporate and Personal Federal Tax Returns for the past two years.**
10. Information on any other businesses owned/partially owned by the owners, including business names, ownership structure and the last two year-end financial statements and/or Federal Tax Returns.
11. Commitment letters for other funding sources.

Other Requirements:

Loan approval would be contingent upon receipt of the following:

 

1. Appraisal.
2. Environmental questionnaire plus an environmental report determined by the real estate being financed.

Other Forms

1. IRS 4506-T Form
2. Statement of Personal History
3. Statement of Laws and Executive Orders

* Original signature and date must be provided on all documents provided by the applicant.

 

** If married, spouse must also sign and date the Personal Financial Statement and Income Tax Returns.