Identify and Assemble Documents
The 7(a) lenders we’re working with require
- Complete Paycheck Protection Program form (Form 2483)
- Entity documents: Complete set
- Articles of incorporation/Articles of organization
- Tax ID number
- Operating agreement and/or updated statement of information
- Driver license copy (for every individual with 20% or more ownership)
- Payroll summary report/register past 12 months (to calculate 2 months’ average)
- Breakdown of payroll benefits (vacation, allowance for dismissal, group healthcare benefits, retirement benefits, etc.)
- 1099s (for independent contractor)
- Borrowing entity tax returns for the most recent year filed (2019, or 2018 if 2019 is not filed)
- Borrowing entity 2019 financial statement if 2019 tax return is not filed
- IRS 941 quarterly tax statement (most recent four quarters)
Our team will help you organize everything needed to apply for an SBA loan.