BCI Lending has already prepared comprehensive requirement checklists separated by loan type for you. These lists consist of information that we need to get from you to begin your loan process.

SBA 7(a) Loan Requirement Checklist

Instructions: The SBA Loan Preliminary Info Request is a PDF file. Please print the Loan Preliminary Information, fill in the required information, and attach personal resumes. The file requires the following information:

1. Signed current (within 60 days) personal financial statement for each business owner (if more than one owner, another personal financial statement can be found here.) Please complete all sections giving a description of major assets, liabilities and contingent liabilities.
2. Signed authorization for a credit and background inquiry on each owner (if more than one owner, another credit and background authorization form can be found here.)
3. Complete a breakdown of uses and sources of proceeds for the proposed loan.
4. Description of collateral to secure the proposed loan.
5. Please attach personal resumes of all owners and key managers of the borrowing equity.

Send your completed preliminary information to us via fax, mail, or walk-in.

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BCI Lending will contact you within 48 hours of receiving your information listed above to discuss our interest in your loan. After a proposal/term sheet is issued, you may begin to gather the remaining pieces of information, listed below, in order to move along into final qualification.

1. Short summary of business history and current operations
2. Signed copies of personal federal income tax returns for the past three (3) years on individuals who own 20% or greater in the borrowing equity.
3. Detailed breakdown of total project costs, to include: building construction or acquisition costs, leasehold improvements, equipment to be purchased, any debt to be refinanced, working capital, and loan closing costs.
4. Three (3) years of historical financial statements on borrowing entity, to include: income statements, balance sheets, and cash flow statements (with accountant notes), and current interim financial statements dated within 60 days of loan application.
5. Projected financial statements for: (a) operation projections for three (3) years, to include monthly spreads of income (statements should be accompanied with balance sheets) and cash flow for the first year, and annually for years two and three; (b) start-up balance sheet for the borrowing entity, showing the proposed distribution of assets, liabilities, and equity. (Note: Include in your projections the proposed loan and any other debt to be incurred.)

SBA Patriot Express Loan Requirement Checklist

Instructions: The SBA Loan Preliminary Info Request is a PDF file. Please print the Loan Preliminary Information, fill in the required information, and attach personal resumes. The file requires the following information:

1. Signed current (within 60 days) personal financial statement for each business owner (if more than one owner, another personal financial statement can be found here.) Please complete all sections giving a description of major assets, liabilities and contingent liabilities.
2. Signed authorization for a credit and background inquiry on each owner (if more than one owner, another credit and background authorization form can be found here.)
3. Complete a breakdown of uses and sources of proceeds for the proposed loan.
4. Description of collateral to secure the proposed loan.
5. Please attach personal resumes of all owners and key managers of the borrowing equity.

Send your completed preliminary information to us via fax, mail, or walk-in.

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BCI Lending will contact you within 48 hours of receiving your information listed above to discuss our interest in your loan. After a proposal/term sheet is issued, you may begin to gather the remaining pieces of information, listed below, in order to move along into final qualification.

1. Short summary of business history and current operations
2. Signed copies of personal federal income tax returns for the past three (3) years on individuals who own 20% or greater in the borrowing equity.
3. Detailed breakdown of total project costs, to include: building construction or acquisition costs, leasehold improvements, equipment to be purchased, any debt to be refinanced, working capital, and loan closing costs.
4. Three (3) years of historical financial statements on borrowing entity, to include: income statements, balance sheets, and cash flow statements (with accountant notes), and current interim financial statements dated within 60 days of loan application.
5. Projected financial statements for: (a) operation projections for three (3) years, to include monthly spreads of income (statements should be accompanied with balance sheets) and cash flow for the first year, and annually for years two and three; (b) start-up balance sheet for the borrowing entity, showing the proposed distribution of assets, liabilities, and equity. (Note: Include in your projections the proposed loan and any other debt to be incurred.)

USDA Business & Industry Loan Requirement Checklist

Instructions: The USDA B&I Loan Preliminary Info Request is a PDF file. Please print the Loan Preliminary Information, fill in the required information, and attach a brief description of collateral being offered to secure the loan, historical financial statements (as explained below), and personal resumes. The file requires the following information to be filled or attached:

1. Signed current (within 60 days) personal financial statement for each business owner (if more than one owner, another personal financial statement can be found here.) Please complete all sections giving a description of major assets, liabilities and contingent liabilities.
2. Signed authorization for a credit and background inquiry on each owner (if more than one owner, another credit and background authorization form can be found here.)
3. Breakdown of uses and sources of proceeds for the proposed USDA loan.
4. Description of collateral being offered to secure the loan.
5. Historical financial statements (independently audited, if available) on the borrower and any affiliated entities, to include: annual income statements, balance sheets, cash flow statements (with accountant notes), and the current interim financial statements dated within 60 days of loan application.
6. Resumes of all owners and key managers of the borrowing entity.

Send your completed preliminary information to us via fax, mail, or walk-in.

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BCI Lending will contact you within 48 hours of receiving your information listed above to discuss our interest in your loan. After a proposal/term sheet is issued, you may begin to gather the remaining pieces of information, listed below, in order to move along into final qualification.

1. Short summary of business history and current operations.
2. Signed copies of personal federal income tax returns for the past three (3) years on individuals who own 20% or greater in the borrowing entity.
3. A CPA prepared at-inception balance sheet for the borrowing entity showing the proposed distribution of assets, liabilities (to include the proposed USDA loan), and tangible balance sheet equity.
4. Projected balance sheets on the borrowing entity for the first three (3) years and income statement projections for three (3) years; operating projections should include monthly spreads of income and cash flow for first year, and annually thereafter.
5. Projected capital expenditures for the borrowing entity for the first year of operation.
6. Project feasibility study (required for all start-ups and certain existing businesses).
7. Current, full narrative real estate appraisal prepared by a qualified appraiser that will be engaged by BCI Lending.
8. Environmental Phase I Report for project site prepared by a qualified engineering firm that will be contacted by BCI Lending.
9. Detailed breakdown of all project costs, to include: building construction or acquisition costs, equipment to be purchased, debt to be refinanced, working capital, and loan closing costs.
10. Breakdown of job classifications with anticipated pay grade for each class and expected number of employees in each class.

USDA Intermediary Relending Program Requirement Checklist

Instructions: The USDA IRP Loan Preliminary Info Request is a PDF file. Please print the Loan Preliminary Information, fill in the required information, and attach personal resumes. The file requires the following information:

1. Signed current (within 60 days) personal financial statement for each business owner (if more than one owner, another personal financial statement can be found here.) Please complete all sections giving a description of major assets, liabilities and contingent liabilities.
2. Signed authorization for a credit and background inquiry on each owner (if more than one owner, another credit and background authorization form can be found here.)
3. Complete a breakdown of uses and sources of proceeds for the proposed loan.
4. Description of collateral to secure the proposed loan.
5. Please attach personal resumes of all owners and key managers of the borrowing equity.

Send your completed preliminary information to us via fax, mail, or walk-in.

---

BCI Lending will contact you within 48 hours of receiving your information listed above to discuss our interest in your loan. After a proposal/term sheet is issued, you may begin to gather the remaining pieces of information, listed below, in order to move along into final qualification.

1. Short summary of business history and current operations
2. Signed copies of personal federal income tax returns for the past three (3) years on individuals who own 20% or greater in the borrowing equity.
3. Detailed breakdown of total project costs, to include: building construction or acquisition costs, leasehold improvements, equipment to be purchased, any debt to be refinanced, working capital, and loan closing costs.
4. Three (3) years of historical financial statements on borrowing entity, to include: income statements, balance sheets, and cash flow statements (with accountant notes), and current interim financial statements dated within 60 days of loan application.
5. Projected financial statements for: (a) operation projections for three (3) years, to include monthly spreads of income (statements should be accompanied with balance sheets) and cash flow for the first year, and annually for years two and three; (b) start-up balance sheet for the borrowing entity, showing the proposed distribution of assets, liabilities, and equity. (Note: Include in your projections the proposed loan and any other debt to be incurred.)

Community Development Financial Institution Loan Requirement Checklist

Instructions: The CDFI Loan Preliminary Info Request is a PDF file. Please print the preliminary information request and fill in this required information:

1. Requested loan amount
2. Purpose for which loan proceeds will be used
3. Signed authorization for a credit and background inquiry for each owner (another credit and background authorization for multiple owners can be found here.)
4. Personal financial statement for each owner (another personal financial statement page for multiple owners can be found here.)

Send your completed preliminary information to us via fax, mail, or walk-in.