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Loan Packaging


  • Submitted on 06 August 2010

     

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  • Submitted on 02 August 2010

    Every lender and lending program is different. However, there is basic documentation required for a successful loan application.

    Basic documentation Information required:

    1. Loan application. At a minimum, the loan application requires business and personal information, the amount, purpose and banking information (checking account). The purpose must be specific and supported with appropriate documentation.

    2. Copies of the Business and Personal Income Tax Returns for past three years (must be signed.) Be aware that the lender will confirm with the IRS the accuracy of the tax return submitted.

    3. Company financial statements for the past three years (include income statement and balance sheet.) Interim statements may be required.

    4. Personal financial statement.

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