How To Find Financing For Your Small or Established Business
Common Requirements Needed to Obtain a Loan
The following list of requirements may vary. If you feel you need assistance in acquiring and putting this information together, SCORE provides FREE and confidential one-on-one business consulting for interested individuals.
- Purpose of the loan
- History of the business
- Financial statements for three years for existing businesses
- Schedule of term debts for existing businesses
- Aging of accounts payables and receivable for existing businesses
- Projected opening day balance sheet for new businesses
- Lease details
- Amount of investment in the business by the owner(s)
- Projections of income, expenses, and cash flows as well as assumptions
- Personal financial statements on the principal owners
- Resume(s) of the principal owners and managers
Lending Programs & Resources
- Certified (CLP)/Preferred (PLP) Lenders
These lenders have a successful SBA lending track record. Provided by the Small Business Association.
- Patriot Express Lenders
The SBA's Patriot Express lending program is an initiative for veterans and members of the military wanting to establish or expand a small business. Provided by the Small Business Association.
- SBA Express
Available to lenders as a way to obtain a guarantee on smaller loans, it authorizes experienced lenders to use their own forms and procedures for the loan. Provided by the Small Business Association.
- CAPLines
Program that allows small businesses to meet their short-term and cyclical working capital needs. Provided by the Small Business Association.
For information on additional loan programs, please contact the Small business Association at (817)684-5500 or SCORE at (817)427-6819.
