SBA Loans - San Diego
Lightning Commercial Funding
SBA Loan Sample Checklist
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❑ APPLICATION
❑ 3 YEARS PERSONAL TAX RETURNS FOR ALL BORROWERS / GUARANTORS
❑ CURRENT INTERIM STATEMENT WITH BALANCE SHEET AND INCOME STATEMENT
❑ MOST RECENT 3 YEARS BUSINESS TAX RETURNS
❑ EXECUTED PURCHASE AGREEMENT / ESCROW INSTRUCTIONS
❑ COMPLETED CUSTOMER IDENTIFICATION PROFILE BUSINESS (OTHER THAN SOLE PROPRIETOR) FORM FOR
OPERATING CONCERN, ELIGIBLE PASSIVE COMPANY AND NON-INDIVIDUAL GUARANTORS
❑ COMPLETED CUSTOMER IDENTIFICATION PROFILE INDIVIDUAL/SOLE PROPRIETOR FORM FOR ALL
PRINCIPALS AND PERSONAL GUARANTORS
❑ FOR UNITED STATES CITIZENS, COPIES OF ONE OF THE FOLLOWING:
❍ LEGIBLE COPY OF STATE DRIVERS LICENSE OR STATE ID CARD
❍ NUMBERED, GOVERNMENT ISSUED IDENTIFICATION
❑ FOR NON-CITIZENS, COPIES OF ONE OF THE FOLLOWING:
❍ LEGIBLE COPY OF STATE DRIVERS LICENSE OR STATE ID CARD
❍ PASSPORT WITH THE NUMBER AND ISSUING COUNTRY
❍ ALIEN IDENTIFICATION CARD WITH THE NUMBER
❍ NUMBER GOVERNMENT ISSUED IDENTIFICATION, PROVIDING EVIDENCE OF NATIONALITY
OR RESIDENCE (must contain a photograph or similar safeguard)
❑ FOR EACH AFFILIATED BUSINESSES (50% OR GREATER OWNERSHIP INTEREST)
❍ LAST THREE YEARS TAX RETURNS
❍ CURRENT INTERIM WITH BALANCE SHEET AND INCOME STATEMENT
❍ DEBT SCHEDULE THAT MATCHES BALANCE SHEET
❑ FOR RE-FINANCE TRANSACTIONS:
❍ COPY OF ORIGINAL SETTLEMENT SHEET
❍ COPY OF NOTE TO BE REFINANCED
❑ FOR GROUND LEASE / LEASEHOLD TRANSACTIONS
❍ COPY OF GROUND LEASE
❑ FOR CONSTRUCTION LOANS:
❍ PRELIMINARY COST BREAK DOWN
❍ INFORMATION ON CONTRACTOR
❍ FF&E BREAKDOWN IF APPLICABLE
❑ FOR START-UP BUSINESSES/BORROWERS RELYING ON PROJECTIONS
❍ PROJECTIONS WITH NARRATIVE EXPLAINING AND SUPPORTING THE BORROWERS PROJECTIONS
(with ADR and occupancy assumptions for motels)
❑ FOR CORPORATIONS:
❍ ARTICLES OF INCORPORATION
❍ STATEMENT OF INFORMATION
❍ SIGNED COPY OF BY LAWS
❑ FOR LLC:
❍ ARTICLES OF ORGANIZATION
❍ STATEMENT OF INFORMATION
❍ OPERATING AGREEMENT
❑ FOR PARTNERSHIPS:
❍ PARTNERSHIP AGREEMENT
❍ FILED GP-1
❑ OTHER: