One of the keys to getting your SBA 7a or 504 loan approved is to write a detailed executive summary. Your executive summary should include a simple and direct cover letter. In it, describe who you are , your business background, what your business does, and how the loan will help the business succeed. You should also include the following: Executive Summary. Begin your proposal with a simple and direct cover letter or executive summary. Clearly and briefly describe who you are, your business background, the nature of your business or start-up, and how the loan will be used to help the company succeed. Business Profile Management Experience Loan Request Loan Repayment Collateral Personal Financial Statements Business Financial Statements Equity Investment Projections Other Items (if applicable) Lease (or copies of proposal) Franchise agreement Purchase agreement Articles of Incorporation Partnership agreements Copies of business licenses and registrations required for you to conduct business Copies of contracts you have with any third parties