operaphantom2003: What financial statements will a loan officer want to see when applying for a business loan for expansion?
Which financial statements are important to a loan officer when someone applies for a business loan so they can expand their business?
Answers and Views:
Answer by Wayne Z
The big three.
Income Statement
Balance Sheet
Statement of Cash Flows
Below are some documents to attach for your application:
1-Your current credit rating report
2-Personal financial statements
3-Business financial statements
4-Past business tax returns
Lenders will want to see a complete schedule of current debts, payment schedules, and collateral used to secure a loans.
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