Necessary Items for a GCL Business Loan

Gather the following information and documentation to apply for a business loan. Please note other documentation may be required.

• Business Name
• Business Taxpayer ID number or Social Security number
• Business Structure (i.e. Sole Proprietor, Limited Liability Company, Corporation), copy of legal formation will be needed
• Business Owners (i.e. Sole Proprietor, LLC Members, Corp. Directors, President, etc.)
• Personal Financial Statements (one for each owner and/or guarantor)
• Past three (3) years of IRS Tax Returns for both Personal and Business
• Past Three (3) years of Business Financials (i.e. Balance Sheets and Profit & Loss Statements)
• Current Business Balance Sheet and Profit & Loss Statement
• Banking Checking and/or Savings account statements
• Contact Information

Project: Oil and Gas industry debt refinance. Provided refinancing of a short-term , marine vessel loan into a longer-term, amortizing debt. Financing provided with the assistance of the USDA B&I loan program.