Worried about what you will need to provide to apply for a business loan? Here are the basics.
Initially, a lender will want all or some of the following:
Lenders may also need some or all of the following:
Check these items prior to application to avoid delays in the process:
Note: This information is intended to serve as general guidance about what documentation you can expect during the loan process, and is not intended to be a comprehensive list of all requirements.
Melanie Otto is a senior vice president and director of agency finance at Providence Bank and specializes in providing financing to insurance agents.