Online Business Plan

The Mercantile Business Banking Team respects that your growing business requires tools and conveniences to meet your financial needs. To ensure quick review of your commercial loan request, we recommend organizing the following financial data and supporting documents to help build your credit file:

• Name, address, telephone number of the business and any names of principals, those with 20% or greater ownership interest in the business.

• Current personal financial statements and personal tax returns on all principals.

• Business financial statements and complete tax returns for the last three years, if applicable.

• Projection worksheet including monthly income and expense projections for the upcoming year.

• A brief written description of the business including what the loan is for, how long the loan is needed and how it will be repaid.

• Most recent accounts receivable and accounts payable aging reports, if applicable.

• Business plan. We recommend using the business plan format developed by the *Small Business Administration