How to Prepare for a Loan Application
GAC provides flexible loans ranging from $10,000 to $500,000, with competitive rates and no prepayment penalties. Many loans do not require collateral because we underwrite based on character, commitment, and community impact, not just credit scores.
With GAC’s relationship-based approach, we take the time to get to know you and your business. Most first-time borrowers start with a smaller loan as we build trust and support your growth. As your business strengthens and your needs evolve, we grow with you—with the ability to offer larger loans over time, up to $500,000.
Loan Application Checklist
Thank you for your interest in Greenwood Archer Capital’s loan program. In order to apply for financing, you will need the following:
Business Plan with projections, if in business less than 6 months
Full individual tax returns for the most recent two years
Full business tax returns for the most recent two years
Year-to-Date Profit & Loss Statement and Balance Sheet
Paystubs for the last 30 days, if applicable
Bank statements for the last 4 months (Personal and Business)
Do you have additional questions?
Please take a look at our frequently asked questions and answers by clicking on the following link – FAQ
