Community Advantage Loans

Checklist of Required Documents

Please include all of the following documentation and contact us if you require further information when when applying for a Community Advantage Loan.
  • SBA application and addendum

  • Federal Forms

    Last three years of federal for applicant business (IRS 1120, 1120S, 1065, etc.) – signed and dated

  • Request for Tax transcript (IRS Form # 4506 T) – signed and dated

  • Business Tax Returns

    Last two years federal tax returns for all affiliate business (if applicable) – signed and dated

  • Financial Statement

    Recent interim financial statement, applicant business (within 90 days) – signed and dated

  • Profit and Loss Statement

    One year projection of Profit and Loss statement with a written explanation as to how you expect to achieve this projection

  • Completed if company is not located in LMI area.

  • Accounts Receivables and Account Payable

    Recent Ageing of Accounts Receivables and Account Payable (if applicable – within 90 days)

  • Personal Tax Returns

    Last three years, personal federal tax returns (IRS 1040) for each principle – signed and dated

  • Personal Financial Statement

    Personal Financial Statement for each principle

  • Resume

    Resume or CV for each principle

  • Driver’s Licenses

    Copies of Driver’s Licenses, all 20% owners

  • Use of Proceeds

    Itemized list of planned uses and supporting documentation (i.e. invoices, receipts, purchase orders etc.)

  • Supporting Documents

    Explanation and/or supporting documents for positive responses to personal information questions on Application section.

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Chicago Main Office
601 South LaSalle, Suite 510, Chicago, IL 60605 map
P: (312) 360 3300   F: (312) 757 4370   Email

Springfield Office
3201 W White Oaks Dr, Springfield, IL 62704
P: (217) 793 1075   Email

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