Loan Process

To help us provide the best service, we need the following basic information for all requests:

Business loan application

Business financial statements and/or tax returns for past three years and current interim statements, if available.

Personal financial statements are necessary for all principals as well as personal federal tax returns for two years.

Description of collateral to be provided, including purchase agreements or invoices if acquiring new assets.  Copies of leases and rent roll if investor real estate.

Business plan if the borrowing entity is less than two years old, or if acquiring an existing company.  See www.sba.gov for plan templates.

Plans and specifications, project budget and a construction contract (if there is one), for all construction loan applications.

While certain borrowing requests will require additional information, the above information will generally allow us to review requests and render a conditional decision in a highly responsive manner.

Just contact MBC or your credit union to arrange an opportunity to discuss your lending need.