Closing stipulations

Definition of closing stipulations

What are Closing stipulations?

Items that are required to finalize a transaction.  These may be for any type of transaction or contract.   They are frequently required for loan, lease and Real Estate purchase Contracts.
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Examples of Closing Stipulations.

1. Copy of current driver’s license.
2. Copy of Business License.
3. Copy of voided business check.
4. Bank Verification such as DecisionLogic, Join me, or direct Login info.
4.  Proof of Insurance.
A. Proof of Business Insurance.
B. Proof of Insurance on an Asset.
5. Proof of Income.   This may also be proof of business income.
6. Landlord Contact information.
7.  Proof of Ownership of the business.
8.   Most recent year business tax return.
9.  Proof of payoff letter from another lender.
10.   Payoff letter from another lender.
11.  Background Check for business loan.   The lender will do a background
check on you personally.
12. Landlord waiver

If you cannot provide closing items required to complete a contract such as
and need another option, click on the links above that match what you cannot provide.
If you cannot provide a tax return, there are other options.   We can
provide financing options without the many stipulations required by others at

Did you know?

Many customers cannot provide all required closing stipulations.   What do you do if you cannot provide all the required items?

What are closing Stipulations?
Loan Stipulations for closing transactions such as Business Loans, business contracts and Real Estate Transactions

The best answer is to call the Lender and discuss.   Explain why you cannot provide what they are asking for.   Ask if there are substitute items you can provide in place of what they are asking for.    Required items can sometimes be negotiated or waived.

Examples of negotiating or waiving closing stipulations

For example, a closing stipulation may be last years tax return but you do not have  last years tax return due to filing an extension.    Request providing proof of filing an extension instead.   Another option is also to request waiver of the tax return altogether.

Providing Proof of Ownership.   For proof of ownership, K-1’s from a Tax return are usually listed in the Stipulations.   However, instead of a K-1, Articles of Incorporation showing shareholder ownership percentage may be accepted.  Another option is providing a Copy of a business license with the Owners name on it.

Frequent request for assistance has been by those stating the following situations:
– “Do not have the closing stipulations”.
-“Need a business loan without closing Stipulations”.
– “No closing stipulations”.

Learn more about Closing Stipulations.

Recent examples from the Web:

Changes in Stipulations and requirements from Brexit fallout.

Including a long list of many other types of  stipulations.