|
SBA 504 -
90% LTV / 50% Bank 1st / 40% SBA 2nd
Helpful SBA 504 Calculator/Worksheet
Please Note: SBA 504 loans are primarily used to acquire commercial
real estate that is 51% or more occupied by the owner's business
SBA 504 Lending
- Items needed for consideration & Pre-Approval
Executive
Summary including borrower business history, details & industry,
length in business, property type, property location, loan amount
seeking & approx property value.
Personal
Financial Statement(s) for all principals (Principals are any
proprietors, partners and stockholders owning 20% or more of voting
stock and all guarantors).
The last
three years of complete personal income tax returns for all principals.
The last
three years of complete corporate tax returns for the business/operating
company.
Business Schedule of Liabilities on the business/operating company
dated within the past 90 days.
Interim
financial statement(s) (Income Statement/Profit and Loss and Balance
Sheet) for the business/operating company dated within the past
90 days.
Authorization
to Release Credit Information Form(s)for all principals
(Principals are any proprietors, partners and stockholders owning
20% or more of voting stock and all guarantors).
Gina Koenen
VP, Commercial Lender
Click to Email
|
