The Evolution of Business Loans

For most business loans, the sheer amount of paperwork that a business has to provide a lender is mind-boggling. It looks something like this:

• 2-3 years of personal tax returns with full schedules

• 2-3 years of business tax returns with full schedules

• A personal financial statement

• Year-to-date profit & loss, balance sheet, and cash-flow statements

• Accounts R…