Leaving Website Disclosure

This link will redirect you to a site that may have certain associated risks, including not being insured by federal deposit insurance.

To remain at our site, click BACK. To leave our site for the link you selected, click PROCEED.

Documents for Start-Up Businesses

Documents for Start-Up Businesses


If you’re a new business, here are a few important documents you may need when looking to apply for a loan.

Businesses Established for Less Than 2 Years:

  • 2-year profit and loss projections showing revenues, costs, operating expenses, and income that provide sufficient detail to indicate the business’s finances
  • Specific breakdown or a List of Use Loan Proceeds

Businesses Established for Less Than 1 Year:

All of the items shown above, plus the following items:

  • Business plan that conveys the business, market, competition, etc. If you need assistance with your business plan, there are several agencies that can assist you:
  • Proof of minimum equity injection equal to at least 20% of the loan amount
    • Invoices with proof of payment receipts or cash equity as verified by deposit balance in the business checking

 

t