First Steps to Getting a Business Loan

THE FIRST STEP to getting a loan is to discuss your project and your readiness with the Small Business Lending Center loan manager at 707-822-4616.

To apply for a loan, you will be asked to provide the following information:

1. Business Plan

If you are a new business you will need a business plan and financial projections for two years. If you are an established business you will need either a business plan or a history of adequate cash flow and repayment ability. If you need to create a business plan, the Northcoast Small Business Development Center has classes to help you prepare your information.

2. Application Package

You can download and print these forms. Bring the completed forms with you to your interview with the Loan Manager. Download the Application Package here.

3. Tax Returns

You will also be asked to provide business tax returns for the previous three years. If you are a new business, please provide personal tax returns for the previous three years for each owner, partner, or officer of the business.

AEDC Award

AEDC earned the award for the Greatest Percentage of 504 Loan Approvals for CDCs with a loan portfolio between $10-25 million dollars in 2008.