How To Apply

Read through the loan application to learn more about the information you’ll need to provide to the SBA.

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SBA 504 Loan Approval & Documents

Business documentation

• History and description of business
• Last three fiscal year-end balance sheets and income/operating statements
• Last three years of corporate tax returns
• Names, addresses and three years of federal tax return statements for any subsidiaries and/or affiliates, if applicable
• Current balance sheet and income/operating statement (not more than 90 days old)
• Filed copy of Articles of Incorporation and By-laws, and/or Partnership Agreement and/or Limited Liability Company Organizational documentation, or Certificate of Assumed Name
• Disclosure statement that tells of previous SBA financing, previous bankruptcy or pending lawsuits
• Copy of franchise agreement, franchisor’s FTC Disclosure Statement; or License Cooperative, Membership, dealership or similar Agreement,if applicable
• Aging of Accounts Receivable and Accounts Payable that coincide with current financial statement.
• Request for IRS Transcript

Management background information

• Personal financial statements of owners of small business, as well as last three years of personal tax returns
• Personal history statement (SBA Form 912) on all officers and directors
• Resumes of all officers and key management of small business being assisted
• Copy of Driver’s License for all persons who own 20% or more of the business or real estate

Project documentation

• Purchase Agreement for the land and/or building
• Completed and executed Retainer Agreement and Certification page
• Life insurance in the amount of the debenture may be required to be collaterally assigned to the SBA. (Note: not needed until loan closing)
• Preliminary plans and specifications
• Written cost estimates for the project
• As-built appraisal of the project (NOTE: This must be ordered by the participating lender)
• Commitment letter from the participating lender
• When applicable, two years’ projections of earnings showing the effect of the proposed project (plus a month-by-month statement of cash flow for a new business)
• Copy of Environmental Analysis, addressed to the SBA (typically ordered by the participating lender), and Hazardous Waste License application (if applicable)

Disclaimer
Amplio hopes you find this information helpful but provides it “as is” and without warranty. Amplio is not responsible for errors or omissions. Government regulations and Amplio policies may change at anytime without notice. In all cases, government regulations and Amplio policies in effect at the time of loan application shall apply.