Financing Document Preparation Guide
A non-sensitive pre-submission checklist. CMCC will provide secure instructions for sensitive documents after initial review.
What Documentation Is Typically Required for Commercial Financing?
Most commercial financing requests involve a summary of the request, business and ownership information, financial statements, a schedule of existing debt, and documents specific to the transaction, such as a purchase agreement, an equipment quote or a property rent roll. Tax returns and bank statements are commonly requested later. Exact requirements vary by funding source and type of financing. CMCC starts with a non-sensitive summary and provides secure instructions before any sensitive documents are exchanged.
First Review
Start with high-level facts, not sensitive documents.
Organize
Know what financial statements, debt schedules and transaction documents exist.
Secure Submission
Wait for CMCC's secure instructions before sending sensitive records.
Version Control
Use current, complete documents and identify the period covered.
Typical Documents by Financing Type
Use this list to know what exists and where it is. Do not send sensitive records through the website or ordinary email.
- Working capital: business financial statements, receivables aging or inventory information, schedule of existing debt
- Equipment: vendor quote or invoice, equipment description, business financial information
- Commercial real estate: purchase contract or current loan statement, rent roll and operating statement, schedule of real estate owned, entity documents
- Acquisition or SBA: letter of intent or purchase agreement, seller financials, owner financial information, background of the owners
- Second look: decline letter or lender feedback if available, summary of the request and what changed
Common Documentation Mistakes
- Sending outdated or incomplete statements
- Mixing reporting periods across documents
- Missing entity and ownership documents
- Emailing sensitive records before secure instructions are provided
- Numbers that do not match across statements, tax returns and applications
Documentation Guide FAQs
Should I email tax returns or bank statements to CMCC?
No. Do not send Social Security numbers, tax returns, bank statements, IDs or account credentials through the website or ordinary email. Start with a non-sensitive summary, and CMCC will provide secure submission instructions if the request advances.
Why do funding sources ask for several periods of financial statements?
Multiple periods show trends and consistency in revenue, margins and cash flow, which helps a funding source judge whether current results are typical. How many periods are requested varies by source and request.
Have a real scenario?
Use the guide to organize the question, then let CMCC review the facts.
Related CMCC Tools & Financing Paths
Use the resource to understand the issue, then move to the relevant calculator, financing path or application when the scenario is ready.