Contact details, the company name, its time in business, annual revenue and the amount requested make up the form, with a consent box. Purpose, quotes and dates are covered on the call. A partner may ask for bank statements, tax returns and job paperwork, may check credit in its own review, and decides.
A business loan application checklist for change orders on a Clay County, MN home build
Building permits authorized 344 new privately owned housing units in Clay County, MN in 2025 (Building Permits Survey), and residential building construction counted 52 employer establishments there in 2023 (County Business Patterns, NAICS 2361). For a home builder, a change order can mean buying materials before the homeowner's added payment arrives.
Illustration only, invented figures: a builder owes $18,650 for upgraded windows and cabinets on a change order that the owner pays at the next draw. At 12.15% a year over 12 months, the payment would be $1,658.34; the 12 payments total $19,900.08, including $1,250.08 of interest.
- The signed change order and the amount it adds
- The supplier quote or invoice for the materials
- The draw schedule showing when the added amount is due
- Recent months of business bank statements
- A list of loans or advances the business is already paying
None of those go into the form. They are things to have ready in case a funding partner asks.
What do you need to apply for a business loan that covers an equipment repair in Clay County, MN?
An equipment repair is an operating cost, so it can fit a working capital request. Illustration only, invented figures: a Clay County, MN quick-service restaurant gets a $7,380 bill to rebuild the compressor on its walk-in cooler. Nine monthly installments of $865.93 at 13.25% would retire it, $7,793.37 in all.
To apply, the restaurant needs the basics the form asks for and a clear account of the bill on the call. A partner reviewing it may ask for more:
- The repair invoice or the technician's quote
- Recent bank statements showing card deposits
- The most recent business tax return
- A photo ID for each owner
- Details of any merchant cash advance already being collected
Which of those a partner wants is its own decision, and the list can differ from one partner to the next.
Steps to apply for a small business loan, worked through shelving and stock for a Clay County, MN retail store
Retail trade had 2,409 paid employees at Clay County, MN employer establishments in 2023 (County Business Patterns, NAICS 44-45). A store adding a wall of shelving and the stock to fill it is asking for one sum that covers two kinds of cost.
Illustration only, invented figures: a Clay County, MN hardware store wants $24,300 for gondola shelving and the stock to fill it. As a term loan at 11.7% over 30 months, the payment would be $938.14 and the 30 payments total $28,144.20.
- Start with the form here, or with a call to (218) 370-3099.
- On the call, describe the shelving quote, the stock order and the amount.
- The request goes to funding partners.
- A partner may ask for statements, a tax return or the quotes.
- A partner weighs it and says yes or no to an offer.
- The store compares any offer's payment and total before signing.
For more on each step, including the documents a partner may request, see the step-by-step page.
Documents required for a business loan on a materials order at a Clay County, MN finishing contractor
Documents become relevant once a funding partner takes up a request. For a Clay County, MN finishing contractor pricing a materials order for a commercial interior job, the paperwork that tells the story is the job's own.
- The subcontract or purchase order for the job
- The supplier quote for flooring, tile or drywall materials
- Business bank statements for recent months
- Filed business tax returns, most recent first
- Accounts receivable, showing which customers owe what
A partner may also look at the owner's credit during its review. Questions about what a partner might ask for are covered in the business loan FAQ.
By Coralmoor Business Funding · Updated