Small Company Loan Application Example

Small Company Loan Application Example

If you’re likely to begin your own personal small company, or currently very own one, it’s most most likely you will need certainly to raise money for extra income sooner or later. a way that is common of this really is to secure a company loan from the bank or other loan company. To be able to secure that loan, you have to research things you need so that you can use and exactly exactly what mistakes that are common avoid.

The business enterprise application for the loan instance below will allow you to comprehend and prepare the info you’ll need when applying likely for a financial loan.

Business Loan Application Example

Brand Brand New Union Branch:_____________________

Current Union Officer:__________________

COMPANY INFORMATION

  • Company Name_______________________________________
  • Address_____________________________________________
  • Phone ( )______________ 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_______ Number of Employees________

Bank of Account______________Account Number_____________

Credit Relationships: Please offer information on your online business credit relationships below:

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

LOAN DEMAND

Quantity 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
  • [ ]Company
  • [ ]Home Equity
  • [ ]Commercial Real Estate

Requested term of loan:___________________

  • Particular Loan Purpose (Check all that apply)
  • [ ] Other
  • [ ] Refinance Existing Loan or Debts
  • [ ] Finance buy of company
  • [ ] Finance buy of real-estate
  • [ ] Finance Purchase Equipment
  • [ ] Finance Purchase of stock
  • [ ] Working Capital

Collateral Available* (Check all that apply)

*Collateral: Loans tend to be guaranteed by security, which can be home by which a protection interest is awarded to secure repayment associated with loan. The mortgage security can sometimes include company assets, shares, bonds, certificates of build up, or assets that are personal. Give consideration to (1) the worthiness regarding the loan security must certanly be add up to or more than the total amount of the mortgage, (2) anticipated financial lifetime of collateral will undoubtedly be considered by the lender in assessing the collateral offered when it comes to loan, (3) formal security appraisals could be needed, and (4) a pledge of individual assets can be needed as extra collateral for the company loan required.

[ ] Guarantors** (Please list)

**Guarantors: For included borrowers, guarantees of owner(s) is normally required, unless secured 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 history that is brief of company, future plans, and projections, and explain your merchandise and/or solutions and competition.

PRIVATE COMPANY EXPERIENCE

when you have held it’s place in your current company for less than 5 years, please describe your business that is previous experience. (Add company history, administration experience, and training, or incorporate a resume.)

  • Name__________Social Safety #_________________
  • Address__________________________________ Name___________________Social Protection #________________ Address__________________________________ Name___________________Social Safety #________________ Address__________________________________
  • [ ] Personal Assets (As described in private 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 gear, and invoices for brand new gear.)
  • [ ] All Assets (accounts receivable, stock, equipment and gear)

OFFICIAL OFFICIAL CERTIFICATION

The certifies that are undersigned, to your most readily useful of his / her knowledge and belief, all information found in this application for the loan as well as in the accompanying statements and papers does work, complete, and proper. The undersigned agrees to inform the financial institution straight away of every 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 https://speedyloan.net/payday-loans-ut for the expenses, if any, of studies, name or home loan exams, appraisals, etc., done by non-Bank workers aided by the permission of this applicant. The authorizes which can be undersigned Bank to make contact with any bank and trade creditors it deems necessary without further notice, including, although not limited by, 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 most of the documentation that is following been incorporated into purchase for your business loan application become 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 tax statements for previous three years that are fiscal
  • [ ] Interim Financial Statements (if available)
  • [ ] Most Recent Federal Tax Returns for every principal owner detailed in the 1st element of the business enterprise Loan Application
  • [ ] Personal Financial Record
  • [ ] Organizational Papers (Articles, dba documents, etc.)
  • [ ] DIFFERENT:

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

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