Self-Employed Business Narrative Form

Self-Employed Business Narrative Form

For Bank Statement Loans & More
Roberto Thompson II | Mortgage Loan Officer | NMLS # 1550391

Please answer each question completely
This form is to be completed by an employee (non-relative) of the borrower's business, with knowledge and information of the operations and finances of the business. Typical positions held by this employee would include the Controller, Treasurer, V.P. of Finance, Finance Manager, Accounting Manager, or Human Resources Manager. This form can also be completed by a third party individual with direct knowledge of the borrower's business, such as a Certified Public Accountant or an IRS Enrolled Agent.
1. Using the North American Classification System (NAICS) below, please check the industry that best describes your business:
2. Briefly describe the business/business profile:
3. Name of business:
4. Number of owners:
5. Service or Product provided:
6. Date business started:
7. Business legal structure:
8. What percent of the business do you/does the borrower own?
9a. Business location:
Insert complete address of primary location
9b. Business location
10. Number of business locations:
11. Are these locations owned or leased?
12. What is the current rent for business spaces?
13. Number of employees:

Other
14. How many full-time employees?
15. How many contractors?
16. Note any machinery or equipment required for business operations:
17. Estimate for monthly Cost of Goods Sold (Retail):
18a. Does the business require inventory (raw material or finished goods) to generate sales?
18b. If "Yes" was answered to 12a, describe the inventory and turnover ratio:
19. Note any other pertinent details about the business in regards to deposits, wire, and withdrawals/ways the business gets paid (merchant deposits, cash, Venmo, Paypal, checks, etc.).
20. How has the Covid-19 Pandemic impacted the business, if at all?
Name

First NameLast Name
Date

MonthDayYear
2 digit month, 2 digit day, 4 digit yearDate
Time

Hour Minutes

AM/PM Option
Email
example@example.com
10-Digit Phone Number
Please enter a valid phone number.Format: (000) 000-0000.
Signature
Should be Empty:

Self-Employed Business Narrative Form

Roberto Thompson II | Mortgage Loan Officer | NMLS # 1550391