Small Business Loan Checklist

How to Prepare for a Small Business Loan

The application process for a small business loan may seem overwhelming at first, but the team at Penn Regional Investments is here to help.

Documentation and planning are required to help show that your business venture, the reason for your loan, is a good investment and a reasonable risk.

In addition to presenting the basics of your credit history, business experience, and available collateral, there will be a number of forms to complete and information to provide.

Documentation Needed for Most Small Business Loans

The Small Business Administration (SBA) requires a list of documents to be completed as part of their application process. Additional forms may be required by your bank or lending institution.

  • SBA Form 413, Personal Financial Statement
  • SBA Form 1919, Borrower Information
  • SBA Form 912, Statement of Personal History
  • 3 years of Federal Personal Tax Returns
  • Management Resume
  • Personal Identification Card
  • Business Plan
  • Financial Projections
  • Information on any Affiliated Businesses

Is the loan to grow or maintain an existing business? If so, you will also need:

  • 2 years Federal Business Tax Returns
  • Profit and Loss (P&L) cash flow statement
  • Business Debt Schedule

Contact a loan officer for more information at 878-214-8008 or visit our Loan Program Inquiry Form.