504 and 166 Loan Application Checklist

History and Description of Business and Owner Resumes
Project Description including specific Use of Loan Proceeds
Cost Verification – Purchase Agreement and/or Third Party Cost Estimates
Business Financial Information — Last 3 years of Income Statements & Balance Sheets
Business Tax Returns for Last 3 Years
Current Business Financial Statement (less than 90 days old)
Current Personal Financial Statement from all 20%+ Owners
Personal Tax Returns Last 3 Years from all 20%+ Owners
Business Financial Projections for 3 Years
Last 3 Years Business Financial Information of Affiliate Businesses, if Any
Conditional Bank Commitment Letter
Appraisal by Qualified Appraiser
Environmental Questionnaire and Formal Assessment, if Required
OSDC Loan Application Fee