This program is available for transactions greater than $100,000. Generally, the rates are lower when a financial package is provided. The following information must be included in the financial package:
Owners – Any person owning more than 20% of the business:
- Current personal financial statement. Click here for a blank form if needed.
- Last 2 years personal tax returns, including all K-1s per Schedule E.
- Last 2 years fiscal year end business financial statements.
- Last 2 years business tax returns.
- Current interim financial statement.
- Business debt schedule.
- Other financial documents that are helpful include: A/R or Payable aging, asset appraisals and or any document that will help confirm information presented in the statements.