What records help a computer repair shop get a loan for a buyer?

Start with the basics a lender will ask for: income statements, balance sheets and tax filings for past years, all matching each other. If the owner’s pay or personal costs run through the business, show the adjustments plainly and have your accountant stand behind them. Loose numbers make a lender doubt the rest.

Then add records that explain the shop. Split sales between walk-in repairs, parts sold and any business accounts. Show repeat customers, outstanding invoices and how jobs are tracked. A lender looks for steady, understandable income, and a repair shop’s job system can show that better than a summary can.

Finally, supply the supporting pack: an equipment list with ages, the lease, supplier agreements, staff roles and what the buyer plans to change. A buyer’s proposal should be specific about cash flow and what happens if sales slow. Different lenders ask for different documents, so ask early what they want. Programs and rates change, so confirm current terms directly with the lender. Include a short summary of how the shop wins and keeps customers, such as reviews, repeat visits and partnerships. A lender reading numbers alone cannot see why people return, and a plain explanation gives context to the figures.

Key takeaways

• Make financial statements and tax filings agree before any lender sees them.
• Break sales down by walk-in repair, parts and business accounts.
• Ask each lender early which documents and terms they want.