SBA 504 Loan Program Application Requirements

In order to expedite your loan application, we have included a list of some of the SBA required items. Other requirements will be detailed at a meeting with a GSDC Loan Officer.
 

  • A history and description of the business and ownership of operating company and real estate.
  • Personal History Statement * #
  • Personal Financial Statement * #
  • Tax Returns for the previous 2 yrs for the operating company.  If the company is a new business, provide a proforma balance sheet with a description of assumptions and projections.
  • Interim Balance Sheet & Income Statement dated within 90 days of the application.
  • Projected, annualized income statement for the first two years after loan funding.
  • For a new business, a monthly cash flow analysis for the first 12 months of operation or three months beyond the break even point, together with assumptions.
  • Copy of key cost documents, such as purchase & sale agreement, contractor cost estimates, vendor quotes for machinery & equipment.

 

* SBA Forms provided by GSDC.

# Required of each proprietor, partner or stockholder with 20% or more ownership  in the borrowing entity or operating company (small business).