Step 2: Proposal/Term Sheet
In order to assess your loan application, BCI Lending needs certain information.
Please determine if your loan request will be for a new, startup business, or
for an existing business. Then provide us your:
Signed current personal financial statement for
all business owners
NOTE: Please review our tutorial before
completing the form
- Latest fiscal year end business financial statements (for an existing businesses)
- Latest interim business financial statement
- Personal resumé for each business owner
- Signed credit report authorization for each business owner
- Brief description of use of loan proceeds
and collateral to be offered
- Startup businesses must provide projections for three (3) years, plus a business
plan
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Our loan committee will move quickly to assess
your application and provide you with a loan proposal or term sheet. Typically,
you will receive a reply concerning BCI Lending’s interest in your loan request
within two business days. A positive response means that you can move on to the
next phase of the loan application process, Final
Qualification, where you will be asked to provide further information.


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