Application Process
Using the required documents and initial information (see the lists below), your SBA loan officer at Highland Bank will determine the best program and structure for your loan request. Your business experience, cash flow, collateral, credit and other financial strengths will all be considered.
Following a positive initial analysis, your loan officer will guide you through the process of getting your loan approved and funded. The process begins with our 48-hour response to your complete application. Total duration varies with each loan program.
Required Documents
Preparation is key to a quick loan approval. You can get ready by collecting the following documents and information:
Start-up Business
- Business plan
- Past 3 years of personal tax returns for all owners
- Personal financial statement for all owners
- Resumes for all principals, guarantors and key managers
- Source and amount of down payment
- Available collateral
- Ownership documents
Existing Business
- Past 3 years of business tax returns
- Interim financial statement
- Past 3 years of personal tax returns for all owners
- Personal financial statement for all owners
- Business debt schedule
Ownership documents
