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Old 10-15-2009, 02:03 AM
topsites topsites is offline
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Location: Richmond Virginia
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Why, don't you have the previous 5-8 years' tax returns?

Anything less than that I can imagine they might get a little funny
and it might seem out of line asking for your customer list but think
how you would feel if some Joe came up to you asking for money LOL
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Old 10-15-2009, 04:19 PM
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PROCUT1 PROCUT1 is offline
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Location: TN
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When I went for a business loan, I had to submit so much paperwork and information you would have thought I was buying the empire state building.

Copies of contracts, full financial statements, bank statements, asset valuations, resumes of key employees, sales reports and on and on.
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Old 10-16-2009, 01:24 AM
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HOOLIE HOOLIE is offline
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Location: Northern Virginia
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Unless they're asking for SS numbers, why the hell would you or your customers care?
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Old 10-18-2009, 10:27 PM
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J&R Landscaping J&R Landscaping is offline
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Just curious... What bank are you dealing with?
J&R Lawn and Landscaping
27 years old, Fully licensed and insured. 50+ accounts
Contents of Company for sale! PM for info!
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Old 10-19-2009, 10:36 PM
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mommacutz mommacutz is offline
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Location: Northeast Florida
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Is this a loan for the business or a personal loan such as for a home or auto?
Go hard or go home!
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Old 10-19-2009, 11:24 PM
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ted putnam ted putnam is offline
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Location: Arkansas
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Originally Posted by HOOLIE View Post
Unless they're asking for SS numbers, why the hell would you or your customers care?
I wouldn't want my personal info "shared". I get enough BS telemarketing calls and "File 13" crap in the mail and a lot of it is because I've had to enter info to order something on the net and they have shared my info....pisses me off!
"The Poor Fish" circa 1930's: The Poor Fish wouldn't have been caught if he'd known enough to keep his fool mouth shut.

"Opportunity is missed by most because it is dressed in overalls and looks like work"- Thomas Edison, businessman/inventor
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Old 10-19-2009, 11:28 PM
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willretire@40 willretire@40 is offline
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Location: VA
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If you write yourself a paycheck every week and take out taxes you wouldnt even have to tell them that you are self employed. You would just say I work for AZ Lawn Care and show them pay stubs. That is if it is a personal loan.
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Old 10-20-2009, 12:56 AM
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JRSlawn JRSlawn is offline
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Location: Akron, Ohio
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How much money are you trying to barrow?
Jeff Smith
JRS Lawn & Landscape
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Old 10-20-2009, 12:10 PM
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Mrs. H Mrs. H is offline
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Location: Athens County, Ohio
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If the loan is for business purposes it may be in the bank's interest to know how many customers you have now and how many you have in the future.

It would probably make more sense to go online and find a template for an existing small business plan. Your business plan should cover all your percentages and demographics, future growth ect. without having to disclose specific customer info. It's a lot of work, but certainly would show you have a more professional approach and are serious about expanding your business.
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Old 10-20-2009, 12:50 PM
MarcSmith MarcSmith is offline
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Join Date: Jul 2004
Location: Washington DC
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Bank has to verify employment. they can this with tax records and such. if you are new business and you don't have previous tax records, then you may have to show more information. If you are a company that does not use contracts for your services, then you may have to divulge a customer list such that the bank can verify your claims of income. If you have signed contracts then providing them with copies of he contracts with the first/last name blacked out might suffice. if they s till insist on a a full list, then I'd ask them to sign a form that state they will not use this list for the purposes of soliciting new customers, only for loan verification.

Look at it from the banks shoes...they have to be able to verify that you are able to pay back the loan...with no tax records, the next best hing is a customer database. with records of recent recurring deposits...
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