BCI Lending gladly accepts referrals from third-party sources. Referral sources should familiarize themselves with the application requirements for the particular small business loan of interest.

SBA 7(a) Loan Requirement Checklist

Short summary of business history and current operations.
Signed current (within 60 days) personal financial statement form for each business owner. Please complete all sections of the form, giving a description of major assets, liabilities, and contingent liabilities.
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.
Signed authorization for a credit and background inquiry on each owner.
Prepare a breakdown of use of proceeds for the proposed SBA loan.
Detailed breakdown of total project costs, to include: building construction or acquisition, leasehold improvements, equipment to be purchased, any debt to be refinanced, working capital, and loan closing costs.
Personal resumes of all owners and key managers of the borrowing equity.
Complete description of collateral to secure the proposed loan.
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.
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

Short summary of business history and current operations.
Signed current (within 60 days) personal financial statement form for each business owner. Please complete all sections of the form, giving a description of major assets, liabilities, and contingent liabilities.
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.
Signed authorization for a credit and background inquiry on each owner.
Prepare a breakdown of use of proceeds for the proposed SBA loan.
Detailed breakdown of total project costs, to include: building construction or acquisition, leasehold improvements, equipment to be purchased, any debt to be refinanced, working capital, and loan closing costs.
Personal resumes of all owners and key managers of the borrowing equity.
Complete description of collateral to secure the proposed loan.
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.
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

Short summary of business history and current operations.
Signed current (within 60 days) personal financial statement for each business owner. Please include a schedule and description of all assets, liabilities, and contingent liabilities.
Signed copies of personal federal income tax returns for the past three (3) years on individuals who own 20% or more in the borrowing entity.
Signed authorization for a credit and background inquiry on each owner.
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.
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.
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.
Breakdown of use of proceeds for the proposed USDA loan.
Projected capital expenditures for the borrowing entity for the first year of operation.
Project feasibility study (required for all start-ups and certain existing businesses).
Current, full narrative real estate appraisal prepared by a qualified appraiser that will be contacted by BCI Lending.
Environmental Phase I Report for project site prepared by a qualified engineering firm that will be contacted by BCI Lending.
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.
Resumes of all owners and key managers of the borrowing entity.
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

Short summary of business history and current operations.
Signed current (within 60 days) personal financial statement form for each business owner. Please complete all sections of the form, giving a description of major assets, liabilities, and contingent liabilities.
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.
Signed authorization for a credit and background inquiry on each owner.
Prepare a breakdown of use of proceeds for the proposed SBA loan.
Detailed breakdown of total project costs, to include: building construction or acquisition, leasehold improvements, equipment to be purchased, any debt to be refinanced, working capital, and loan closing costs.
Personal resumes of all owners and key managers of the borrowing equity.
Complete description of collateral to secure the proposed loan.
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.
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

Requested loan amount
Purpose for which loan proceeds will be used
Signed authorization for a credit and background inquiry for each owner
Personal financial statement for each owner.

BCI Lending Referral Information

SBA 7(a) Loan Requirement Checklist

SBA Patriot Express Loan Requirement Checklist

USDA Business & Industry Loan Requirement Checklist

USDA Intermediary Relending Program Requirement Checklist

Community Development Financial Institution Loan Requirement Checklist