Does completing every item mean I qualify?

No. The percentage reflects document collection only. Eligibility is determined by the SBA program rules and the participating lender.

Which SBA program does this cover?

The list reflects documents commonly requested across SBA programs generally. Read the SBA 7(a) and SBA 504 pages for how the programs differ.

Do I need a business plan?

It is frequently requested for newer businesses, acquisitions and projects with construction or expansion. Established operating businesses are sometimes asked for less.

Is my checklist saved?

It is held in your browser so it survives a page refresh during your visit. It is not sent anywhere and it is not tied to any account.

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SBA Loan Preparation Checklist

SBA & Commercial

SBA Loan Preparation Checklist

Work through the documents commonly requested during an SBA financing review. The progress bar measures checklist completion only, not readiness and not approval.

Checklist completion

0 of 23 items (0%)

This percentage measures checklist completion only. It does not measure loan readiness, eligibility or approval.

Business identity and entity documents

0 of 5 gathered

Business formation documents, such as articles of organization or incorporationOperating agreement or bylaws, where applicableBusiness licenses and registrations required in your state or cityEIN confirmation letterBusiness address details and proof of location, such as a lease

Ownership details

0 of 4 gathered

List of all owners with ownership percentagesGovernment issued identification for each owner as requestedOwner or management resumes, where requestedDetails of any affiliated businesses or common ownership

Financial statements

0 of 4 gathered

Profit and loss statement for the current periodBalance sheet for the current periodBusiness debt schedule listing balances, payments and termsAccounts receivable and accounts payable aging, where applicable

Tax and banking records

0 of 4 gathered

Business tax returns for the most recent filed yearsPersonal tax returns for owners where requestedRecent business bank statementsPersonal financial statement for owners where requested

Request details

0 of 6 gathered

Requested amount clearly definedWritten use of proceeds explaining how funds will be appliedBusiness plan, where applicableFinancial projections, where applicableCollateral details, quotes or appraisals, where applicableAny other documents specifically requested by the lender

Your progress

Items gathered

0 of 23

Completion

Items remaining

Exact documents vary by SBA program and by lender. Some lenders request fewer items and others request considerably more. Completing this list organizes your paperwork. It does not indicate eligibility or approval.

SBA 7(a)SBA 504 Business Funding Readiness Check

This calculator is an educational estimator. Results are illustrations based only on the values you enter. Kennify is not a bank, lender or financial adviser, does not make financing decisions, and does not guarantee approval, rates, terms or eligibility. Financing, if available, is provided by independent third-party providers under their own criteria.

How this works

The checklist is grouped into business identity, financial statements, tax and banking records, and request details.

Tick each item as you gather it. The percentage shown is simply the number of ticked items divided by the total number of items.

Your progress is kept in your browser for this visit only. Nothing is submitted and no documents are uploaded.

What your result means

A completed checklist means your paperwork is organized. It does not mean you qualify, and it is not a preliminary decision of any kind.

Exact documents vary by SBA program, by lender and by the specifics of the request. Some lenders ask for less, others ask for considerably more.

Having the financial statements and bank records ready first is usually what moves a review forward fastest.

Keep reading on Kennify

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SBA 7(a)
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