Acquisition Loan Application

FROM BUSINESS FOR SALE IF IS AN ACQUISITION

• 3-year P&L Statements
• 3-year Balance Sheet
• 3-year STR Reports (Hotel)
• 3-year tax returns
• Phase 1 Environmental
• Appraisal (Will be requested by the bank)
• LOI or purchase agreement can be unsigned and will be needed before submission.
• Business history or Business plan download template (Download Below)
•  General Business Questionnaire to give the underwriter some background about the company (Download Below)
• Three years of W2s for all employees, including current owners, will be eliminated after the business is acquired. 
• Projections 2 years monthly with assumptions (Excel Download Below)
• NCNDA & Finance Consultancy Agreement (Download Below)
• Franchise Agreement (If Apply)
• Franchise Disclosure Document
• Photos of the property

FROM PERSONAL (All BORROWER with 20% + ownership)

• 3-year Personal Tax Returns
• SBA Personal Financial Statement (Download Below)
• Copy of Driver's License
• P&L of all businesses the borrower owns more than 20%