We work with different lenders to find a suitable business loan for your business investment. Documentation requirements may vary by lenders, but the common requirements include:
- Purpose of the loan.
- History of the business.
- Financial statements for three years (existing businesses).
- Schedule of term debts (existing businesses).
- Projected opening-day balance sheet (new businesses).
- Lease details, amount of investment in the business, projections of income, expenses and cash flow.
Business loan or SBA loan can guaranty up to 85% of a purchase price (existing business) or requested loan amount (new business).
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