Know what belongs. See what is missing.

What the business does, what you are financing, why now, total request, timing, and the expected business benefit.

Every project cost, requested financing source, borrower cash source, seller financing, and other funding source.

Applicant, affiliates, operating company, real-estate entity, ownership percentages, and guarantor relationships.

Working capital, fixed assets, occupancy, ownership change, eligible debt, amount, timing, and flexibility questions to resolve before applying.

Complete federal returns for the operating business and relevant affiliates for the periods the lender requests.

Year-to-date profit and loss and balance sheet with the statement date clearly shown.

Comparable period or year-end financials that help explain trends, seasonality, and unusual changes.

Lender, original balance, current balance, payment, rate, maturity, collateral, and payoff treatment.

Supportable forecast, debt-service impact, and a written explanation of the revenue, margin, staffing, and timing assumptions.

Assets, liabilities, income, contingent obligations, and ownership interests using the lender's requested format.

Complete federal returns for each required owner or guarantor for the periods requested by the lender.

Relevant operating, management, industry, ownership, and transaction experience.

Evidence for the source of borrower injection, transaction costs, and planned post-close reserves.

Current signed or draft transaction terms, purchase structure, price allocation, contingencies, and target closing date.

Historical seller returns and current statements for the business being acquired, subject to the lender's request.

A line-by-line schedule with evidence for every proposed owner benefit, unusual item, or normalization.

Seller transition, key employees, customer or vendor concentration, working capital, and the buyer's first 100 days.

Formation filings, operating agreement or bylaws, ownership records, and good-standing evidence when requested.

Current licenses and the insurance contacts or policies relevant to the business, property, and transaction.

Track the report requested and ordered by the lender. Do not independently order a report unless the lender instructs you to.

Use only the current forms and secure submission method provided by the selected lender or CDC.

One dated list showing each condition, responsible party, status, and evidence delivered.