Business Loans

CornerStone State Bank makes applying for a business loan easy! We offer competitive rates, local decisions, convenient hours, and again we are also a local business. To prepare for your appointment with a commercial lender, here are a few things to bring:

• The last 3 years of yearend balance sheets
• The last 3 years of income statements
• The last 3 years of federal tax returns (both business and personal)
• Interim balance sheets and income statement (if applicable)
• Signed personal financial statement
• Projections for at least one year of cash flow, balance sheets, and income statements
• Statement about use of loan proceeds
• If a corporation – Articles of Incorporation, By-Laws, and any Amendments
• If a partnership – Partnership agreement
• If a LLC – Articles of Organization
• Applicable leases, and/or other agreements