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.
 

  • Personal History Statement for each owner, proprietor, partner or stockholder with 20% or more ownership.
  • Personal Financial Statement for each owner, proprietor, partner or stockholder with 20% or more ownership.*
  • Personal Tax Returns for 1 year for each owner, proprietor, partner or stockholder with 20% or more ownership.
  • Tax Returns for the previous 2 yrs for the operating company. 
  • Interim Balance Sheet, Income Statement, accounts payable and receivable agings (if applicable) dated within 90 days of the application.
  • For a new business, provide a proforma balance sheet, projected income statement and a monthly cash flow analysis for the first 12 months of operation with a detailed description of assumptions.
  • Copy of key cost documents, such as purchase & sale agreement, contractor cost estimates, vendor quotes for machinery & equipment.