Yes, the P&L must be Year-to-Date (YTD) with a reporting date within 90 days of the loan request date. The Balance Sheet must also be with a reporting date within 90 days of the loan request date.
Please visit NEWITY's Balance Sheet Statement page or NEWITY's Profit & Loss Statement page to watch step-by-step video tutorials and download a Balance Sheet and/or Profit & Loss template to create a Balance Sheet and Profit & Loss Statement for your business.
Once you have completed your Balance Sheet and/or Profit & Loss Statement, you can upload the document(s) to your 7(a) loan application by logging into the NEWITY Smart Portal.
Or if you need additional accounting support, please consider reaching out to our partner, Xendoo, for help in creating and obtaining these required documents. For more information, please visit the following link: Xendoo Accounting.