In short
Copperline Loans, a small business funding service in Mount Vernon, Washington, publishes a guide to business lender types in Washington state, a guide to the Mount Vernon, WA zoning map, zoning code and flood zone map, and a lease vs buy equipment calculator, plus notes on preparing a loan request and writing a short business plan.
Business loan documents a Skagit County, WA home builder lists before applying
- Business name, legal form, EIN and time in business.
- Business bank statements for recent months.
- Business and personal tax returns.
- A year-to-date income statement and a balance sheet.
- A schedule of jobs with draws, closings and retainage.
- Quotes for equipment or materials.
- A list of existing debt.
Residential building contractors counted 193 employers in Skagit County, WA in 2023 (Census Bureau, County Business Patterns 2023).
How a Skagit County, WA home builder prepares for a small business loan
- Decide what the money buys and how long it will take to earn back.
- Clean up the books so tax returns and statements agree.
- Check personal and business credit reports for errors.
- List every job in progress and its payment status.
- Pick the funding type, then send one request.
The request steps show the order partners follow.
A business plan for a loan request: a Mount Vernon, WA restaurant outline
- The purpose and amount, with quotes.
- Sales by month for two years.
- Food spending and wages, each shown against monthly sales.
- The lease terms.
- Existing debt.
- The owners' experience.
Two pages can be enough for an equipment request; a bank may want more for a term loan. The restaurant page has the full list.
By Copperline Loans ยท Updated