Thanks for choosing Monarch Community Bank as your Commercial Lender; in order to expedite the loan approval process may we suggest that you include the following information in your Business Plan for new loan applications:

Business Specifics Section

• Include: your full business name, business registration, business history, business description, company's legal structure, Business License and Federal ID Number
• Copies of Articles Incorporation or Partnership Agreement

Financial Section

• Amount of request
• Purpose of request specifics like invoices and purchase agreements should be included
• Business financial statements (accountant prepared are recommended) for the past 3 years or next 3 years of projections if a new business
• Statements/projections to include a balance sheet and income and expense statement and statement of cash flow
• Personal financial statements for each principal owning more than 30% of the business ( it is recommended to print out our form attached below and fill it in)
• Individual personal tax returns of the principals

Marketing Section

• Market research
• Marketing plan
• List of competitors
• What differentiates your product or service from your competitors

Conclusion

• Summary of management team
• Long term business goals
• Other relevant Information