About Lesson
Loan Package Format
1. Table of Contents
The Table of Contents is the first page of your loan package. You will need to list the major sections or headings of your loan package and the page numbers of each section.
2. Loan Summary
Preceding the Table of Contents is a Loan Summary. Normally this is 2-4 pages in length and summarizes the important parts of your loan request.
I. Company Information
II. Project Description
III. Management Summary
IV. Amount Needed
V. Use of Funds
VI. Summary of Assets and Collateral
VII. Summary of Current / Projected Financials
The Loan Summary is to a Loan Package what an Executive Summary is to a Business Plan. A summary of the key aspects and facts of the overall loan package.
3. Business Plan
A written description of your business and it’s future. A document that describes what you plan to do and how you plan to do it.
4. Personal Credit Reports
Included a copy of your credit reports and scores from all three credit bureaus. You can request your free credit report from ____.
5. Business Credit Reports
Include a copy of your credit reports from all three of the major business credit bureaus.