SBDC... Springfield - Clark County Small Business Development Center

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How to prepare for a business loan

Whether you are applying for one of our loans or choose to work with another lender of your choice, document requirements may vary. For this reason, we suggest you contact your chosen lender to acquire the exact information required. Common information by lenders include:

Purpose(s) of your loan request
History of your business and the industry
Financial statements for the past three years
Schedule of term debts (existing businesses)
Aging of accounts receivable and payable (existing businesses)
Projected opening day balance sheet (new businesses)
Projected income, expenses and cash flow
Building lease or purchase details
Amount you plan to invest in the business venture
Signed personal financial statement
Personal resumes of owners and key staff personnel
Past three years personal or acquisition business tax returns

For additional information contact:

Warren Holden, CBA
Loan Program Manager
937.322.8685

SBDC, Inc. is partially funded by the City of Springfield, Clark County Commissioners, the Ohio Department of Development, and the U.S. Small Business Administration. The support given through such funding does not constitute an expressed or implied endorsement of any of the co-sponsors' or participants' opinions, products, or services. A Partnership Program with the Ohio Department of Development and the U.S. Small Business Administration. Programs are provided on a non-discriminatory basis and available to individuals with disabilities.