Checklist When Acquiring Real Estate

Information from Seller

  • 3 Years Corporate Tax Returns – Complete with all schedules must include years return
  • Year to Date Profit and Loss Statement with Balance Sheet
  • Rent Roll
  • Comparative Year to Date Statement(Example: Jan 2005 to May 2005 compared to Jan 2006 to May 2006)
  • Six (6) months bank statements

Information from Buyer (Applicant)

  • 3 Years Personal Tax Returns – Complete with all schedules. Must include last year’s return
  • Personal Financial Statement
  • Proof of Liquidity
  • Six (6) months bank statements (Personal & Corporate accounts)
  • Proforma – Business Plan to include three (3) years projections
  • References
  • Use of Proceeds
  • Assignment of Life Insurance ($ million policy) – must be assigned prior to closing

Please note that SBA Lenders can add overlays and implement some of their own guidelines in conjunction with SBA Guidelines.

Learn about Small Business Lending


SBA Checklist - Commercial Real Estate - First Financial Leasing and Finance
SBA Checklist - Information from the seller - First Financial Leasing and Finance
SBA Checklist - Information from the buyer - First Financial Leasing and Finance
SBA Checklist - Commercial Buildings- First Financial Leasing and Finance

Your Name (required)

Your Email (required)

Phone (required)

Loan timing (required)

Specific Questions