SBA Punchlist for Deal Almost Under LOI

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by a searcher from University of Maryland - Robert H. Smith School of Business
in New York, NY, USA

2yrs ago

SBA Punchlist for Deal Almost Under LOI

I almost have a Self Funded deal under LOI and will be using a SBA Loan. I am curious if there is a punch list of all the information you should have collected and ready to share with prospective SBA Lenders to improve and expedite the process?

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reply by a lender 2yrs ago
in Oakland, CA, USA

Typically we like to see the following in order to generate a term sheet: Last 3 years of personal tax returns, Last 3 years of business tax returns, YTD business financials, personal financial statement, CIM, and LOI.

However, we're more than happy to start discussions before we have all the requested docs, that's just what we need at a minimum to start generating a term sheet.

Feel free to reach out if you want to discuss your deal more in depth. redacted redacted

reply by a lender 2yrs ago
from California State University, Sacramento in Seattle, WA, USA

We have a term sheet punch list and a complete underwriting checklist list. email and i'm happy to share: redacted Good luck with getting your LOI inked!