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Commercial Loan Request Form Information Checklist
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The following checklist will help you gather the necessary information for
the initial evaluation of your commercial loan request. The more complete
the information, the faster your application will be processed. Should you
have any questions, please do not hesitate to contact your Relationship
Officer or Loan Consultant.
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Commercial Loan Application |
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Management Resume
One must be provided for each member of the management team, owners,
partners, directors or significant stockholders.
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Authorization to Pull Credit History Reports
Must be completed and signed by all critical members of the management
team and any guarantors and owners.
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Company History
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Business Financial Statements
Financial statements for the last 3 years. They must be audited, or must
be dated and signed by owners or management. If balance sheet is more
than 90 days old, an interim financial statement must also be provided
which is not more than 45 days old.
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Accounts Receivable Aging
Not more than 45 days old. |
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Accounts Payable Aging
Not more than 45 days old. |
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Inventory report
Not more than 45 days old. |
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Schedule of Business Debts
Detailed as the date of any interim
financial statements. |
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Business Tax Returns
For most current period |
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Projections
Minimum 3 years projections. Must be sure to include
assumptions that support the projections. |
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Personal Financial Statements
Form can be provided or they can be
accountant prepared. Must be signed and dated by individual. |
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Guarantor Tax Returns
For most current period |
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Request for Transcript of Tax Return (Form 4506-T)
For the
business and any guarantors, if required. |
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For Commercial Real Estate Loans
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Purchase Contract or Buy/Sell Agreement
Must be sure to include
all exhibits and addenda |
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Construction Budget or Contract
- Budget
- Contract
- Plans
- Specifications
- Refinancing Information
- Copy of Promissory Note, including any extensions or amendments
- Copy of Deed of Trust, including any extensions or amendments
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Appraisal
- Most recent appraisal
- Most recent tax appraisal
- Property legal description
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For Acquisition Loans
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Purchase Contract or Buy/Sell Agreement, including all exhibits and
addenda |
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Financial information of business to be acquired (historical and
projected) |
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For Purchase of Equipment or Machinery |
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Purchase order or invoice |
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Detailed description and specifications of equipment to be purchased |
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Appraisal of machinery or equipment (if available) |
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refinancing, please provide
- Detailed list of equipment and machinery to be refinanced
- Serial numbers
- Date of purchase or age of equipment
- Copy of original financing notes
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1-800-937-6001
