El Paso County Business Loan Fund Application Checklist

Please provide the information below:

 

• Commercial Loan Application (pdf)
• Key Cost Documents:
  -Purchase Agreement with Addendum’s
  -Current or Proposed Lease
  -Landlord Outlining Proposed Terms
  -Contractor’s written estimates or bids if applicable
  -Equipment bids with Invoices or Purchase Orders
• Personal Financial Statement (pdf)
• Credit Report(s)
• Personal Budget Analysis (Excel document)
• Management Resume(s) (pdf)
• Interim Financial Statement, to include balance sheet and income statement dated within 60 days of application. (MUST be signed and dated.)
• Business Debt Schedule (Excel document)
• Complete Business Plan, including one year of projections with assumptions. Mandatory for new business
• Business Acquisition Loan (If applicable):
  -Seller’s Business Tax Returns for prior three years or Seller
  -Certified Financial Statements
  -Seller’s Interim Financial Statement to include balance sheet and income statement dated within 60 days of application
  -Copy of signed business purchase agreement including asset cost breakdown, all amendments, extensions, and total purchase price
• Affiliated Companies (If applicable):
  -Description of Affiliates
  -Percentage of Ownership in Affiliates
  -Affiliate Business Tax Returns for prior three years
  –Affiliate Business Debt Schedule (Excel document)
  -Interim Financial Statement to include balance sheet and income statement dated within 60 days of application
• Articles of Incorporation, or other documents of legal identity
• Miscellaneous
• Tax Returns: Business & Personal
  Including all schedules for prior 3 years