SBA 7(a) & 504 Loans
30–90 daysSBA loans require the most documentation of any loan type. Gathering these documents upfront will significantly speed up the process. Missing documents are the #1 reason SBA deals get delayed.
Business Documents
10 itemsBusiness tax returns
RequiredLast 2 years, all schedules included
Year-to-date P&L statement
RequiredSigned by owner or CPA, within 90 days
Year-to-date balance sheet
RequiredSigned by owner or CPA, within 90 days
Business bank statements
RequiredLast 3 months, all pages
Business license / operating license
RequiredCurrent and valid
Articles of incorporation / organization
RequiredIncluding any amendments
Operating agreement or bylaws
RequiredFor LLCs and corporations
Accounts receivable aging report
If applicableIf applicable
Accounts payable aging report
If applicableIf applicable
Existing debt schedule
RequiredAll current business loans and leases
Personal Documents (All Owners 20%+)
5 itemsPersonal tax returns
RequiredLast 2 years, all schedules
Personal financial statement
RequiredSBA Form 413 preferred
Government-issued photo ID
RequiredDriver's license or passport
Resume / biography
RequiredBusiness experience and background
Personal bank statements
If applicableLast 3 months
For Real Estate Deals (504 / 7a RE)
5 itemsPurchase contract
RequiredFully executed, if applicable
Property appraisal
RequiredOrdered by lender — we coordinate
Environmental Phase I report
RequiredRequired for most CRE
Lease agreements
If applicableIf property has tenants
Construction plans and budget
If applicableFor construction or renovation
Send this to your client
Copy this checklist and paste it into an email to your client. It sets professional expectations and speeds up document collection significantly.