Loan Application Non-Exhaustive Supporting Documents Checklist

BVFR strives to provide excellent customer service to its patrons. We understand the value of customer loyalty, and we will do everything possible to exceed your expectations.

The following document checklists are available:

  • New Business Documents

  • Existing Business Documents

  • Existing Real Estate/Construction Business

  • Existing Machinery/Equipment

  • Buying a Business

Documents needed for an New Business Loan

Personal Tax Returns

  • Submit for all owners, partners, officers, directors, guarantors, and stockholders with 20% or more stock ownership. Provide complete copies of all schedules for the last three years.

Business Plan and/or Feasibility Study

  • Submit all accompanying documentation pertaining to the Business Plan and Feasibility Study.

Pro forma Balance Sheet

  • Submit a pro forma balance sheet outlining the equity capital and loan proceeds as well as the balance sheet position at the start of the business.

Documents needed for an Existing Business Loan

Personal Tax Returns

  • Submit for all owners, partners, officers, directors, guarantors, and stockholders with 20% or more stock ownership. Provide complete copies of all schedules for the last three years.

Business Tax Returns

  • Submit complete copies of all schedules for the last three fiscal years.

Business Plan and/or Feasibility Study

  • Submit a complete copy of these documents.

Current Business Financial Statements (Income Statement & Balance Sheet)

  • Submit a complete copy of these statements - current within 45 days.

Past Business Financial Statements (Income Statement & Balance Sheet)

  • Submit a complete copy of these statements for the last three fiscal years.

Documents needed if seeking a loan for Real Estate Purchase/Construction Costs for an Existing Business

Purchase Agreement

  • Submit a signed contract for any real estate purchase.

Construction

  • Submit copies of plans/specifications for any proposed construction along with any projected costs.

Refinancing

  • Submit either a copy of note or Deed of Trust on the real estate to be refinanced.

Appraisals

  • Submit a copy of the most recent real estate and/or tax appraisal.

Documents needed if seeking a loan for Machinery/Equipment Purchases for an Existing Business

Purchase Order/Invoice

  • Submit a copy of the purchase order, invoice or quote from any machinery or equipment to be purchased.

Refinancing

  • Submit copies of notes on equipment along with a complete listing of all equipment.

For Buying A Business (Acquisition)

Purchase Contract/Agreement

  • Submit a copy of a signed contract with purchase price.

Seller's Financial Statements (Current and Past)

  • Submit copies of the seller's current Balance Sheet and Income Statements, dated within the last 45 days.

  • Submit copies of the seller's past Balance Sheets and Income Statements, for the last three fiscal years.

Tax Returns

  • Submit copies of the seller's Business Tax Returns for the last three fiscal years.