Required documents for Small Business Loan (SBA)

Real Estate Agent


The following documents are needed when applying for an SBA loan: 

-3 years of business and personal tax return (some only requires 2 years) 

-Personal financial statement

-Credit report (some banks don't require this, have bank pull it to prevent drop in score)

-Two years of income projection

-Executive Summary 

-Pictures of property (required by distant lenders)

-Appraisal value

-Title report/copy of insurance or property tax


Comments (4)

KC Coonc
Windermere Real Estate/Whatcom, Inc. - Bellingham, WA
Bellingham Commercial Real Estate
I have been involved in SBA insured loans before. You need a business plan and a lot of luck too.
Oct 10, 2007 03:50 PM
Nga Nguyen
Milpitas, CA

Why do you say luck ? is the business projection not profitable ? I think if this business is good, it should not involve luck but merely a "yes, you are approved"

True, SBA lenders require executive summary and after the LOI, they ask for a business plan which is very time consumingly when owners do not know how to prepare one. Do you prepare this for your client ? 


Oct 10, 2007 03:57 PM
Any business person or entrepreneur can get a small business loans provided he complies with the criteria on personal and professional front required by the lending authority.<a href="">Small Business Loans</a> can provide a financial solution to sort out your business problems.Small business loans are basically loans which helps to any busines person.

Oct 18, 2007 09:54 PM