Term Sheets | Ep. #2

In this episode, I do a deep dive into the SBA pre-approval process, specifically covering the topic of term sheets.  - Immediate term sheets vs. credit-approved term sheets SBA Pre-Approval Checklist: Personal (anyone who owns 20%+) Personal Financial Statement 3 years Personal Tax Returns  Personal Credit Score Resume Business 3 years Business Tax Returns  Interim Financials (P&L Statement and Balance Sheet - no more than 90 days old) Business Debt Schedule (if applicable) Transaction Project Cost Breakdown LOI / Purchase Agreement (if applicable)    The content of this podcast is my own and does not necessarily reflect the views of my employer.