Bank Statement Loan Self-Employed Business Questionnaire
Every lender’s required criteria can differ slightly. Sometimes there’s a sweet spot to be had as it coincides with the other parts of the loan scenario; pricing, conditions, turn times, etc. Via our Loan Scenario Sub Form to connect with a qualified Loan Officer.
Business Information Required (broker lender submission) to Properly Analyze Bank Statements
Business Type: (product or service or both) If Other, please describe here:
Provide details of how income is generated:
Where do you conduct business: Office, Plant, Residence?
More than one physical site? (Check One) YES NO If Yes, how many?
* What percentage of your business do you own?
* If less than 100%, who owns the remaining portion and what percentage?
* How many people do you have employed
* Full Time:
* Part Time:
* Contractors:
* Full Time Payroll:
* Part Time Payroll:
* Contractor Payroll:
* Total Monthly Payroll Expense:
* Do you manufacture a product, such that you have a cost of goods sold for the product you ultimately sell? Yes No. If yes, please describe Estimate for monthly Cost of goods sold:
* Do you buy and then resell a product? (Check One) YES NO If YES, describe in detail:
* Please provide any additional business expenses not listed above: (Excluding Rent / Payroll / COG Sold)
* How has Covid-19 affected your business?
* Is there anything else you can tell us about your business that is important for us to know as we review your bank statements, including sources of deposits and withdrawals?