Financial Backpack

This is an exhaustive list of all documents that you may collect for the purpose of composing the financial package that will be presented to a lender.

The document checklist includes both personal information and business information. A successful loan application package consists of as many of these documents as possible.

Personal Information

  • Personal Statement of Affairs
  • Assets list (described in Personal Financial Statement form)
  • Equifax FICO Score
  • TAX Return Notice of Assessment for last two years
  • Last 6 months Bank Account statements
  • Last 6 months pay stabs (if applicable)
  • Last year Tax Return File info
  • Life insurance, Shares & RRSP accounts status (if applicable)
  • Educational background documents, and any related licenses

Property Information

  • Property realtor appraisal plus ownership proof
  • Mortgage balance statement
  • Property information (MPAC + Real Estate agent evaluation) & mortgage status 

Business info:

  • Business Plan including Financial projections for first 3-5 years and an Opening Day Balance Sheet
  • Marketing Plan including a Local Market Demographics overview
  • Articles of Incorporation
  • Lease agreement signed / unsigned
  • Leasehold improvement estimates
  • Equipment purchasing estimates
  • Zoning permit
  • Applicable Licenses