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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To begin the process, you'll need to complete an SBA loan application. |
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To assess your eligibility, the SBA requires your personal background. |
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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:
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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 |