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
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: |
Start-Up or Acquisition of Franchise |
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:
262 Highway
36
West