Southwest Business Finance Resources

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About Southwest Business Finance Resources

Finding the right fit for a business loan can be difficult. It’s important that you work with a company that offers diversified financial services as well as an elevated sense of professionalism. Here at Southwest Business Finance Resources, we provide all of that and more, catering personally to every single client and exceeding their expectations at every turn.

We are able to guarantee this through extensive knowledge and vigilant attention to each and every customer. There’s nothing more frustrating than a company who makes promises that they never fulfill. We have a wide assortment of lending programs, many that can be fine-tuned specifically to meet your needs. Because it’s not just about getting the loan closed, it’s about finding the right one for your business.

We are consistently surpassing our competitors in every aspect, providing high-level financing services to commercial businesses. In addition, we offer SBA loans, unsecured lines of credit, equipment leasing, and purchase order financing. And our team is highly-trained, ensuring that every single loan is quickly and successfully executed and funded.

Other Types of Loans We Offer:

Acquisition, Development & Construction Loans
Apartment Purchase or Refinance
Commercial Property
Commercial Construction
SBA Loans
Unsecured Business Lines of Credit
Business Consumer Financing
Working Capital
Equipment Purchase
Equipment Leasing
Accounts Receivable Line of Credit
Accounts Receivable Factoring
Purchase Order Financing

Documents needed for unsecured line of credit up to $500,000

3 years of financials
Interim financials no more than 90 days old
Copy of accounts receivable aging report
Copy of account payable aging report
Sales brochures on what service your company provides or goods to sell
Copy of building lease

Standard Necessary Documents for Business and Asset-based Loans

(The following is a basic package of information required by the majority of business and asset-based funders)

1. Application

A complete credit application which indicates 100% of company ownership, confirmation of bank, debt and trade reference phone numbers, and signature of company officer and or owner.

2. Financial Statements

Copy of fiscal, year-end, CPA-prepared financial statement for each of the last 3 years. Must include cover letter, income statement, balance sheet, cash flow statement (if included by CPA) and all notes.

3. Interim Statements

Most recently prepared (internal) month-end/year-to-date interim income statement and balance sheet for the corresponding month of the previous year.

For example: July 31, 1998 and July 31, 1997. (Referred to as Comparative Interims)

4. Business Tax Returns

If a partnership or corporation with compiled statements, or if financials are not prepared by a CPA, include 3 most recent year’s federal income tax returns. Include all pages of each return. (If it has reviewed or audited financial statements, do not include tax returns unless they are requested by an interested funder)

5. Business Assets

Accounts Receivable aging report.
Copies of current invoices.

List all business assets such as: equipment, real estate (if company owns it), patents, copy rights, license agreements, etc. Also include copies of any appraisals on real estate and/or equipment that borrower has in possession. (As stated in: Fixed Assets and Long-term Assets)

6. Documenting Marketing Status

List all customers.
Copies of any and all contracts with customers.

7. Business Liabilities

Accounts Payable aging report.
Copy of any contracts with suppliers.

Provide a detailed list of all debts owed, both short-term and long-term. Include the date the debt was incurred, original loan amount, payment schedule, terms and conditions, interest rate, and maturity date.

8. Ownership Details

Articles of Incorporation (with corporate resolution to borrow, if applicable), d.b.a. statement, or Partnership Agreement.

9. Company Information

Any advertisement material that exemplifies the type of service the company is offering. For example: company sales brochures.

10. Personal Financial Statement

The most recent personal financial statement for each guarantor, signed and dated within the last 90 days. (The value of a guarantor’s share of privately-held corporation is shows as “unlisted stock,” and is equal to his/her proportionate share of the corporation’s Stockholder’s Equity of network).

11. Use of Funds

Prepare a Use-of-Funds schedule, showing how the loan proceeds will be used to generate new profits and pay off existing debt.