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Lon Hand

Lon Hand

President Bankvista Chaska

[email protected]
952.905.2081
NMLS# 446531

 

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SBA Checklist

The following information is usually required during the loan process:

  • Personal & Business Federal Tax Returns – last 3 years with all supporting schedules (Required on all guarantors and/or all individuals who own 20% or more of the business)
  • If an existing business – Year-to-Date Balance sheet and Profit & Loss statement are required. (Must be dated within 90 days of application).
  • 2-Year Projection of earnings – (required if less than 3 years of historical statements are available)
  • If any owner/borrower has a controlling interest in another business, 3 years of financial   information must be submitted on each affiliate entity.
  • A/R and A/P Aging Reports – at Banks discretion depending on use of proceeds and collateral offered
  • For Franchise purchase include Uniform Franchise Offering Circular (UFOC)
  • Purchase Agreement (applies only to acquisitions or real estate purchases)
  • Complete SBA Application & FormsOpens a New Window.

Mortgage Checklist

The following information is usually required during the loan process: 

Income 

  • Paystubs (last 30 days)
  • W2's and 1099's (past two years) 
  • Personal tax returns (past two years) 
  • Business tax returns (past two years, if applicable) 
  • Other income - award letters, annuity statements, etc.

Assets 

  • Bank statements (most recent two months) 
  • Retirement accounts or other sources of funds (most recent) 

Other Documentation 

  • Bankruptcy documents - all schedules 
  • Divorce decree
  • Child support orders 

Testimonials

 


BankVista has been like a business partner to us.

-Chad Dockter and Chris Freed, Co Owners, Southwest Eye Care


BankVista approved the financing I needed within the hour.

-Neil Klingelhutz, Builder


We plan to grow with BankVista's help.

-Rock Greiner and Wendy Greiner, Owners Q InfoTek

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