Application Requirements
Certain criterias must be met to qualify for a business membership. Be prepared to give us financial statements and contracts so we can get a full picture of your financial needs. Your business service representatives will assist you in the application process.
General asset, line of credit or Business purchase
- Last 3-years tax returns with attached schedules
- Most current interim financial statement – balance sheet and income statement
- Personal financial statement on owners of the business (form available)
- Copy of depreciation schedule or fixed-asset listing
- Accounts receivable aging/listing
- Accounts payable aging/listing
- 2-year projection of income and expenses (if available)
- Copy of invoice for specific machinery/equipment financing (if applicable)
- Copy of business evaluation or contract to purchase (if business purchase)
Commercial Real Estate Financing
- Copy of Sales Agreement / Contract
- Copy of signed leases currently in place. If vacant, lease terms expected.
- Financial statements from proposed tenant (if available)
- Personal financial statements from guarantors/owners (form available)
- Completed EPA Questionnaire
- Copy of any prior appraisal
- Real estate tax and insurance figures
- Copy of prints, specs and construction contract if new construction
- Legal description
- Survey (if applicable)
New Business Start-up
Business Plan including:
- 2-years projection of income and expenses and balance sheet
- List of sources and uses of proceeds – both loan and cash injection
- Personal financial statement on all owners (form available)
- Marketing plan
- Product or service description including benefits
- Resume’ of owners/key operators
- Identification and description of competition
- Copy of Franchise information (if applicable)
“We saved almost ten thousand dollars between interest and monthly payments! We were very excited!”
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