To streamline the application process and ensure you’re able to complete the full application using our automated platform, please check out which documents you should have ready as a Corporation or LLC that files as a Corporations:
1. Driver’s License / Photo ID
2. Voided Check
3. Bank Statements
Please provide a bank statement that covers 2/15/2020 as proof that the Applicant was in business as of 2/15/2020. If available, bank statements that are downloaded from your bank’s website will work better than scanned versions.
To substantiate health insurance (line 24 of 1120 line 24 or line 18 of 1120-S) or retirement benefits (line 23 of 1120 or line 17 of 1120-S) to employees
5. Proof of Payroll Form 940
*Applicable only if you have employees*
While it is preferable to provide a 940, you may provide four 941 quarterly forms instead. If you choose to provide 941’s instead of a 940, please make sure that they are four consecutive quarters covering your full calculation period (2019 or 2020). Using 941’s may require a manual underwriting which can delay your application.
Every business experiences lean times when more cash seems to be flowing out than in. That’s when you are required to make hard choices about the bills to pay now and what can wait. Payroll is an operating cost you can’t delay. After all, your employees are the lifeblood of your operations, so getting them […]
A financial statement demonstrates how a business has utilized the funds it has received from stockholders and lenders. In this way, these statements speak volumes about the executive strategy and offer a sense of transparency for those who have infused their own funds into the business' mission.
Not everyone has the means to fund their business internally, so many owners look to gain access to a small business loan. However, accessing credit can be a challenge for small business, especially those with bad credit.