Brookmark Financial in Sterling, Colorado keeps these guides for owners getting a funding request ready: the records, permits and figures a partner may ask about.
How to prepare for a small business loan as a Sterling, CO insurance agency
Preparing for a small business loan starts with three things: a clear purpose with a dollar figure, recent business bank statements, and the last two years of tax returns. An insurance agency adds its commission statements, which show how steady its income is.
For scale, 12 insurance agencies (NAICS 524210) in Logan County, CO had paid staff in 2023, per County Business Patterns. The wage withholding guide covers one of the state accounts an employer should have in order before applying.
A business plan for a loan request from Logan County, CO insurance agencies
A loan-request business plan can stay short. One or two pages can cover what the business does, who its customers are, what the money buys, how the payment will be made, and what happens if revenue dips. An agency buying a book of business adds the seller's commission history and the expected retention.
- The trade the business is in and its years in operation.
- The purpose, the amount and the quote or agreement behind it.
- Revenue and expenses for the last two years and this year to date.
- How the new payment fits into monthly cash flow.
Business loan documents checklist for Sterling, CO insurance agencies
- Business bank statements for recent months.
- Two years of tax returns, business and personal.
- This year's profit and loss to date and a balance sheet.
- Business formation records from the Colorado Secretary of State.
- The quote, invoice, lease or purchase agreement for the funding purpose.
- A list of current business debts with balances and payments.
Business entity records are filed with the Colorado Secretary of State business organizations office.
Local zoning and permit guides for Sterling, CO auto repair shops
A repair shop moving into a new building, adding bays or changing the use of a space needs the city's zoning compliance permit and building permits first. The Sterling, CO zoning and building guide covers the zoning districts, the Public Works Department's permits and the certificate of occupancy. The equipment loan calculator estimates the payment on a machine before a quote is requested.
Auto repair and maintenance shops counted 19 employer establishments in Logan County, CO in 2023 (County Business Patterns).
By Brookmark Financial · Updated