Loan Requirements

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Documents Required for LOWBIC Loan

  1. Letter of Decline from Bank
  2. Business Plan
  3. 36 month projected cash flow including assumptions
  4. For existing business – financial statements prepared by a Professional Accountant for the previous three years (additional may be required)
  5. Application for Financing
  6. Statement of Personal Net Worth

Additional documents maybe required including but not limited to: Tax returns, MPAC Statement, Canada Revenue Agency Statement of Claims for HST, Source Deductions and Income Tax, Mortgage Statement and Municipal Tax Statement.