Small Company Loan Application Example

If you’re likely to begin your own personal small company, or currently very own one, it is most likely you will should raise money for extra cashflow sooner or later. a typical means of doing this is certainly to secure a small business loan from a bank or any other loan company. So that you can secure that loan, you need to research the thing you need in purchase to use and exactly exactly just what common errors to avoid.

The company application for the loan instance below will allow you to comprehend and prepare the information and knowledge you will probably require whenever using for a loan.

Company Loan Application Example

Brand New Union Branch:_____________________

Existing Union Officer:__________________

BUSINESS INFORMATION

  • Company Name_______________________________________
  • Address_____________________________________________
  • Telephone ( )______________ Tax I.D.____________
  • Specific Name(s)__________________________________
  • Address_____________________________________________
  • Phone ( )_______Social protection #_______Date of
  • Birth:_____
  • Proprietorship______ Partnership______Sub-Chapter S_______ Corporation_____________ Non-Profit________ Individual_________ LLC_________

Ownership circulation: (List stockholders, lovers, owner names) Note: Attach sheet that is separate additional room required.

  • Name__________Title________# of Years______%___ SS#_____
  • Name________Title________# of Years_________%___SS#_________
  • Name________Title________# of Years_________%___SS#_________

Nature of Business__________________Year Established_______ Range Employees________

Bank of Account______________Account Number_____________

Credit Relationships: Please offer information on your company credit relationships below:

Original Loan Amount____________Maturity____________
Name of Creditor_____________Purpose of Loan___________
Amount___________Presently Owing________________
Repayment Terms______________Date_______________

LOAN REQUEST

Level of Loan Requested______________ Type of loan_________

  • Years at the moment Location_________[ ] Own[ ] Lease
  • Accountant__________Telephone ( )
  • Insurance Coverage Agent____________Telephone ( )
  • Attorney_____________Telephone ( )

FINANCIAL INFORMATION

  • [ ]Line of Credit
  • [ ]Term Loan
  • [ ]Business
  • [ ]Home Equity
  • [ ]Commercial Real Estate

Requested term of loan:___________________

https://speedyloan.net/payday-loans-va

  • Particular Loan Purpose (Check all of that apply)
  • [ ] Other
  • [ ] Refinance Existing Loan or Debts
  • [ ] Finance Purchase of company
  • [ ] Finance Purchase of property
  • [ ] Finance Buy Gear
  • [ ] Finance Purchase of stock
  • [ ] Working Capital

Collateral Available* (Check all that apply)

*Collateral: Loans tend to be guaranteed by security, which will be home by which a protection interest is issued to secure repayment of this loan. The mortgage collateral can include company assets, shares, bonds, certificates of deposits, or individual assets. Give consideration to (1) the worth of this loan security must certanly be corresponding to or higher than the total amount of the loan, (2) anticipated financial lifetime of security will likely to be considered by the lender in assessing the collateral offered when it comes to loan, (3) formal collateral appraisals might be needed, and (4) a pledge of individual assets can be needed as extra security for the company loan required.

[ ] Guarantors** (Please list)

**Guarantors: For included borrowers, guarantees of owner(s) is normally needed, unless guaranteed by Bank deposits or collateral that is marketable. A sole proprietorship, and/or partnership, the Bank may require all parties to pledge collateral if personal assets are in joint names.

COMPANY BACKGROUND INFORMATION

Please offer a quick reputation for your company, future plans, and projections, and explain your products or services and/or solutions and competition.

PERSONAL COMPANY EXPERIENCE

when you yourself have experienced your overall company for less than 5 years, please describe your past business experience. (Add company history, administration experience, and training, or add a resume.)

  • Name__________Social Safety #_________________
  • Address__________________________________ Name___________________Social Protection #________________ Address__________________________________ Name___________________Social Safety #________________ Address__________________________________
  • [ ] Personal Assets (As described in Personal Financial Statement.)
  • [ ] Cash on Deposit at (name of bank) Branch Account #
  • [ ] Real Estate (Please attach property target, appropriate description and a duplicate of all recent goverment tax bill.) Square Feet Acres
  • [ ] Specific Equipment (Please attach hardware list, including serial figures or description of equipment, and invoices for brand new gear.)
  • [ ] All Assets (accounts receivable, stock, equipment and equipment)

OFFICIAL OFFICIAL CERTIFICATION

The certifies that are undersigned, to your most useful of his / her knowledge and belief, all information found in this application for the loan plus in the accompanying statements and documents holds true, complete, and proper. The undersigned agrees to alert the lender instantly of any product alterations in these records. It really is further agreed that, set up loan herein sent applications for is authorized, the undersigned will probably pay or reimburse the lender when it comes to expenses, if any, of studies, name or home loan exams, appraisals, etc., done by non-Bank workers because of the permission for the applicant. The authorizes being undersigned Bank to make contact with any bank and trade creditors it deems necessary without further notice, including, however restricted to, Dunn & Bradstreet reports or information from TRW Credit information.

  • Business Name (print):
  • Applicant Signature: Date:
  • Applicant Title:
  • Guarantor(s) Signature: Date:
  • Guarantor(s) Signature: Date:

COMPANY APPLICATION FOR THE LOAN CHECKLIST

Please be certain every one of the documentation that is following been contained in purchase for your needs application for the loan to be prepared.

  • [ ] Business Application For The Loan
  • [ ] Accountant-Prepared Business Financial Statements (revenue and Loss, Balance Sheet) when it comes to previous three years that are fiscal
  • [ ] Business Federal taxation statements for past three financial years
  • [ ] Interim Financial Statements (if available)
  • [ ] Most Federal that is recent Tax for every principal owner detailed in the 1st portion of the business enterprise application for the loan
  • [ ] Personal Financial Record
  • [ ] Organizational Papers (Articles, dba documents, etc.)
  • [ ] DIFFERENT:

FOR WORKPLACE USE ONLY:
Bank Loan Application Review Example
Reviewed by:___________________________

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