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 may be required.
  • Last 3 Years Business Financial Information of Affiliate Businesses, if Any
  • Conditional Bank Commitment Letter
  • Appraisal by Qualified Appraiser
  • Environmental Investigation, as appropriate, for the site
  • OSDC Loan Application Fee