• 504 Loan Application Checklist

    Community Business Finance is proud to be an expert in the 504 Loan Program. Our knowledge and years of experience provide the foundation for a faster, easier business financing process. Through 504 loans, we have helped over 200 businesses in Texas and Louisiana borrow over $150 million to expand their operations and create new jobs.

    Some business owners still mistakenly believe that applying for an SBA loan takes too long or requires too much paperwork. Truthfully, an SBA loan requires almost the same forms and documentation as a commercial loan, and the loan experts at Community Business Finance make the process easy to understand and will help you organize the right information.

    For any loan application, you should be prepared to answer the following questions. It is a good idea to have this information ready when you being the application process:

    • Why are you applying for this loan?
    • How will the loan proceeds be used?
    • What assets need to be purchased, and who are your suppliers?
    • What other business debt do you have, and who are your creditors?
    • Who are the members of your management team?
    • What is your personal background, including previous addresses and education?

    In addition to the loan application, you will need to provide the following:

    Business Plan
    • Business and Personal Financial Statements
    • Income Tax Returns
    • Credit Rating Report
    • Cash Flow Projections
    • Collateral
    • Legal Documents

    For more details about each of these documents, visit our 504 School.

    The loan experts at Community Business Finance will keep the application process from becoming a time-consuming headache. Our loan underwriter will assemble the company, financial and personal information required for your application and the SBA loan package.

    You can get started by filling out a short form on our website and a loan expert will contact you to discuss your needs.

    You can also contact our offices directly:

    In Texas call Bill Ebersole at 713-457-1650, ext. 201, or email him at bill@communitybusinessfinance.com.

    In Louisiana, call Jeanne Bergeron at 1-800-462-1017, or email her at jeanne@communitybusinessfinance.com

     

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