SBA APPLICATION
INSTRUCTIONS:

 

Thank you for your interest. The attached document is our SBA application in word format. If you have a Microsoft Word 2000, you should be able to open the document. In all cases we will need the following documents filled out.

 

The Loan Request Form:  If you have not legally established or incorporated your company name, please provide your preferred company name and indicate (proposed), If you will be trading under a different name list your dba/ _______________  (doing business as). Bank information is for personal as well as business accounts. Accountant and attorney should be listed if you have one. Trade references only apply if you already own the business and seeking an expansion loan.

 

Project Cost Estimates:  We will complete this form, but if you have a detailed breakout of costs please attach or include.

 

History of Business:  If you have a business plan please include it in the package, but please complete this form. (short answers or phrases are sufficient here). If it is a business acquisition, the seller should provide this information.

 

Certificate of Secretary Organization: Please list all officers of the company.

 

Business Debt Schedule:  This applies if you are acquiring a business where debt is to be assumed or if you are restructuring, refinancing, buying out partners or expanding  an existing business.

 

Source of Capital Injection: We need to know the sources for you to make the downpayment. Copies of Bank or Financial Statements should be included.

 

Authorization To Release Information: Needs to be signed and dated by all partners who will own 20% or more of the newly started or acquired business. 

 

Environmental Questionaire: Please have landlord complete.

 

Personal Income and Expense: List your expected income after the acquisition or start-up of the business should include spouse’s income (if married). Expenses should be realistically portrayed and adjusted to the living situation and/or personal expenses you will have after the purchase or opening the business. Numbers should be annualized (one year totals).

 

Personal Financial Statement:  Updated information needed for your PFS. Most commonly omitted is Section 2 (notes payable). This section refers to: Auto loans, credit cards, and personal bank loans. Omit credit cards or debt where the balance is paid off monthly. Section 5 refers to personal property like furniture, jewelry, household items and valuable collections, please list general categories with $ amounts. Section 4 should include all personal properties including home, vacation home, rental home, land and home equity loans (detailed information must be provided).

 

Management Resume: Basic Information and dates need to be filled out, but you can attach a resume if you have one. You must respond to the US citizen question or alien registration #. If you are not a US Citizen, but have permanent status in the US recognized by the INS (Immigration Naturalization Service), you can qualify. Copy of your alien registration card or green card (both sides) should be included in the application.

 

4506 –Request For Copy or Transcript of Tax Forms – Just fill-out 1(a) and 1(b) and 2(a) and 2(b) if married and filing jointly and sign and date it at the bottom of the page. You need to include 3 years of personal tax returns with your application.

 

Personal History:  Fill-out 1-9. Must answer truthfully questions 6-8. If you answer “yes” to any of these, you should include an explanation of circumstances, charges and outcome.  

 

Individuals who will own 20% or more of the business must fill-out: Personal Income and  Expense, Personal Financial Statement, Personal History Form and Authorization to Release Information.    

 

Other documents:Required Include:  3 years personal tax returns, articles of incorporation (if incorporated), last years W-2 or 1099 form, and green card or alien registration card (if not a US citizen).

 

For Business Acquisition:

3 Years Corporate Tax Returns
Purchase Agreement
Description of Business (Brochures)
Office Lease
Financial Statement, P&L, Balance Sheet,
(should be no older than 45 days)

Start-Up or Acquisition of Franchise

Total Investment Required (Start-Up Franchise)
Purchase Agreement (If purchasing franchise)
UFOC (For franchises only, and if you have a copy)
Draft or Final Office Lease (If Available)
Business Plan (for independently run start-up businesses)
Business Plan (for start-up franchise if one available)

 

If you need assistance on developing a business plan, visit us at: www.easysba.com or www.diamondfs.com

(Go to “Business Plan Outline” section)

 

To complete the application:  After filling out the information (preferably on your computer), please email it back to us at DonJ@easysba.com or print-out the total application and fax to us at (732) 495-7058.  Please remember to mail our processing fee of $250 (Payable to Diamond Financial Services) when sending in your initial application package.  We will review the application and send an original to you for your signatures.  Then mail the final application and all supporting documents to:

 

Diamond Financial

262 Highway 36

West Keansburg, NJ 07734

 

Should you have any questions call us at our toll free number: (877) 508-2274