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DOCUMENTS REQUIRED FOR OBTAINING A LOAN
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Our simple procedures help you secure a business loan to do what you need to do—cover start-up costs, purchase equipment, expand production, acquire another business, establish working capital or improve property.
Documents Required
 

As a businessperson, you know that time is money.
The more information we have about your business
and your financial needs, the better we can serve
you. When we meet, we’ll work together to
focus on:

• Your business plan, business history, and future plans
• The purpose of the credit, how much is needed, and the term desired
• Your business experience, credit history, collateral, and ability to repay the loan
• Any other factors that may be pertinent
Items and documentation that Monroe Bank needs to consider the loan request include:
• A brief history of your business
• A summary of the company’s management structure
• A year-to-date business profit and loss statement
• Current balance sheet for the business
• A personal financial statement dated within 90 days of the request (download a personal financial statement form — Adobe Reader required)
• Complete tax returns (personal and corporate) for the past two years
• A completed Monroe Bank commercial loan application (pdf)
Monroe Bank does more than help you with securing your loan. Our commercial lenders listen to you, and work with you to identify better financial solutions for your business.

 

   
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