South Carolina Community Loan Fund Investing in Communities. Creating Opportunities.
South Carolina Community Loan Fund

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Prepare for your loan application with confidence.

Use this checklist to gather the documents and details that your loan officer will typically need before moving a small business application forward.

Application Checklist

Business Financial Information

2 Years of Financial Statements (if applicable):

A Profit & Loss statement summarizes your business's revenues, expenses, and net profit or loss over a specific period. Lenders use it to assess your business's financial performance and ability to repay a loan.
A balance sheet is a snapshot of your business's financial position — listing assets, liabilities, and owner's equity at a specific date. Lenders use it to evaluate what your business owns versus owes and its overall financial stability.
List all existing business debts, if applicable:
Lenders/credit cards, outstanding balances, monthly payment amount, and interest rate. Download template form
Lists all Sources of funds for your business/project, and the planned Uses of those funds.
(Examples of sources: SCCLF loan, Other loans, Employment Income, Savings/Investments, other/etc.)
(Examples of Uses: Equipment, Inventory, Refinance, Acquisition/Purchase, other/etc.) Download template form
Business formation documents:
Articles of Organization, Operating Agreement, and Certificate of Existence.

Personal Financial Information (Loan Guarantor)

A current personal financial statement for each owner with 20% or more ownership.
(Or for additional personal guarantors, if applicable). Download template form

Usage of the above checklist and / or the loan calculator does not constitute nor imply an approval for a small business loan. A completed loan application is required. Additional documentation may be requested based on your loan application and / or underwriting requirements.

The above checklist items are the minimum documents to prep for the Small Business Term Loan, and does not specifically apply to Real Estate Construction / Permanent loans, Revolving Lines of Credit, Housing Our Future Trust Fund, LEAP Program, New Markets Tax Credit or other bridge loans / participation loans. Please speak with a loan officer for assistance with these products or programs.

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Or reach us: 843-973-7285 · info@sccommunityloanfund.org