Small Business Banking Lending Requirements
Small Business Loans and Lines of Credit
Before you apply for small business financing online, review this list of required documents needed to complete your application.
Things to keep in mind
- SVG
Typically, we require guarantors to have a FICO® score of at least 680 and at minimum two years in business.
- SVG
All loan applicants are required to be located within the UMB branch network. Find a UMB near you.
To apply for a business loan, you’ll be required to provide the following information.
Information about your business:
- Business name, address and tax ID
- Date the business was established and if applicable, the business acquisition date of current ownership
- Details about the collateral you intend to finance (equipment, vehicle or real estate), as applicable
- Nature of business (industry and/or NAICS code)
- Financial details including gross annual sales, net profit, total business assets, and total business liabilities
- List of outstanding obligations, if any (list should include lender, current loan balance or credit limit, and monthly payment)
- Business documentation such as filing documents, organizing documents, operating agreement, partnership agreement, bylaws
Information about each business owner, guarantor and controlling manager:
- Name and title
- Social Security number, residential address and date of birth
- A mobile phone number that we can text to verify identity
- For foreign individuals, country of citizenship and country of residence
- Percentage of ownership for each beneficial owner
- Certification that the information provided on the beneficial owner and/or the controlling manager is accurate
- Personal income
- Residence status (rent or own) and monthly housing payment
Ready to Apply?
As the market changes, or business opportunities surface, your business lending needs will shift. We can help you find the solution that works for you today, tomorrow, and beyond.