What you’ll need when applying for a business account or loan.
Let us help you prepare.
Our goal is to make opening a business account, or applying for a business loan, as easy as possible for you.
Items to open a business checking or savings account include
- Personal I.D. and professional/business license
- Employment Identification Number (EIN)
- Articles of Incorporation and banking resolutions (the paperwork you filed with the state when you first opened your business)
To apply for a business loan, here is what you need:
- Details of loan request (amount needed and how you will use the funds)
- Three years of personal and corporate tax returns, with all schedule K-1’s
- Personal financial statement from last 12 months.
For commercial real estate loans, you will need:
- Proposed sources and use of funds
- Detail of the size and type of property to be financed
- Current rent roll
- Copies of all leases
- Copy of signed Purchase Agreement
- Detailed construction budget (if applicable)