1. Your personal credit report will be reviewed to determine your past credit history. If you are operating an existing practice or business, your business credit report will be reviewed as well.
2. The feasibility of your project will be reviewed for such items as area competition and site location.
3. Your business plan will be reviewed to determine that the proposed equity injection and projections are adequate to support the business.

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You will be asked to provide information that includes the following:

1. An outline of expenses that describes the total project cost.
2. The amount of equity capital you intend to provide.
3. The amount and repayment terms of any seller financing available in a second mortgage position (if an acquisition).
4. A list of all collateral to be offered with a description, date of acquisition, cost, and an estimate of the current market value.
5. A description of the business including ownership breakdown, management background/resumes, business trends, and type of business structure (i.e. Corporation, Partnership, Limited Liability Corp., Sole Proprietor).
6. A current personal financial statement on all owners.
7. The past three years of personal tax returns on all owners.
8. The past three years of business tax returns, if applicable.
9. A current (within 90 days) balance sheet and income statement on the business, if applicable.
10. A monthly projection of income for twelve months.
11. Any pertinent appraisals, leases, or real estate contracts.

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At BB&T Small Business Partners, we understand your business. We have the people and the experience to design financing that meets your specific requirements, no matter what your project might entail. We take a value-added, consultative approach to your loan. When you work with BB&T Small Business Partners, you work directly with the decision maker. There is no red tape, no committees, middleman, or hassles. Instead, you receive prompt service and effective solutions to your borrowing needs.

Applying for a loan from BB&T Small Business Partners is a simple process. Just call us toll-free at 1-800-758-0038 and ask to speak directly to a loan officer. When you do, your loan officer will discuss your project and answer your questions regarding financing options and qualifications. While we can help with your immediate loan need, we also have specialists that can assist you with additional financial products. These include deposit solutions, cash management, payroll services, insurance and retirement and other investment options.

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1. Conduct your initial phone conversation with a BB&T Small Business Partners loan officer
2. Supply the information requested in the attached Loan Checklist
3. Your loan officer will evaluate and discuss with you potential terms and conditions of the proposed loan for your practice or business.
4. If you are approved, we will then issue you a commitment letter.

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After we receive all of the information requested on our loan checklist, your BB&T loan officer can usually obtain a loan decision within 5 business days. The typical time for a complete loan package to be closed once all documentation is obtained is 30 to 60 days.

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