Map the income sources
Identify business earnings, salary, distributions, commissions, bonuses and other relevant income before evaluating a purchase range.
SELF-EMPLOYED & COMPLEX INCOME
Help the financing tell the full income story.
Organize business income, tax documents and variable compensation early so the important details can be reviewed before a deadline.
Gather the right tax and business records
The documentation needed varies by business structure, ownership and loan program.
Discuss major financial changes first
Before moving funds, opening debt or changing compensation, ask how the decision could affect the financing review.
Build time into the process
An early review creates room to clarify questions without relying on an offer deadline to set the pace.
POSSIBLE DOCUMENTS
What may help begin the review
- Personal tax returns
- Business tax returns
- Year-to-date profit and loss
- Business bank statements
- Ownership information
- Current debt details
THE EARLIER CONVERSATION
Bring the complete picture into focus.
Documentation requirements vary. Dawn can help identify a sensible next step for your situation.