1 / 9

5 Items To Include In Your Small Business Loan Checklist

Are you looking to start or expand a small business on your own, but don't have enough funds and are thinking of taking a business loan? Applying for a business loan means that you're ready to start or grow your business and need to secure financing to reach your goals. Here are the things that you may consider before taking a business loan.<br><br>

firststate
Download Presentation

5 Items To Include In Your Small Business Loan Checklist

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. FIRST STATE BANK AND TRUST 5 Items to Include in Your Small Business Loan Checklist

  2. Agenda 1 Information Form 2 Financial Statement 3 Business Financial Statement 4 Legal Documents 5 Income Tax Returns 6 Contact Information

  3. Information Form An information form is used by the lender to record the information of individuals who are willing to take business loans.

  4. Background and Financial Statement Whether you're a founder, guarantor, director, or any authorized person in your business, you will be required to share this information with the lender.

  5. Business Financial Statement The financial statements of your business will include assets, liabilities, the company’s income, expenses, and a general plan for managing funds.

  6. Legal Documents The lender may also request some legal documents of your business based on the requirements of the loan you're applying for.

  7. Income Tax Returns You have to provide the income tax returns of at least three previous years to complete your business loan application.

  8. Conclusion Applying for a small business loan can be a game-changer for your business. It will give you the financial freedom to take your business to the next level. The only thing to ensure in your checklist is that you submit all the correct documents when procuring business loans in Hudson.

  9. Thank you! For any queries, Contact us PHONE NUMBER ADDRESS 651.439.5195 950 Highway 95 N Bayport, MN 55003 TOLL FREE WEBSITE 1.800.848.4897 www.fsbt.com

More Related