![]() ![]() Asking price with schedule of inventory, machinery and equipment, and furniture and fixtures.Proposed bill of sale/purchase agreement, including the terms of sale.Federal income tax returns for the previous three years of the business being acquired.Current balance sheet and profit and loss statement of the business being acquired.If you are buying an existing business, gather the following information (required): Business lease (as applicable): Include a copy of your business lease, or a note from your landlord, with the terms of the proposed lease.Include an explanation of why you need the SBA loan and how it will help your business. Business overview and history (as applicable): Provide a history of the business and its challenges.Resumes (as applicable): Include personal resumes for each principal.Income tax returns (required for the lender to verify applicant's size): Include signed business federal income tax returns of your business for the previous three years.Loan application history (as applicable): Include records of any loans you may have applied for in the past.If your small business is a corporation, stamp your corporate seal on the SBA loan application form. Business license or certificate (as applicable): Provide a copy of the original business license or certificate of doing business.Ownership and affiliations: Provide a list of names and addresses of any subsidiaries and affiliates.Projected financial statements – Include a detailed, one-year projection of income and finances and explain how you expect to achieve this projection.Also include supplementary schedules from the last three fiscal years. Profit and loss statement – Current within 180 days of your application. ![]() Business financial statements (as applicable): Submit the following to help show your ability to repay a loan:.Financial statements (as applicable): The lender may require personal financial statements for the applicant(s) or owner(s) of the applicant.Borrower information form (required): Complete SBA Form 1919 and submit it to an SBA-participating lender. ![]() Use the following checklist to ensure you are prepared if your lender asks you for any of the following information: The loan application documents required will generally include SBA Form 1919, Borrower’s Information Form. When you’re ready to apply, begin the process by working with your lender to determine which documents they will require you to provide. The contents of the loan application generally vary depending on the size of the loan and the lender's processing method.
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