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For Credit Lines Up To $50,000:
- Completed and signed
application
- Last three months of business bank statements, all pages
- Personal financial statement
- Pictures of used car dealership lot and vehicles
- Proof of insurance
- Copy of dealer's license
- Copy of driver's license for officers, guarantors and all key managers
- For buy here, pay here (BHPH) lines of credit, an aging report on all accounts
Additional Info - Lines From $50,000 - $150,000:
- Copies of last year's federal income tax returns for the used car dealership
- Copies of last year's personal income tax return for each officer/owner
- Last year-end and last quarterly used car dealership financial statements
Additional Info - Lines Over $150,000:
- Ongoing quarterly business financials
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