The Sageford Loans online form collects full name, phone, email and company name, with range picks for time in business, annual revenue and the amount requested, and ends with a required consent box. This page lists the documents a reviewing partner may ask for later, including for larger and franchise requests.
What Documents Do You Need for a Loan? None With the Form, Some Later
The form itself needs no attachments. After a funding partner takes up the request, it names the records it wants, and the request moves once those arrive. Two are near-universal:
- Recent business bank statements.
- The latest business tax return, or a profit and loss statement for a business without one yet.
Small Business Loan Required Documents a Partner Can Ask For
- Business and personal tax returns.
- A current-year income statement plus a balance sheet, if the books produce them.
- Every loan, lease or advance already being paid, and what each one costs a month.
- For working capital, a list of open receivables and when they are due.
- For equipment, the vendor quote or the seller's listing.
- For an LLC or corporation, formation documents and the EIN.
The FAQ explains why the list changes from one partner to the next.
Commercial Loan Required Documents for Larger Richmond, IN Requests
Larger requests, such as a business purchase or an expansion, add documents: the purchase agreement or contractor bids, several years of the business's returns, a projection of revenue and costs after the project, and details of any real estate or major equipment being pledged. A partner may also ask how much cash the owner is putting in.
How to Apply for a Business Loan for a Franchise in Richmond, IN
A franchise request adds the franchise agreement and the franchisor's disclosure document, the total opening or transfer cost, and the fees owed to the franchisor. Buying an existing franchise location also brings that location's returns into the review. A term loan can carry the purchase, and equipment financing can carry a kitchen or a fit-out.
- Gather the franchise agreement and the cost breakdown.
- Pull the location's recent returns if it already operates.
- Phone (765) 224-6354, or pick the closest amount range on the form and send it.
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