Project
	Fully completed SBA 504 application.
	Executed purchase agreement for land and/or building.
	Construction bids and/or equipment list (purchase invoice(s)).
Business
	History and description of business (business plan).
	Current balance sheet and income/operating statement (not more than 120 days old from application date) for the Operating Company (OC).
	Accounts receivable and accounts payable agings coinciding with current financial statement.
	Debt schedule, coinciding with current financial statement, detailing all obligations for the OC.
	Last three fiscal year-end balance sheets and income/operating statements and completed signed copies of past three years' income tax returns for the OC.
	Request for IRS transcripts (SBA form 4506T for OC and owners).
	Any business in operation less than two years must provide two years of projections of earnings showing the effect of the proposed project plus a month-by-month statement of cash flow.
Business Misc.
	Filed copy of Articles of Incorporation and By-laws, and/or Partnership Agreement and/or Limited Liability Company Organizational documentation or Certificate of Assumed Name
	Employer identification number/Tax identification number for the real estate holding company and/or OC.
	Names, addresses and last fiscal year-end statements of any subsidiaries and/or affiliates, if applicable. Copy of signed franchise agreement, if applicable.
	Copy of new lease between OC and real estate holding company, if applicable (sample lease which satisfies SBA requirements).
Personal
	Personal financial statements (SBA Form 413; not more than 90 days old from application date)
	Complete and signed copies of the past three years' tax returns, including all W-2's, schedules and K-1's from all owners of the OC.
	Resumes of all officers and key management of the OC.
	Personal history statements (SBA Form 912) from all officers of the OC.
	Assignment of life insurance policy as collateral on key owner(s) of the OC.
Lender
	Commitment and credit elsewhere letter from first mortgage lender.
	Credit reports for all owners.
	Copy of lender's credit presentation/memo.
	Appraisal of project (NOTE: this must be ordered by participating lender).
	Environmental investigation (phase I, phase II, transactional screen analysis or environmental questionnaire).
	Itemization of soft costs (include professional fees, contingencies and interim interest).