Guidelines in Preparation of Proposal for SBA Financial Assistance
- Prepare financial statements (balance sheet and profit and loss statements) dated within sixty (60) days;
- Prepare financial statements (balance sheet and profit and loss statements) for the three (3) preceding years;
- If corporation, prepare financial statements of all stockholders owning 20% or more of the capital stock. If proprietorship or partnership, prepare financial statement of proprietor or partners;
- Prepare resume of management and brief history of business;
- Prepare loan proposal, outlining the use of proceeds of the loan and maturity needed and outline collateral to be offered;
- Prepare one year profit and loss projection;
- Bring the above information to your banker or bank of your choice for review and recommendation;
- If your bank feels loan proposal is feasible, they may request SBA's guaranty;
- If you have any question that your bank is unable to answer, please contact the SBA at (603) 225-1400.
Information obtained from NH Small Business Fact Sheet
