What if I’m self-employed?

If you’re self-employed (or you own more than 25% of any company) provide all of the following:

  • Business tax returns (IRS Form 1065, 1120, or 1120-S) for the two most recent tax years, including all schedules.

If you are a partner in a business and receive a Schedule K-1 Partner’s Share of Income, Deductions, and Credits (IRS Form 1065), provide the following:

  • Schedule K-1 Partner’s Share of Income
  • Deductions
  • Credits (IRS Form 1065)

For any self-employment income, provide at least one of the following:

  • Regulatory agency document that includes the name of the business and information indicating the business is active and in good standing. An image from the regulatory agency website is acceptable.
  • Business license that includes the name of the business and information indicating the business is active and in good standing. An image from the regulatory agency website is acceptable.
  • Letter from the Certified Public Accountant that includes the name of the business, a certification that the business is active and in good standing, and verifies the self-employed period stated on the loan application.

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