Checklist
Borrower document checklist
The ten-business-day clock starts when this list is complete. Getting it to us early is the single best way to keep a closing on schedule.
Reply within one business day · Fixed fee in writing · No obligation
Financial statements
- Accountant-prepared financial statements for the last two fiscal years
- Internal monthly P&Ls and balance sheets for the last two fiscal years and year-to-date
- General ledger detail for the same periods
- Seller's schedule of proposed add-backs with support
Tax
- Business federal tax returns for the last two to three years
- IRS transcripts (the lender obtains these with Form 4506-C)
- Sales and payroll tax filings for the trailing 12 months
Cash
- All bank statements, every account, trailing 12 months plus the last two fiscal years
- Merchant processor and payment-platform statements
- Loan statements and lines of credit
Revenue & customers
- Sales by customer for each period, top 10 customers
- Significant contracts and their terms
- Industry reports: POS summaries (restaurants), production and collections (dental), WIP schedule (construction)
Payroll & owners
- Payroll registers and owner compensation detail
- Related-party leases and transactions
- Organizational chart and key employees
Assets
- Fixed asset listing and depreciation schedule
- Recent and planned major repairs or equipment replacements
- Accounts receivable and payable aging at each year-end and latest month
Ready to start?
Send the deal basics and we'll reply within one business day with an engagement letter or a scoping call.