Wildcrest Loans' request form collects your full name, phone, email, a company name if there is one, and three required picks: time in business, annual revenue range and requested amount range. The last item is a consent checkbox that must be checked to send the form; read its text first. Funding partners review each request.
Business loan required documents for a Morganton, NC request
The form takes no attachments, and none are expected at this stage. Once a partner reviews the request, it names the records it wants. For an established business those can include:
- Business checking statements covering the last three to six months.
- The most recent business tax return, plus the prior year's when the amount is large.
- This year's profit and loss statement with a balance sheet as of the same date.
- A government-issued photo ID for each owner.
- For equipment or a purchase: the quote, invoice or purchase agreement.
Extra records by trade for Burke County, NC requests
Partners reading certain trades ask for one more record that shows how money moves through that business.
- Builders and contractors: signed contracts and the construction lender's draw schedule.
- Physician, dental and therapy offices: an accounts receivable aging report by payer.
- Restaurants and stores: card processing statements for the same months as the bank statements.
- Landscapers and trades with vehicles: titles or payoff letters for existing trucks and trailers.
What the request form asks a Morganton, NC owner
Full name, phone and email come first, then the company name if there is one. Three picks follow: how long the business has operated, its annual revenue as a range, and the amount requested as a range. Ranges are enough at this stage; exact figures come from the records later.
The final item is a consent checkbox. The form will not send until it is checked, so read the consent wording before checking it.
Do you need a business plan to apply for a business loan in Morganton, NC?
For an established business asking for working capital, a line or equipment, the records above can stand in for a plan. For an acquisition, a new location or a large build-out, a partner may ask for a short plan: what the money buys, how it produces revenue and a twelve-month cash forecast showing the payment.
Keep it short. Two pages with real numbers serve a partner better than twenty pages of general description.
By Wildcrest Loans · Updated