Financial Disclosure Guidelines

Any transaction over $50,000.00, should have complete financial disclosure.  An underwriter may waive this requirement in the case of an obviously strong credit.  Circumstances may lead an underwriter to require full financial disclosure on transactions below this threshold.

The following are guidelines for what constitutes "full financial disclosure":

C-Corporation	Preferred   Last two years accountant prepared (prefer audited/reviewed) fiscal year-end financial statements and current interim if the last year-end statement is more than six months old.  Statements should include accountant's letter, balance sheet, profit and loss statement, and all notes. Acceptable Last two years corporate tax returns, and current interim financial statement.
Sub S Corporation	Last two years corporate and/or personal tax returns.  Personal tax returns are preferred.
Proprietorship	Last two years personal tax returns (including schedule C).
Partnership	Last two years partnership returns and current interim statement.  Last two years personal tax returns for all partners.