Loan Checklist

A Bank of the Sierra Loan Officer works with you to select the best program and helps you through the loan process. The following will assist us in preparing for your loan:

Application
Complete, state amount needed & purpose of funds

Personal Financial Statements (PFS)
You and anyone owning 20% or more is to complete a PFS

Profile
Type of business, length of time in operation, annual sales, number of employees, and locations

Collateral
Description, age and percentage of ownership

Cash-Flow Projections
Expected growth projections in annual sales and cash

Balance Sheet¹ (B/S)
3 years (end of fiscal period) Balance Sheet, current YTD Interim Statements

Income Statements¹ (I/S)
3 years (end of fiscal period) Income Statements, current YTD Interim Statements

Tax Returns
3 years

Aging Accounts Receivables & Payables
30-60-90-day categories corresponding to End-of-Year or Interim Statements

¹ Audited if possible