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SBA Application Checklist

SCE FCU works within current SBA guidelines. To assure your application meets these guidelines, we've provided a checklist of the documents needed to put together your loan package.

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SBA Loan Application

To begin the process, you'll need to complete an SBA loan application.

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SBA Form 912

To assess your eligibility, the SBA requires your personal background.

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SBA Form 413

The SBA will need to assess your personal financial status.

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Profit & Loss (P&L Statement)

This must be current within 90 days of your application. Also include supplementary schedules from the last 3 fiscal years.

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Ownership & Affiliations

Include a list of names and addresses of any subsidiaries and affiliates, including concerns in which you hold a controlling interest and other concerns that may be affiliated by stock ownership, franchise, proposed merger, or otherwise with you.

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Business Certificate/License

Your original business license or certificate of doing business.

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Income Tax Returns

Include signed personal and business federal income tax returns of your business' principals for previous 3 years.

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Resumes

Include personal resumes for each principal.

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Business Lease

Include a copy of your business lease, or note from your landlord, giving terms of proposed lease.

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Purchasing an Existing Business

The following information is needed for purchasing an existing business:

  • Current balance sheet and P&L statement of business to be purchased
  • Previous 2 years federal income tax returns of the business
  • Proposed Bill of Sale including Terms of Sale
  • Asking price with schedule of inventory, machinery and equipment, furniture and fixtures

 

Business Start Ups

In addition to the above forms and information, please also include:

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Projected Financial Statements

Include a detailed business plan and 3-year projection of income and expenses