Bayrock Business Funding, a small-business funding service in Racine, Wisconsin, publishes a guide to Racine zoning and building permits, a guide to the Wisconsin food license as it touches a funding request, and a commercial line of credit calculator. This page adds a loan documentation checklist and notes on business plans for loan requests.
Commercial loan documentation checklist for Racine County, WI owners
- Business bank statements for the period a partner names.
- Business and personal tax returns for recent years.
- This year's profit and loss figures and the balance sheet behind them.
- A debt schedule with every loan, lease and advance and its payment.
- Formation papers and any trade name registration.
- The purpose papers: quote, contract, lease or purchase agreement.
Not every request needs every item; a partner names what it wants after the first conversation.
Writing a business plan for a loan application in Racine, WI
A business plan for a loan application answers what a partner cannot see in the statements: what the money will do and how it gets paid back. Keep it short and specific: the business, the cost, the expected result in dollars and months, and the payment the business can carry.
Business plan for loan company for Racine County, WI businesses
For a company asking for a loan, the plan should show the numbers behind the request. A twelve-month projection of revenue and costs, with the new payment included, does more than pages of description. Mark which figures are history and which are estimates.
Business plan for loan request and Racine, WI businesses
For a loan request, the plan's last page should restate the ask: the amount, the purpose, the term you want and how the payment is covered. Partners decide on their own terms, but a clear ask gives their review a starting point. How a request works shows where the plan fits.
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