Module 7 of 8 · Know exactly what your lender needs
Missing documents are the #1 cause of loan delays.
This checklist shows you exactly what lenders need based on your loan type. Check off items as you gather them. Groundwork. will track your progress and flag what's still needed before you apply.
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Gathering documents
Check off items as you gather them. Aim for 100% before your lender appointment.
💡 Pro tip from Groundwork.
Organize your documents in a dedicated folder — physical or digital — before your lender meeting. Lenders notice when applicants come prepared. It signals you're serious and capable.
💡 Pro tip: Once you've completed your P&L statement and financial templates below, go back to your DSCR Calculator and update your revenue and expense numbers with the exact figures. Your loan officer will verify these against your actual documents — the closer your estimates are to reality, the stronger your application.
Personal documents
✓
Personal tax returns (2–3 years)
IRS Form 1040 — the most important personal document for most lenders
Required
✓
W-2 forms (2–3 years)
Required if you or a co-borrower have employment income being used for ability-to-repay. Shows consistent wage income outside the business.
💡 Especially important for startups and co-borrowers with employment income
Recommended
✓
Personal financial statement
List of your personal assets, liabilities, and net worth. Many lenders have their own form.