Step 1: Required forms/reports to review an SBA loan application:

• Gesa Business Credit Application
  • Click here for help on how to fill out this form:
    https://youtu.be/tjdH__rYzDk
• Personal Financial Statement (SBA 413) for each guarantor/owner with over 20% or more ownership in the business that is applying for the loan.
  • Click here for help on how to fill out this form:
    https://www.youtube.com/watch?v=LkeqQ8TGyrs
• 3 years personal tax returns with K-1’s for all guarantors/owners with over 20% or more ownership.
• 3 years business tax returns (All pages and schedules)
  • If you own any other business over 20%, 3 years tax returns will be needed for each entity.
• Current year to date profit and loss and balance sheet for each operating business
• Business debt schedule

Step 2: If you want to get a head start on the application process you can start filling out this section or wait until you are conditional pre-qualified by your SBA lender.

• SBA form 1919
  • For assistance in filling out this form you can review the following video at:
    https://www.youtube.com/watch?v=EA8cePLkAPQ
• Business plan (if lender requests)
• Insurance agents name and phone number
• Corporate entity documents
• Copy of driver’s license for each guarantor
• If you loan is for a business acquisition:
  • SBA Business Acquisition Questionnaire (provided by the lender)
  • Last 3 years tax returns of the business that is being purchased
  • 2 years financial projections with assumptions (if lender requests)
  • Current year to date profit and loss statement and balance sheet for the business that is being purchased
  • Resume for each guarantor
  • Asset list with value of each asset
  • Purchase and Sale Agreement
  • Landlord’s name and phone number if leasing business property
  • Last 2 months bank statements showing equity is ready for purchase.
• If your loan is to purchase commercial real estate:
  • Copy of Purchase and Sale Agreement
  • Environmental Questionnaire (provided by the lender)
• If your loan is to construct commercial real estate
  • Copy of Purchase and sale agreement (For land)
  • Construction budget
  • Contractor agreement
  • Copy of architectural drawing & plans
  • Environmental Questionnaire (provided by the lender)