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Getting Started

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Financing your business.
Use this Getting Started checklist as a reference when seeking financing for your business. You will need to prepare and provide the following documentation:

  1. Company history and business plan: Include a company description, products and services, and an operations plan - specifically, how the company is run and marketing plans.

  2. Ownership structure: Include the legal entity of the company and its ownership structure (sole proprietorship, partnership, corporation, limited liability company, etc.). How much of the company is owned by each principal? Provide supporting documentation such as Articles of Incorporation, Articles of Organization, Partnership Agreements, and Certificates of Good Standing, etc.


  3. Management and personnel: Include a list of key people and their role with the company, as well as resumes for each.


  4. Funds required and expected use: Summarize why you need a loan and how you will use the money. Include collateral information, a repayment plan, and a contingency plan.


  5. Financial statements:
    • Include three years of financial statements, including a balance sheet and income statement, on the company. Also provide the most recent interim financial statement. Support the year-end financial statements with copies of federal tax returns.
    • Include personal financial statements on all persons who have 20 percent or more ownership in the company. Copies of tax returns (minimum of two years) should support personal financial statements.

  6. Key support people: A list of key support people, including the name of your accountant, attorney, insurance agent, etc., will eventually be needed.