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