Required SBA 7(a) Loan Documents
Getting an SBA 7(a) loan requires extensive documentation. Below is the complete checklist organized by category. BankReadyDocs can help you create several of these documents in a professional, bank-ready format.
Documents You Can Create with BankReadyDocs
Complete SBA 7(a) Document Checklist
Borrower Information
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SBA Form 1919 - Borrower Information Form
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Resume/CV - For each principal
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Government-issued ID - Driver's license or passport
Business Financial Documents
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Business Tax Returns - Last 3 years
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Accounts Receivable Aging - Current aging report
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Accounts Payable Aging - Current aging report
Personal Financial Documents (Each Owner 20%+)
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Personal Tax Returns - Last 3 years
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Bank Statements - Last 3-6 months
Business Acquisition Documents
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Letter of Intent (LOI) - Purchase agreement terms
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Business Valuation - Third-party appraisal recommended
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Seller's Tax Returns - Target business last 3 years
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Asset Purchase Agreement - Or Stock Purchase Agreement
Legal & Entity Documents
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Articles of Incorporation/Organization
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Operating Agreement/Bylaws
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Business Licenses & Permits
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Lease Agreement - If applicable
Why Document Quality Matters
#1 Reason for SBA Loan Delays: Incomplete Documents
Lenders report that incomplete or poorly formatted documents are the primary cause of loan application delays. A complete, professional document package can cut approval time by weeks.
- Numbers must match across all documents
- Professional formatting shows you're serious
- PFS totals must match your Debt Schedule →
What Can You Use SBA 7(a) Loans For?
Business Acquisition
Buy an existing business with seller financing
Commercial Real Estate
Purchase or refinance owner-occupied property
Equipment Purchase
Finance machinery, vehicles, technology
Working Capital
Fund operations, inventory, payroll