LoansFlow — Loan Document Checklist
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Purpose: Everything lenders typically ask for, in one printable
list. Updated October 5, 2026.
URL: https://loansflow.loan/guides/checklist.html

A. Identity & business formation
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[ ] Government-issued photo ID
      Driver's license, passport, or state ID for each owner.
[ ] Social Security numbers of owners with 20%+
      Every owner holding 20 percent or more of the business.
[ ] EIN confirmation letter (CP 575 or 147C)
      IRS letter verifying the employer identification number.
[ ] Articles of incorporation or organization
      Filed with your state.
[ ] Bylaws or operating agreement
      Corporate governance document.
[ ] Business licenses and permits
      State, county, and city-level licenses for your industry.
[ ] DBA registration
      Required if operating under a fictitious name.
[ ] Franchise agreement (if applicable)
      Include the full executed agreement.

B. SBA forms
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[ ] SBA Form 1919 — Borrower Information Form
      Primary application form.
[ ] SBA Form 912 — Statement of Personal History
      For every owner with 20 percent or more.
[ ] SBA Form 413 — Personal Financial Statement
      For every owner with 20 percent or more.
[ ] SBA Form 159 — Fee Disclosure and Compensation Agreement
      Required only if a broker or consultant is paid.

C. Tax and financial statements
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[ ] Three years of business federal tax returns
      All schedules, including 1120, K-1, or Schedule C.
[ ] Three years of personal federal tax returns (owners 20%+)
      All schedules for each qualifying owner.
[ ] Year-to-date profit and loss (within 90 days)
      Interim P&L statement.
[ ] Current balance sheet
      As of the most recent month-end.
[ ] Twelve months of business bank statements
      All business deposit accounts.
[ ] Debt schedule
      List every existing loan, line, and lease with balances,
      rates, maturities.
[ ] Accounts receivable aging report
      Shows outstanding invoices by age bucket.
[ ] Accounts payable aging report
      Shows outstanding payables by age bucket.

D. Business profile
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[ ] Business overview and history
      One to three pages: what you do, major customers, and
      operational status.
[ ] Resumes of principals
      One page each, emphasizing management and industry
      background.
[ ] Business plan
      Required for startups and SBA 504 loans.
[ ] Cash-flow projection
      Required for startups or if cash flow is inconsistent.

E. Collateral and project
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[ ] Purchase agreement
      Contract for asset or property being acquired.
[ ] Equipment quotes or invoices
      From vendors; include model numbers and useful life.
[ ] Real estate appraisal
      Lender orders this; you provide access.
[ ] Phase I environmental report
      Required for SBA 504 real estate projects.
[ ] Existing mortgage or loan statements
      For any debt being refinanced.
[ ] Property photos or rent roll
      For income-producing real estate.

F. Mortgage extras
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[ ] Thirty days of recent pay stubs
      From every wage-earning borrower.
[ ] Two years of W-2 forms
      From every wage-earning borrower.
[ ] Two months of personal bank statements
      All personal deposit accounts.
[ ] Gift letter
      Required if the down payment comes from a donor; must
      state no repayment is expected.
[ ] Divorce or child-support documents
      Include decree and payment history if relevant to DTI.

G. Before you submit
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[ ] Run the payment and DSCR numbers
      Use the SBA and commercial calculators at /tools/.
[ ] Verify broker licensing
      Check NMLS at nmlsconsumeraccess.org.
[ ] Confirm no upfront fees
      Reputable lenders do not collect fees before commitment.
[ ] Read the fee disclosure (Form 159)
      Understand what you are paying and to whom.
[ ] Keep a copy of everything
      Save PDFs of every page you submit.

—
This checklist covers what lenders typically request.
Your lender's list controls — always ask for their exact
requirements.
https://loansflow.loan/guides/checklist.html