FAQ - Commercial Financing
Think of the questions your customers ask most frequently and write them here along with the answers.
A: Typically, one should prepare 3 years of complete federal tax returns (business and personal), 3 years plus year to date balance sheets & income statements, A/R & A/P aging reports, a current PFS (Personal Financial Statement), a schedule of debts, and any supporting documentation, such as existing appraisals or environmental reports. More items, or less, may be required which can vary from funding source to loan category.
A: Not yet. The funding source, as needed, will require an appraisal from an approved professional. They will decide who perfoms the appraisal, or if it merely needs to be recertified.
A: In many cases, international transactions can be done, even in select currencies.