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Application

Our team is available to provide guidance through the loan application process. In order to process a loan application, we will need:

  • Loan Application
  • Personal Financial Statement for any individual that owns 20% or more of the company and any guarantors
  • Business plan
  • Cash flow projections for the next 12 months of operations
  • Year-to-date profit & loss, current within 60 days (for existing businesses)
  • Three years of personal federal tax returns for any individual that owns 20% or more of the company and any guarantors
  • Three years of federal tax returns for the business, or all years available for younger businesses (this may be part of your federal tax return)

The SMOC Financial Services team may need additional paperwork in order to process your application. Many common examples of this documentation are included on the checklist in our loan application.

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