SBA LOAN PACKAGE

1. Existing businesses need to provide last three years tax returns or financial statements signed & dated. Updated interim statements not older than 90 days from date of application. This would include any affiliate companies owned by principals. Reconciliation of net worth is required. Buy outs need Business Tax Returns for three years along with the Agreement/Contract of Sale.

2. One year projection of Income & Expenses addressing the benefits of the loan for both Existing & Start-Ups firms.

3. Agings of Accounts Receivable & Accounts Payable_, if applicable.

4. Schedule of all business debts including original amounts & dates, present balances, maturity & collateral. Loans to be refinanced should be noted.

5. 1040's on all principals for the last year, signed & dated.

6. Detailed description of business & background of owners.

7. List & cost of all equipment to be acquired with loan.

8. Total project costs/contract for construction of owner occupied real estate to determine use of loan proceeds, if applicable.

9. Agreement of sale to acquire Business Real Estate, if not construction loan. Environmental Questionnaire required along with Phase I or II, if required. If no R/E, supply a copy of a lease when applicable.

10. If business is a start up or buy out, need opening balance sheet to determine equity position and loan proceeds. A business plan should be submitted for all loans.

11. Franchise Agreement & FTC Disclosure, if applicable.

12. SBA Application: NOT LOWDOC- Form 4-Application for Loan, Form 912 Statement of Personal History on principals, Form 413 Personal Financial Statements or Bank's form on principals/guarantors, Form 4 Schedule A Summary of collateral. Lender will complete SBA Form 4-I Request for Guaranty & submit write-up/analysis, copies of D&B on business & affiliates & credit reports on principals.