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.
* 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).
- A history and description of the business and ownership of operating company and real estate.
- * # Personal Financial Statement
- Balance Sheet & Income Statement 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.