SBA 504Loan Application Checklist
The following items must be submitted to complete the application.
1. ◊ U.S. Small Business Administration Application for Section 504 Loan Form All owners and guarantors must sign and date.
2. ◊ Application for SBA 504 Loan. Please sign and date.
3. ◊ SBA Form 912 Personal History Statement. For all persons owning 20% or more of the business.
4. ◊ Personal Financial Statement. For all persons owning 20% or more of the borrowing company or the
operating company. Must be dated within 90 days. Please sign and date.
5. ◊ Personal Tax Returns for the past 1 year for every individual providing personal financial statements.
6. ◊ Resume on owners and management.
7. ◊ Current financial statement (not over 60 days old). Include balance sheet and profit and loss for both
operating and borrowing company. Also must include aging of accounts receivable and payable for the same date as the current financial statement.
8. ◊ Two years past tax returns for the operating company and borrowing company.
9. ◊ Two years projected Profit and Loss Statement, including narrative of how the projections were determined. Please sign and date.
10. ◊A month-by-month cash flow for next 12 months corresponding with above projections. Required for new businesses only.
11. ◊ List of existing business debts for the borrowing company and the operating company.
12. ◊ Notice of any previous government financing.
13. ◊ Financial information, including the last two years, and a current statement on any business of which the borrowers own more than 20%. This must be provided if applicable.
15. ◊ Project Cost Documentation. Purchase agreement, settlement sheet, contractors bid on construction and list of equipment to be purchased and cost.
16. ◊ IRS Transcript Form
