Wessex 504 Application Checklist

Loan Application Checklist (Download PDF)

1.____Last two years' corporate federal tax returns for applicant business
2.____ Interim business financial statements from within the last 90 days
3.____ Most recent aging of accounts receivables and payables (tied to interim statements)
4.____ Schedule of existing company debt (Click HERE to download the form)
5.____ Two years' projection of income and expenses (Click HERE to download the form)
6.____ Joint Personal Financial Statement from within the last 90 days for each 20% or more owner (Click HERE to download the form)
7.____ Last year's personal federal tax returns of each 20% or more owner
8.____ Personal Data Sheet of each owner (Click HERE to download the form)
9.____ Detailed breakdown of project costs (include copies of all purchase agreements, construction estimates, and any related project costs)
10.____ Last two years' corporate federal tax returns for affiliate organizations (if applicable). An affiliate is defined as any corporation or LLC in which an owner of the applicant business owns 20% or more.
 
11.____ Participation letter (obtained from the lender by Wessex 504)
12.____ Photocopy of driver's license for all 20% or more owners
13.____ Application fee of $2,000 to Wessex 504 Corporation

Click HERE to download the checklist as a PDF document.

Wessex 504 Corporation
790 West Frontage Road, Suite 337
Northfield, Illinois 60093
Phone: (312) 527-4927
info@wessex504.com