{"id":1260,"date":"2016-10-12T09:50:25","date_gmt":"2016-10-12T14:50:25","guid":{"rendered":"https:\/\/www.headwaycapital.com\/blog\/?p=1260"},"modified":"2020-10-05T16:45:18","modified_gmt":"2020-10-05T21:45:18","slug":"business-loan-check-list","status":"publish","type":"post","link":"https:\/\/www.headwaycapital.com\/blog\/business-loan-check-list\/","title":{"rendered":"Business Loan Check List"},"content":{"rendered":"

[vc_row][vc_column][vc_column_text]Business loans help to meet the needs of small business owners. Whether it\u2019s a large equipment purchase that will help you get the job done, an improvement to your store or the simple need for more cash, there may come a time when you\u2019ll need a small business loan<\/a>.<\/p>\n

You may know you need a loan, but do you know everything you\u2019ll need to acquire that loan? Luckily, most lenders require very similar information, and while there will most likely be different forms to fill out, you\u2019ll only need to gather all of the information once. Below is a typical checklist of items you\u2019ll likely need to apply for a small business loan. Bookmark it and check it off in your browser or print it out for easy tracking.[\/vc_column_text][\/vc_column][\/vc_row][vc_row el_id=”application-checklist”][vc_column][vc_column_text]<\/p>\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
Business Loan Application Checklist<\/th>\n<\/tr>\n<\/thead>\n
\u00a0Business information (Address, phone number, etc.)<\/td>\n<\/tr>\n
\u00a0Loan amount desired<\/td>\n<\/tr>\n
\u00a0Intended use of the loan<\/td>\n<\/tr>\n
\u00a0Summary of other debts<\/td>\n<\/tr>\n
\u00a0Loan history application<\/td>\n<\/tr>\n
\u00a0Personal background and credit report<\/td>\n<\/tr>\n
\u00a0Resume<\/td>\n<\/tr>\n
\u00a0Business plan<\/td>\n<\/tr>\n
\u00a0Business credit report<\/td>\n<\/tr>\n
\u00a0Income tax returns<\/td>\n<\/tr>\n
\u00a0Personal financial statements for anyone with 20% stake or more in your business<\/td>\n<\/tr>\n
\u00a0Business financial statements (bank statements, income statements, cash flow, balance sheets, etc.)<\/td>\n<\/tr>\n
\u00a0Accounts receivable and payable<\/td>\n<\/tr>\n
\u00a0Collateral<\/td>\n<\/tr>\n
\u00a0Business license<\/td>\n<\/tr>\n
\u00a0Franchise agreement (if applicable)<\/td>\n<\/tr>\n
\u00a0Property lease<\/td>\n<\/tr>\n
\u00a0Articles of incorporation (if applicable)<\/td>\n<\/tr>\n
\u00a0Legal documents (copies of contracts you may have with third parties)<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

[\/vc_column_text][\/vc_column][\/vc_row][vc_row][vc_column][vc_raw_html]JTNDYSUyMGNsYXNzJTNEJTIyYnRuJTIwYnRuLXByaW1hcnklMjBwcmludC1idXR0b24lMjIlMjBocmVmJTNEJTIyJTIzYXBwbGljYXRpb24tY2hlY2tsaXN0JTIyJTNFUHJpbnQlM0MlMkZhJTNF[\/vc_raw_html][\/vc_column][\/vc_row][vc_row][vc_column][vc_column_text]The information in this article is provided for education and informational purposes only, without any express or implied warranty of any kind, including warranties of accuracy, completeness or fitness for any particular purpose. The information in this article is not intended to be and does no constitute financial or any other advice. The information in this article is general in nature and is not specific to you the user or anyone else.<\/em>[\/vc_column_text][\/vc_column][\/vc_row][vc_row][vc_column][vc_raw_js]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[\/vc_raw_js][\/vc_column][\/vc_row]<\/p>\n<\/section>","protected":false},"excerpt":{"rendered":"

Business loans help to meet the needs of small business owners. Whether it\u2019s a large equipment purchase that will help you get the job done, an improvement to your store or the simple need for more cash, there may come a time when you\u2019ll need a small business loan.<\/p>\n","protected":false},"author":7,"featured_media":1272,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[609],"tags":[231,232,151,211,154],"class_list":["post-1260","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-small-business-finance","tag-business-loan","tag-check-list","tag-small-business","tag-small-business-loans","tag-small-business-owner"],"yoast_head":"\nBusiness Loan Check List - Headway Capital Blog<\/title>\n<meta name=\"description\" content=\"Need a small business loan, but not sure where to start? 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