Pre-Qualification Needs List
If you have a draft of a profile, include it. Any pictures, advertising, pamphlets or description of the business and property will help.
The object is to provide lenders initially with a one page description that summarizes the project. Based on the response, more information may be provided. If total confidentiality is a concern, the name and exact location will be omitted. Numbers provided will be extracted from the taxes and adjusted per business broker’s advice concerning add backs and other considerations.
The goal is to get information concerning what types of financing at what probable rates are available based on the business. Lenders may offer advice concerning what they feel would make a good buyer. We’ll pass that on, too.
Here are some useful forms which can be downloaded and printed: