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:
Please Select
Retail Trade
Wholesale Trade
Accommodation-Food Service
Agriculture-Forestry-Fishing-Hunting
Construction (Home & Remodeling)
Manufacturing
Transportation-Warehousing
Utilities
Education Services
Mining-Quarrying-Oil & Gas Extraction
Other Services
Administrative-Support-Waste Management
Information
Real Estate-Rental and Leasing
Arts-Entertainment-Recreation
Professional-Scientific-Technical Service
Health Care-Social Assistance
Finance and Insurance
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:
Partnership
Corporation
Sub-S Corporation
Limitied Liability Company
Sole Proprietor
8. What percent of the business do you/does the borrower own?
9a. Business location:
Insert complete address of primary location
9b. Business location
Residence
Commercial/Warehouse
10. Number of business locations:
One
2-5 locations
greater than 5
11. Are these locations owned or leased?
Owned
Leased
12. What is the current rent for business spaces?
13. Number of employees:
0-5
6-10
11-25
26-100
101-500
501-1000
1001-2500
2501-5000
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?
Yes
No
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 Name
Last Name
Date
-
Month
-
Day
Year
Date
Time
Hour Minutes
AM
PM
AM/PM Option
Email
example@example.com
10-Digit Phone Number
Please enter a valid phone number.
Signature
Continue
Continue
Should be Empty: