Required Items Checklist

We’ve prepared checklists of the standard required items for everyone involved in order to ensure that the application and closing go smoothly. Many of the forms listed are available on our Forms page.

For New Builder Relationships

Builder Documents

• Operating Agreement/Articles of Incorporation
• Filed Certificate of Formation
• Business License
• Resumes
• General Contractor’s License
• Evidence of Surety Bond
• Evidence of Builder’s Risk Insurance
• Evidence of Contractor’s General Liability Insurance

Borrowing Entity Documents (signed and dated)

• Year to Date Balance Sheet and Profit/Loss Statement
• Quarterly Financial Statements
• Year End Financial Statements
• Audited Financial Statements (if applicable)
• Last Two Years of Tax Returns
• Inventory Report
• Authorization to Pull Credit Report for Entity
• Last Two Months of Liquidity Statements for Entity
• Financial Statements and Credit Report Authorizations for Related Entities (if applicable)

For All New Loans

Guarantor and Co-Guarantor Documents (signed and dated)

• Annual Personal Financial Statement
• Two Years of Tax Returns
• Asset Statements Verfiying Necessary Liquidity
• Authorization to Pull Credit Report

Construction Project-Related Documents

• Project Cashflow
• Lot Purchase and Sales Agreement
• All Addendums to Purchase and Sales Agreement
• Plat Approval
• Site Plans for Each Lot
• Final Construction Plans for Each Floor Plan with Plan Title or Number
• Spec Sheets or Description of Materials for Each Plan Title or Plan Number
• Septic Design Plans and Approval (if applicable)
• Cost Breakdown with Lot and Plan Number or Name
• Permits
• Purchase and Sales Agreement if Pre-Sold
• Financial Pre-approval of Buyer (verified to CLS Standards)