Key takeaways
- Consistency across documents matters
- A complete debt schedule prevents surprises
- A precise use-of-funds summary improves fit
Identity and business records
Prepare owner identification, entity documents, EIN confirmation, ownership percentages, business address, licenses, and any assumed-name records.
Document the assumptions behind this part of the decision and compare them against the actual financing agreement. Terms, eligibility, and legal treatment vary by provider and product.
Financial documents
Collect recent bank statements, tax returns, interim financials, accounts receivable and payable reports, and projections where appropriate.
Document the assumptions behind this part of the decision and compare them against the actual financing agreement. Terms, eligibility, and legal treatment vary by provider and product.
Debt and obligations
Build a schedule with creditor, original amount, current balance, payment frequency, payoff amount, lien status, and maturity date.
Document the assumptions behind this part of the decision and compare them against the actual financing agreement. Terms, eligibility, and legal treatment vary by provider and product.
Transaction support
For equipment, acquisitions, or buildouts, prepare quotes, invoices, purchase agreements, contractor estimates, timelines, and a clear source-and-use budget.
Document the assumptions behind this part of the decision and compare them against the actual financing agreement. Terms, eligibility, and legal treatment vary by provider and product.
Important
This guide is educational and does not provide financial, legal, tax, or accounting advice. SourcePoint is a marketplace, not a direct lender. Review provider-specific terms and seek qualified advice where appropriate.
Frequently asked questions
How many bank statements are usually needed?
Requirements vary by product and lender. Many reviews request several recent months, while larger or longer-term transactions may require more history.
Should projections be optimistic?
Projections should be supportable. Include assumptions, timing, gross margin, operating costs, and a conservative case rather than relying only on a best-case scenario.