The form takes contact details, the company name, three ranges (time in business, annual revenue, amount requested) and a consent box. Documents such as bank statements and tax returns come up only if a funding partner reviewing the request asks for them. The steps run from the form or a call to partner review and any offer the owner can accept or decline.
Documents required for a business loan, sorted for a Kannapolis, NC real estate office paid on commission
No single list of documents is required for every business loan; each funding partner sets its own. What follows is a set of records a partner may ask for, sorted with a Kannapolis, NC real estate office in mind, where income arrives as commission checks at closing rather than as steady sales.
- Business bank statements covering recent months, which show when commission deposits landed.
- Business tax returns for the last year or two, and the owner's, if the partner asks.
- A record of closings paid and of transactions under contract that have not closed yet.
- The agreements that set how commission is split with agents.
- The formation papers for the company and identification for each owner.
- A list of loans, leases or advances the office already pays, with each monthly amount.
The request form has no place for any of it. It comes up only if a funding partner reviewing the request asks for it, and the how it works page shows where in the process that happens.
Business loan application checklist for a Cabarrus County, NC painting contractor with slow-paying jobs
A painting contractor in Cabarrus County, NC with slow-paying jobs may need money for the wait between finishing a job and being paid for it. A business loan application checklist for that gap is short, and most of it is about the gap itself:
- Write down the payroll dates and amounts the gap has to cover.
- List the open invoices, each with its amount and how many days it has been unpaid.
- Note the jobs signed for the coming weeks, with their expected billing dates.
- Download the business bank statements for recent months, the ones that show the slow payers landing.
- Add up the monthly payments already owed on other loans, leases or advances.
- Last, choose a range for each of the three form questions (years operating, yearly revenue, amount) and send it, or call instead.
Steps one to five stay on the contractor's desk until a call or a partner asks. Step six, plus contact details and the company name, is all the form itself takes. Common questions about time in business and bank statements are on the FAQ page.
Steps to apply for a small business loan when a Kannapolis, NC home builder adds a second crew
A Kannapolis, NC home builder adding a second crew has two kinds of cost at once: tools and a trailer that last for years, and wages that come due before the new crew's first draw is paid. The steps to apply for a small business loan run the same way for both, though the funding types may differ:
- Price the crew: the tool package, the trailer and the payroll weeks before the first draw arrives.
- Send the request form on this page, or call (704) 916-9214 if the cost is simpler to explain out loud.
- On the call, the equipment side can be placed under equipment financing and the payroll side under working capital.
- The request goes to funding partners, and each one reviews it under its own rules and may ask for records.
- A partner that goes ahead puts its amount, term and cost in writing.
- The builder reads each offer, compares the totals and accepts one or none.
Splitting the cost by how long each part lasts keeps a payroll gap from sitting on a five-year schedule, and keeps the tools from riding on a short one.
What the request form covers, and what waits for the call: a Kannapolis, NC quick-service restaurant pricing a catering van
A quick-service restaurant in Kannapolis, NC pricing a catering van can send the request form before the van is chosen, because the form covers only who is asking and the size of the business: full name, phone, email, company name, time in business, annual revenue and the amount requested, the last three as ranges, plus a consent box whose own wording sets out what the business agrees to.
Everything about the van waits for the call:
- which van, new or used, and from which seller;
- the price on the quote and any down payment the restaurant can make;
- how the van earns its keep, such as catering orders already on the calendar;
- the monthly payment the restaurant can carry next to its other costs.
No credit application changes hands when the form is sent. A partner may look at credit while it reviews the request, and taking or leaving any offer is the restaurant owner's call. Texts about the request follow the text message terms.
By Ivyvale Capital Group ยท Updated