A

1. Application Form: The initial document completed by the borrower to apply for a loan, detailing personal or business information and the purpose of the loan. Required for all types of loan applications.

2. Appraisal Report: A professional assessment of the value of collateral, such as real estate or equipment, used to secure the loan. Commonly required for secured loans, including real estate and equipment financing.

3. Articles of Incorporation: Legal documents outlining a business's structure and registration, often required for business loan applications, especially for startups and corporations.

B

4. Balance Sheet: A financial statement showing a company's assets, liabilities, and equity at a specific point in time. Required for business loans and commercial financing applications.

5. Bank Statements: Documents showing the borrower’s banking activity, including deposits and withdrawals, to assess financial stability. Used in personal, business, and commercial loan applications.

6. Borrower’s Authorization Form: A signed document granting the lender permission to pull credit reports and verify information. Necessary for all loan applications involving a credit check.

C

7. Cash Flow Statement: A financial report showing a company’s inflows and outflows of cash over a period. Essential for business loans, especially for working capital and expansion financing.

8. Collateral Agreement: A document outlining the terms and conditions of assets pledged as collateral for the loan. Commonly used in secured loans and asset-based lending.

9. Credit Report: A detailed report from a credit bureau summarizing the borrower’s credit history and financial behavior. Required for all credit-based loans.

10. Credit Score Disclosure: A document informing the borrower of their credit score and its impact on the loan terms. Typically used in consumer and small business loans.

D

11. Debt Schedule: A list of all current debts, including balances, interest rates, and repayment schedules. Required for business loans and refinancing applications.

12. Disclosure Statement: A document detailing all loan terms, conditions, and fees, ensuring transparency for the borrower. Mandatory for all loan types.

13. Driver’s License or ID: Government-issued identification used to verify the borrower’s identity. Necessary for all personal and business loan applications.

E

14. Environmental Report: A document assessing the environmental risks associated with a property or project. Often required for commercial real estate and construction loans.

15. Employment Verification Letter: A letter from the borrower’s employer confirming employment status and income. Commonly used for personal and small business loans.

16. Executive Summary: A brief document summarizing the borrower’s business acquisition plan, key financial data, and loan purpose. Specifically required for business acquisition loans.

F

17. Financial Statements: A collection of documents, including the income statement, balance sheet, and cash flow statement, used to evaluate a borrower’s financial health. Required for business and commercial loans.

18. Flood Certification: A document indicating whether a property is located in a flood zone and requires additional insurance. Necessary for real estate and construction loans in flood-prone areas.

19. Franchise Agreement: A document outlining the terms and conditions of a franchise relationship, if applicable to the acquisition. Required for franchise business loans.

G

20. Guarantor Agreement: A document outlining the obligations of a guarantor who agrees to repay the loan if the primary borrower defaults. Commonly required for small business and startup loans.

I

21. Income Statement: A financial report summarizing a company’s revenue, expenses, and profit over a period. Essential for business and commercial financing.

22. Insurance Certificate: Proof of insurance coverage for the borrower or collateral. Required for secured loans and loans involving physical assets.

L

23. Lease Agreement: A document outlining the terms of a lease, often used for businesses with leased properties. Necessary for loans involving leased premises or equipment.

24. Loan Estimate: A document provided to the borrower summarizing key loan terms, including interest rates and closing costs. Required for mortgages and other consumer loans.

25. Letter of Intent (LOI): A preliminary agreement outlining the terms and conditions of the proposed loan. Often used in business acquisition and commercial financing.

26. List of Assets: A comprehensive inventory of all assets being acquired in the business purchase, including their value and condition. Required for business acquisition loans.

M

27. Mortgage Document: A legal agreement securing a loan with real property as collateral. Used in real estate financing.

28. Market Analysis: A report evaluating market trends and conditions relevant to the borrower’s business or project. Commonly required for business and commercial loans.

29. Management Plan: A document detailing the borrower’s plan for managing the acquired business, including staffing and operational strategies. Required for business acquisition and expansion loans.

N

30. Note (Promissory Note): A legal document in which the borrower formally agrees to repay the loan under specified terms. Necessary for all loan agreements.

P

31. Pay Stubs: Documents showing the borrower’s income and employment status. Required for personal and small business loans.

32. Personal Financial Statement: A summary of an individual borrower’s assets, liabilities, and net worth. Used for business and personal loans.

33. Proof of Address: Documents such as utility bills or lease agreements verifying the borrower’s residence. Required for personal, business, and commercial loans.

34. Property Title: A legal document confirming ownership of the collateral. Necessary for real estate loans and secured loans.

35. Purchase Agreement: A contract detailing the terms of the business acquisition, including price and contingencies. Required for business acquisition loans.

R

36. Rent Roll: A detailed report of rental income from tenants, often required for real estate loans. Essential for loans involving income-producing properties.

37. Resumes: Documents outlining the qualifications and experience of key personnel in a business loan application. Required for startup and business acquisition loans.

38. Reference Letter: Letters from professional contacts attesting to the borrower’s character or financial reliability. Often used in small business and startup loans.

S

39. Security Agreement: A document granting the lender a security interest in collateral pledged by the borrower. Required for secured loans and asset-based financing.

40. Survey Report: A detailed map or description of a property’s boundaries and features. Required for real estate and construction loans.

41. Seller’s Financials: Financial statements and records provided by the seller to validate the profitability of the business being acquired. Used in business acquisition loans.

42. Shareholder Agreement: A document detailing the ownership and responsibilities of shareholders in a business loan application. Commonly required for corporate financing.

T

43. Tax Returns: Filed tax documents providing a historical view of the borrower’s income and financial activities. Required for personal, business, and commercial loans.

44. Title Insurance Policy: Insurance protecting against disputes over property ownership. Required for real estate loans.

U

45. Uniform Commercial Code (UCC) Filing: A document filed by the lender to secure interest in the borrower’s personal property as collateral. Necessary for secured loans and commercial financing.

V

46. Valuation Report: A detailed assessment of the value of an asset, such as real estate or equipment, used as collateral. Required for secured loans and business acquisition loans.

47. Vendor Agreements: Contracts with key suppliers or service providers that are critical to the acquired business’s operations. Required for business acquisition and commercial loans.

48. Verification of Business Income: Documentation confirming the revenue generated by the business being acquired. Used for business acquisition loans and commercial financing.