Financial statement preparation - Learn how to collect and publish
key business financial statements including the income statement, balance sheet and cash flow statement.
Job Description: Successful candidates will possess excellent communication skills, the aptitude to develop business relationships, and have the ability to read and
interpret business financial statements.
In addition to the documentation a bank will typically require, the SBA requirements (some of which may also be bank requirements) typically include an SBA loan application, a business plan, a personal financial statement, 3 years
of business financial statements, 3 years of federal business tax returns, a one - year cash flow projection, information about all owners and an explanation of how a loan will help the business; and a copy of the business lease or proposed terms.
Small business owners will be asked to provide a wide range of materials, ranging from personal and
business financial statements to organization charts, licenses, and schedules of business insurance.
These include a personal history statement; personal and
business financial statements; business description; listing of management personnel; equipment list; cosigners; summary of bankruptcies, insolvencies, and lawsuits (if any); listing of any familial relationships with SBA employees; subsidiaries, either proposed or in existence; franchise agreements; and statements of financial interest in any establishments with which applicant business does business, if applicable.
Business financial statements for up to the past three years, including balance sheets and profit and loss statements (P&L).
The underwriting process will be similar to any other loan application — you'll need to submit various documents, such as tax returns and
business financial statements, and agree to a hard credit check on your personal credit report.
Business financial statements, including profit and loss statements and projected financials
Business Financial Statements - For business life insurance - buy sell agreements, key person insurance
These disclosure include the Sworn Financial Statement as well as the three most recent years of income tax returns, personal and
business financial statements, real estate documents, personal debts, investments, employee benefits, retirement plans, bank / financial institution accounts, income documentation, child care documentation and extraordinary child care expense documentation.