Be prepared to provide the following. Note that some of these requirements might be reduced to ease the application process.
- [ ] A detailed cap table showing holdings of stock for each individual and entity that owns more than 1% of the company. If you have something with even more granular detail, the better.
Carta | Equity Management Solutions - Equity Plans, Cap Tables & 409A
You probably already manage your cap table on a place like Carta. Your attorneys might also manage this.
- [ ] A list of the identities and affiliations of every director on your board.
- [ ] Any voting agreements among shareholders.
This is what your voting agreement probably looks like.
This is what your voting agreement probably looks like.
- [ ] Prepare to complete the Paycheck Protection Program Application Form. Your lender might have other forms you'll need to complete too.
- [ ] Personal Background and Financial Statement
- [ ] Business Financial Statements, including (click the arrows to toggle). Note: Some of these requirements might be lessened in order to streamline the application program to process the likely significantly high influx of applications.
- Profit & Loss Statement
- Projected Financial Statements
- Ownership and Affiliations
- Business Certificate/License
- Loan Application History
- Income Tax Returns
- Resumes
- Business Overview and History
- Business Lease