Loan Application

Business Loans

Loan Application Packet for Businesses should include the following:

  • Client Intake Form (click here to fill it out online)
  • MCE Business Loan Application
  • Personal Information Supplement
  • Detailed Business Plan
  • Cash Flow Projections for 2 years (24 consecutive months)
  • Personal tax returns (2 years)
  • 3 Months Personal Bank Statements
  • Business Tax Returns (2 years*)
  • 3 Months Personal Bank Statements*
  • Profit and Loss Statements (2 years*)
  • Most Recent Quarterly Balance Sheet*
  • Explanation of Credit – discuss bankruptcies, late payments, judgments
  • Certificate of Good Standing
  • Proof client was turned down from traditional lender
  • Non-refundable application fee – phone payment via credit card or money order via mail
  • Driver’s License
  • Canceled Business Check
  • Other supporting documents requested by Business Counselor

Loan Application Packet for Credit Builder/Emergency Loans should include:

The application will be reviewed and a credit report ordered, if required; all loans will be reviewed in house for approval or denial. When the application is received, it is reviewed and, if needed, the applicant will receive credit counseling.