SBA Lending. MCUL Lending Conference. What does a guaranty mean to you?

Save this PDF as:
 WORD  PNG  TXT  JPG

Size: px
Start display at page:

Download "SBA Lending. MCUL Lending Conference. What does a guaranty mean to you?"

Transcription

1 SBA Lending MCUL Lending Conference What does a guaranty mean to you?

2 What will be covered Benefits of SBA SBA Loan Programs 7(a) Lending Parameters Determining Eligibility Credit Considerations Use of Proceeds Applying to the SBA Other 7(a) Programs Lender Resources

3 Benefits of SBA

4 SBA Benefits the Lender SBA provides a guaranty against loss to the lender. This means: Lower risk Increased profits Improved liquidity, and A bigger portfolio!

5 SBA Benefits the Client Lower down payment Offer longer terms/amortization Eliminate balloon payments Cover collateral shortfall

6 Typical Uses of the SBA Guarantee Insufficient collateral available Start ups (less than two years) Industry risk Poor historical earnings Insufficient equity

7 SBA Loan Programs

8 SBA Loan Programs SBA 7(a) SBA Express SBA Veterans Advantage Export Express CAP Lines Community Advantage SBA 504 Microloans

9 7(a) Lending Parameters

10 Loan Size and Guaranties Maximum loan: $5,000,000 (aggregate) Maximum guaranteed amount: $3,750,000 $150,000 or less 85% guaranty Over $150,000 75% guaranty

11 General Maturity Requirements Based on useful life of assets Working capital: up to 10 years M&E / F&F: generally 10 years, maximum of 25; not to exceed life of asset Land/building: up to 25 years, plus time to complete construction/renovation Refinancing: based on use of proceeds of the underlying loan being refinanced; consider remaining useful life of assets

12 Maturity on Mixed Loan Uses Blended term (weighted average) Example: Term = 18 years Purpose Amount % Maturity Weight Real Estate $ 300,000 60% Machinery & Equipment $ 100,000 20% 10 2 Working Capital $ 100,000 20% $ 500, % 18.4 Term based on principal use of proceeds Use the maximum term of asset class that is largest percentage of use of proceeds. Example (above): term = 25 years Consider ability to repay

13 Maximum Interest Rates Base rate + spread below Loan Amount Term < 7 yrs Term 7 yrs Up to $25, % 4.75% 25,001-50, % 3.75% 50,001 & above 2.25% 2.75% Base rate: WSJ Prime, One month LIBOR + 3%, SBA Peg Rate, SBA Fixed Rate All rates posted at:

14 Guaranty Fees Fee charged on guaranteed portion of the loan May be passed on to borrower Gross Loan Amount SBA Guaranty Fee Rate < $150,000 85% 2.0% $150, ,000 75% 3.0% > $700,000 75% 3.5% Additional 0.25% for guaranty amount over $1,000,000 For short-term (under 12 mos.) notes, fee is 0.25%

15 Other Fees Ongoing fee Cannot be passed on to borrower 0.52% annual fee on outstanding balance of guaranteed portion of 7(a) loans Paid monthly, electronically, through Colson Fee percentage may be changed annually Lender may charge an additional, reasonable, "Packaging Fee

16 Fees Effective October 1, (a) Loans Over $150,000 Yearly (On-Going) Fee Reduced to.52% Upfront Guaranty Fee no change 7(a) Loans $150,000 or less No Upfront Guaranty Fee, No On-Going Fee If additional loans approved above $150,000 within 90 days, full fees apply to those loans, Example: $150,000 loan(s) approved on December 12, 2013 No fees apply Second loan approved January 12, 2014 Full fees apply to second loan

17 Prepayment Penalties Referred to in SOP as Subsidy Recoupment Fees Only applies to loans with 15 years or greater maturities Use declining balance method: 5% of prepaid amount in first year, 3% in second, 1% in third No other Prepayment Penalty allowed

18 Eligibility

19 Eligible Businesses Able to demonstrate a need for credit Small under SBA size standards An operating (not passive) business, engaged in an eligible industry Organized for profit Located in the United States

20 Ineligible Businesses Non-profits (for profit subsidiaries may be eligible) Financial businesses Life insurance companies Pyramid sale distribution plans Government-owned entities Cooperatives Loan packagers (earning more than 1/3 of their income from SBA packages) Speculative businesses

21 More Ineligible Businesses Gambling activities Promoting religion Providing sexual material Prior loss to the government Passive owners of property Principal(s) on probation or parole (all principals or key employees ever arrested, charged or convicted must be cleared through the District Office Form 912)

22 Credit Elsewhere Test Applicant is unable to obtain the loan on reasonable terms without SBA guaranty, AND Resources of the business or principals does not provide adequate financing

23 Credit Elsewhere Test The applicant must demonstrate a need for a guaranty on the loan Need longer maturity than lender policy permits Loan exceeds lender s legal lending limit/policy Lender liquidity depends on secondary market Inadequate collateral under lender policy Violates lender policy regarding loans to new businesses or in applicant s industry Other factors related to credit that require guarantee Unacceptable factors: To address CRA compliance To refinance debt already on reasonable terms

24 Personal Resources Test Excess personal liquid resources must be used to reduce the loan request Applies to all 20%+ owners Spouses If both spouses have ownership, only one exemption Spouse must sign personal financial statement Consider liquid assets of principal + spouse + dependent children Lender must document calculations/findings in file

25 Personal Resources Exemption Total Financing Package Exemption (SBA + equity injection + other financing) greater of: $250,000 or less 2.0x or $100,000 $250,001 - $500, x or $500,000 Over $500, x or $750,000

26 Personal Eligibility Each owner of 20% or more of the applicant business must be: Of good character Legally in the United States Able to demonstrate need for credit, with No prior loss to the government To determine character Credit reports Form 912, Personal History Statement Form 4506-T, IRS Verification of Financial Information

27 Size & Affiliations Alternative size standard Tangible Net Worth less than $15 million, AND Net Income less than $5.0 million (two-year average, excluding any carry-over losses), OR Traditional size standard, by NAICS code Retail and Service $7 to $35.5 Million Manufacturing 500 to 1,500 Employees Wholesale 100 Employees Construction $7 to $33.5 Million For additional information:

28 Franchise/License/Dealer/Jobber Agreements Main concern possibility of affiliation via Common ownership Common management Excessive restrictions on sale/transfer of franchise interest Excessive control over profits and loss If processed through LGPC, SBA reviews and determines eligibility. Delegated lenders may determine their own eligibility OR submit to SBA

29 Eligible Passive Company An Eligible Passive Company (EPC) holds the fixed assets of an Operating Company (OC) Both the EPC and OC must be co-borrowers on loan

30 Credit Considerations

31 Credit Analysis Lender must analyze each application in a commercially reasonable and prudent manner Basically, consider the 5 C s of Credit Cash flow is primary source of repayment (not liquidation of collateral)

32 Lender s Analysis Must Include History and nature of business Business plan Owners and managers relevant experience Financial condition of the business before and after the loan Repayment ability Collateral adequacy Equity adequacy Other relevant information

33 Equity Requirements Adequate equity is expected by the SBA Generally, a minimum of 10% of total project cost is the expected injection Lenders must document injections prior to disbursing loan proceeds

34 Collateral Requirements Up to $25,000 Collateral not required $25,001-$350,000 Follow own collateral policy Minimum - Lien on fixed assets Above $350,000 Fully Secured, to the extent available The SBA will not decline a loan on the basis of insufficient collateral, as long as all available and worthwhile collateral has been secured Includes business and personal assets A/R and inventory can be taken as collateral, but have no value in collateral calculations

35 Collateral Requirements How to determine if a loan is fully secured Valuation methods: Adjusted net book value (ANBV): Original purchase price minus depreciation and amortization Orderly liquidation appraised value (OLV) Discounted accordingly: New M&E: 75% of ANBV or 80% of OLV Used M&E: 50% of ANBV or 80% of OLV Real Estate: 85% (Based on appraisal value following SBA requirements - SOP)

36 Preferences With multiple loans for the same purpose with the same collateral, the lender cannot have a superior lien position to SBA Pari Passu

37 Guaranties All owners of 20% or more are required to pledge a full, unlimited personal guaranty If the combined ownership of spouses totals 20%, both must fully guaranty Full or limited guaranties of other parties may be required for credit reasons

38 Life Insurance For 7(a) loans under $350,000, lenders may use own policy for similar loans For standard 7(a) loans over $350,000 lenders may use own policy for similar loans except when business is dependent on a sole owner Required to cover collateral shortfalls The amount and type of collateral can be factored into the determination of the insurance amount

39 Use of Proceeds

40 Eligible Uses of Proceeds New starts Business acquisitions Expansions Working capital Land, buildings, equipment Inventory, materials Debt refinancing

41 Ineligible Uses of Proceeds Pay delinquent taxes or other funds held in trust Pay or refinance debt used for distributions to associates of the applicant

42 Real Estate Occupancy Requirements Purchase of existing building: applicant must occupy 51% of rentable property, and may permanently lease out 49% New construction: 60% must be occupied by applicant permanently 20% may be leased out permanently 20% may be leased out temporarily Applicant must occupy some within 3 years Applicant must occupy all within 10 years Loan to EPC: EPC must lease 100% to OC, and OC must comply with occupancy rules

43 Refinancing Eligibility Demand note or balloon payment Debt with an interest rate that exceeds the SBA maximums Credit card obligations used for business-related purposes Debt that is overcollateralized Revolving lines of credit where original lender is unwilling to renew Restructuring revolving lines to obtain a lower interest rate or longer term Aggressive maturities

44 Policies on Refinancing Original loan must have been SBA-eligible Most installment loans require a 10% payment reduction Same institution debt: Include a 36 month transcript, with explanation of late payments SBA debt at another institution: verify and document current lender is unwilling to match proposed terms

45 Change of Ownership Purchase must result in 100% ownership Must be in the best interest of the business (not buyer or seller) Arms-length transaction; requirements: Buy-Sell Agreement Business valuation Qualified third party valuation required if intangible assets exceed $250,000 Must be submitted at time of application Current financial statements for existing business

46 Change of Ownership, cont. Lender cannot use delegated authority for intangible financing in excess of $500,000 unless: The buyer and/or seller finance at least 25% AND Seller financing is on full stand-by for principal and interest for at least two years (can be considered equity injection)

47 Applying to the SBA I have my internal bank approval NOW WHAT??

48 SUBMISSION OF APPLICATION FOR GUARANTY All applications for SBA loans must be submitted through E-Tran or electronically to the LGPC starting January 1, 2014

49 SUBMISSION OF APPLICATION FOR GUARANTY The different application methods are: 1. Standard 7(a) Guaranty (includes Certified Lender Program) Loans up to and including $350,000 (SLA) E-Tran and SendThisFile or Loans over $350,000 to $5,000,000 E-Tran and SendThisFile 2. Preferred Lender Program (delegated) E-Tran Loans up to and including $350,000 (SLA) Loans over $350,000 to $5,000,000

50 SUBMISSION OF APPLICATION FOR GUARANTY 3. SBA Express (delegated) E-Tran 4. Export Express (delegated) E-Tran 5. Community Advantage E-Tran and SendThisFile

51 CONTENTS OF LENDER S APPLICATION Non Express Loans $350,000 or Less Follow existing SLA application process and documentation All loans must be SBA credit scored through E-Tran prior to submission/approval DUNS number is recommended (find or apply for it at Non Express Loans $350,000 or More Follow existing SLA application process except credit scoring Additional documentation required as in SOP (F) including business financial statements and/or tax returns must be dated within 180 days prior to submission to SBA

52 CONTENTS OF LENDER S APPLICATION All SBA Guaranty Loan applications will utilize: SBA form 1919 (Borrower s form) SBA form 1920SX (Lenders form) Both forms currently under revision SBA form 912 also needed for each loan until SBA form 1919 revised After revision, only needed if the arrest/conviction information requires SBA clearance

53 CONTENTS OF APPLICATION SBA Form 1919 Form includes the certifications and requirements previously set forth in SBA Forms 601, 912, 1261, and Also follow all requirements imposed by laws and executive orders Form 601 required if construction costs will exceed $10,000. Form 159 required if applicant paid a fee for the application processing or referral to lender.

54 Contents of Application SBA Form 1920SX, Lender s Application Exhibits: Sources and Uses of Funds Bank s Credit Memo Justification of New Businesses and Change of Ownership Narrative SBA Form 1846 (lobbying)

55 Content of Application Personal Financial Statement Business Financial Statements: Balance Sheet & P&L for last three years Reconciliation of Net Worth Interim Balance Sheet and P&L (within 180 days) Subsidiary and affiliate info Cash flow projection History of business Resume of principals

56 Content of Application Miscellaneous: Copy of lease Detailed list of machinery and equipment Real Estate purchase info (appraisal, environmental, purchase agreement) Business Valuation, as required Franchise Information

57 Content of Application Other Forms: IRS Form 4506-T (Date of Submission) 49,00.html USCIS Form G-845 Include USCIS Response (new process through SBA)

58 Loan Authorization Defines Terms and Conditions of the loan guaranty Acts as checklist for closing Lender can prepare, or Loan Center will Lenders can use Wizard and boilerplate language, available at

59 Processing Timeline Submit application Receive control number from LGPC If you receive a screen out, provide additional info/clarification Upon approval, receive Authorization

60 Other 7(a) Programs

61 CAPLines Revolving debt Working Capital, Contract, Seasonal and Builder s Working capital CAPLine Up to 10 year maturity Lender chooses whether to use borrowing base or not Lender uses own note and guaranty agreements Follows standard 7(a) pricing, maximums, guaranties, etc.

62 SBAExpress Delegated authority, separate approval required $350,000 maximum (cumulative for all Express loans), 50% guaranty Interest Rate Maximums Loans $50,000 or less: Base + 6.5% Loans > $50,000: Base + 4.5% Lenders use own forms & procedures SBA Veterans Advantage Up-front guaranty fee waived for veteran owned businesses (including spouses)

63 SBA Trade Finance Programs Export Working Capital Loans Export Express International Trade Loan SBA Trade Credit Officer aids in transaction assessment and tailored deal-structuring

64 Need Help?

65 SBA Lender Resources SBA s SOPs, regulations and notices at Standard 7(a) Loan Guaranty Processing Center: x

66 Michigan District Office Detroit: Ph (313) , Fax (313) Al Cook, Ext. 221, Romy Ancog, Ext. 259, Tom McFadden, Ext. 228, Grand Rapids: Ph (616) , Fax (616) Brian Picarazzi,

67 Questions?

SBA 101 - Introduction to SBA Lending. WPASGL 2013 Quality Circle April 11, 2013

SBA 101 - Introduction to SBA Lending. WPASGL 2013 Quality Circle April 11, 2013 SBA 101 - Introduction to SBA Lending WPASGL 2013 Quality Circle April 11, 2013 PURPOSE OF SBA FINANCIAL ASSISTANCE The purpose of SBA financial assistance is not to encourage banks to make bad loans.

More information

Credit Connections Leveraging Resources to Strengthen Deals. U.S. Small Business Administration

Credit Connections Leveraging Resources to Strengthen Deals. U.S. Small Business Administration Credit Connections Leveraging Resources to Strengthen Deals U.S. Small Business Administration 1 Lenders Benefits of SBA Loans SBA s Guaranty reduces a Lender s Risk Helps lenders make loans with longer

More information

NAVIGATING TODAY S CREDIT JUNGLE ALTERNATIVES

NAVIGATING TODAY S CREDIT JUNGLE ALTERNATIVES NAVIGATING TODAY S CREDIT JUNGLE AN OVERVIEW OF SBA FINANCING ALTERNATIVES November, 2011 Timothy D. Dixon Head of Small Business Administration (W) 216-514-5431 timothy.dixon@citizensbanking.com 1 Discussion

More information

SBA ONE. SBA ONE Processing Methods. Effective January 1, 2014. SOP 50 10 5(F) - Application Changes. Standard 7(a) Guaranty, CLP & PLP

SBA ONE. SBA ONE Processing Methods. Effective January 1, 2014. SOP 50 10 5(F) - Application Changes. Standard 7(a) Guaranty, CLP & PLP SBA ONE Effective January 1, 2014 SOP 50 10 5(F) - Application Changes 1 SBA ONE Processing Methods Standard 7(a) Guaranty, CLP & PLP Small Loans up to and including $350,000 (All Processed Like Small

More information

SBA Express Loan Program. www.sba.gov/for-lenders

SBA Express Loan Program. www.sba.gov/for-lenders SBA Express Loan Program SESSION WILL COVER History Lender eligibility issues Program parameters Loan processing Loan closing Practical uses Program Designed to: Increase lender participation Increase

More information

SBA Lending - Introduction

SBA Lending - Introduction SBA Lending - Introduction Facilitated by: Jim Kahler - Texans Credit Union Dale Donnell SBA Consulting, LLC Perry Espie US Small Business Administration American Recovery and Reinvestment Act 90% guaranty

More information

Copyright 2015, NAGGL, Inc. - Do Not Copy/Distribute 1

Copyright 2015, NAGGL, Inc. - Do Not Copy/Distribute 1 About this PowerPoint... These slides are provided as a reference for conference attendees While the conference breakout session covers the same topics, the live presentation is a lender-to-lender discussion

More information

Debt Refinancing Under the 7(a) Program. Lynn G. Ozer Executive Vice President Government Guaranteed Lending

Debt Refinancing Under the 7(a) Program. Lynn G. Ozer Executive Vice President Government Guaranteed Lending Debt Refinancing Under the 7(a) Program Lynn G. Ozer Executive Vice President Government Guaranteed Lending Debt Refinancing SBA-guaranteed loan proceeds may not be used to refinance debt originally used

More information

Working Capital and Contract Caplines Program. Caplines 2.0: New and Improved

Working Capital and Contract Caplines Program. Caplines 2.0: New and Improved Working Capital and Contract Caplines Program Caplines 2.0: New and Improved Topics for Today s Discussion Structural Changes Key Features for Working Capital Caplines Key Features for Contract Caplines

More information

Graduate School of Colorado SBA lending Presentation

Graduate School of Colorado SBA lending Presentation Graduate School of Colorado SBA lending Presentation SBA lending course summary The course will provide an overview and comparison of SBA 7a, SBA 504 and USDA Business & Industry (B&I) loan programs. SBA

More information

SBA and USDA Lending 1/28/2014. Benefits of SBA Financing. Small Business Administration and United State Department of Agriculture

SBA and USDA Lending 1/28/2014. Benefits of SBA Financing. Small Business Administration and United State Department of Agriculture SBA and USDA Lending Small Business Administration and United State Department of Agriculture Work in Partnership with Banks Encourage Banks to Lend to Businesses by Guaranteeing loans to reduce Lender

More information

504 Loan Program. First Mortgage Lender Training

504 Loan Program. First Mortgage Lender Training 504 Loan Program First Mortgage Lender Training SBA programs are suited to businesses in various stages of development S T A R T U P Access to Capital 7a SCORE SBDC Management Assistant Programs Incentive

More information

What is SBA s 7(a) Small Loan? 7(a) Small Loan Origination

What is SBA s 7(a) Small Loan? 7(a) Small Loan Origination Standard 7 (a) Loan Guaranty Processing Center Locations 6501 Sylvan Road Suite 122 262 Black Gold Blvd Citrus Heights, CA 95610 Hazard, KY 41701 7(a) Small Loan Origination In Today s Session: 7(a) Small

More information

2012 Lender Roundtables

2012 Lender Roundtables 2012 Lender Roundtables Resources SBA Loan Programs SOP 50 10 5 (E) (current version) Lender Newsletters ( The Lender s Advantage ) www.sba.gov/for-lenders E-mail 7aQuestions @sba.gov Wichita District

More information

SBA Programs & Services

SBA Programs & Services Helping you start, grow and succeed. SBA Programs & Services 2012 Government Small Business Conference South Florida District Office Overview Covers 24 counties from Monroe to Osceola District Office located

More information

Why is SBA So Concerned About Debt Refinancing?

Why is SBA So Concerned About Debt Refinancing? welcome Why is SBA So Concerned About Debt Refinancing? Primary reason: credit elsewhere mandate in SBA s legislation No financial assistance shall be extended pursuant to this subsection if the applicant

More information

LENDERS SUMMARY OF 504 RULES

LENDERS SUMMARY OF 504 RULES LENDERS SUMMARY OF 504 RULES Eligibility applies to Nine areas 1. Size 2. Credit Not Available Elsewhere 3. Personal Resources of the Borrower 4. Use of Proceeds 5. Types of Businesses 6. Job Criteria(Economic

More information

Small Business Administration 7(a) Loan Guaranty Program

Small Business Administration 7(a) Loan Guaranty Program Small Business Administration 7(a) Loan Guaranty Program Robert Jay Dilger Senior Specialist in American National Government March 31, 2014 Congressional Research Service 7-5700 www.crs.gov R41146 Summary

More information

Entrepreneur Academy: SBA 504 & 7(a) Loan Programs & Updates

Entrepreneur Academy: SBA 504 & 7(a) Loan Programs & Updates Entrepreneur Academy: SBA 504 & 7(a) Loan Programs & Updates Wendy J. Jeffers Sr. Lending Officer: SBA Programs wjeffers@sbacsav.com Mobile: 912.398.3090 or 888.287.2137 In full operation since September

More information

SBA Guaranty Loan Options for Small Businesses

SBA Guaranty Loan Options for Small Businesses SBA Guaranty Loan Options for Small Businesses W. Lewis Burger Lender Relations Specialist Georgia District Office Atlanta, GA (404) 331-0100 Ext 304 W.Burger@SBA.gov SBA Loan Guaranties- Understanding

More information

SBA Programs to Help You Start & Grow Your Small Business

SBA Programs to Help You Start & Grow Your Small Business SBA Programs to Help You Start & Grow Your Small Business U.S. Small Business Administration 6501 Sylvan Road, Suite 100 Citrus Heights, CA 95610 916-735-1700 www.sba.gov 08?11 BUSINESS LOANS & THE SBA

More information

GrowFL and SunTrust Bank Present: Business Acquisitions and Partner Buyouts How SBA Loans can be leveraged to help

GrowFL and SunTrust Bank Present: Business Acquisitions and Partner Buyouts How SBA Loans can be leveraged to help GrowFL and SunTrust Bank Present: Business Acquisitions and Partner Buyouts How SBA Loans can be leveraged to help GrowFL Webinar Series Date: September 4, 2012 Presented by: Hetal Engineer, SunTrust VP

More information

U.S. SMALL BUSINESS ADMINISTRATION. Craig Jordan. Lead Lender Relations Specialist

U.S. SMALL BUSINESS ADMINISTRATION. Craig Jordan. Lead Lender Relations Specialist U.S. SMALL BUSINESS ADMINISTRATION Craig Jordan Lead Lender Relations Specialist James Pipper International Trade Officer GUARANTEED LENDING PROGRAMS UPDATE U.S. Government Export Financing Programs How

More information

Financing Downtown Businesses

Financing Downtown Businesses Financing Downtown Businesses Presented by: David Kircher 1 Wisconsin Business Development Finance Corporation Certified Development Company Authorized to work with SBA 504 Program Fixed Asset Financing

More information

An Introduction to the SBA 7(a) and 504 Loan Programs

An Introduction to the SBA 7(a) and 504 Loan Programs An Introduction to the SBA 7(a) and 504 Loan Programs Edward W. Ahart, Esq. Thomas L. Hofstetter, Esq. 220 Park Avenue Florham Park, NJ 07932 (973) 539-1000 Partner at Schenck Price Smith & King, LLC in

More information

USDA Business & Industry (B&I) Guaranteed Loan Program

USDA Business & Industry (B&I) Guaranteed Loan Program USDA Business & Industry (B&I) Guaranteed Loan Program B&I Program To Create And Maintain Employment And Improve Economic And Environmental Climate In Rural Communities Administered By The Rural Business

More information

Best Practices in Preparing the SBA 7(a) GP Loan Package

Best Practices in Preparing the SBA 7(a) GP Loan Package Best Practices in Preparing the SBA 7(a) GP Loan Package Over 11 years in business as an SBA Loan Service Provider Significant expertise and staffing in every area of the SBA realm banc-serv has packaged

More information

SBA 504 Loan Program FACT SHEET

SBA 504 Loan Program FACT SHEET SBA 504 Loan Program FACT SHEET The Oakland County Business Finance Corporation (OCBFC) was certified under the Small Business Administration's (SBA) Certified Development Company program in September

More information

2030 Districts. Project. Financing. Tookit. Small Business Association. Financing

2030 Districts. Project. Financing. Tookit. Small Business Association. Financing 2030 Districts Project Financing Tookit Small Business Association Financing Project Financing Toolkit Small Business Association Financing (SBA) The Small Business Association s (SBA) core programs offer

More information

Small Business Administration 7(a) Loan Guaranty Program

Small Business Administration 7(a) Loan Guaranty Program Small Business Administration 7(a) Loan Guaranty Program Robert Jay Dilger Senior Specialist in American National Government July 1, 2015 Congressional Research Service 7-5700 www.crs.gov R41146 Summary

More information

CHANGES HIGHLIGHTED IN SOP 50 10 5(H) (Effective 5/1/2015)

CHANGES HIGHLIGHTED IN SOP 50 10 5(H) (Effective 5/1/2015) CHANGES HIGHLIGHTED IN SOP 50 10 5(H) (Effective 5/1/2015) [Copied directly from SOP major language changes highlighted. Changes in general order of importance. Material shown in quotes directly following

More information

2012 Economic Development Finance Service Conference Federal Program Update SBA

2012 Economic Development Finance Service Conference Federal Program Update SBA 2012 Economic Development Finance Service Conference Federal Program Update SBA April 26, 2012 10:30-12:00pm SBA Programs Microloan Program Community Advantage Intermediary Lending Pilot Program 7(a) 504

More information

SBA 7(a) Government. Guaranteed Loan Program

SBA 7(a) Government. Guaranteed Loan Program SBA 7(a) Government Guaranteed Loan Program SBA Overview The U.S. Small Business Administration (SBA) Was Created By Congress In 1953 To Assist And Counsel Small Business Growth And Prosperity, Thereby

More information

VISION INCREASING OPPORTUNITIES FOR ALL SMALL BUSINESSES TO SUCCEED

VISION INCREASING OPPORTUNITIES FOR ALL SMALL BUSINESSES TO SUCCEED VISION INCREASING OPPORTUNITIES FOR ALL SMALL BUSINESSES TO SUCCEED SBA FINANCIAL ASSISTANCE An SBA guaranty is designed to help small businesses get access to reasonable credit from commercial lenders.

More information

GrowFL and SunTrust Bank Present: How To Utilize The SBA Loan Programs To Improve Cash Flow And Grow Your Business

GrowFL and SunTrust Bank Present: How To Utilize The SBA Loan Programs To Improve Cash Flow And Grow Your Business GrowFL and SunTrust Bank Present: How To Utilize The SBA Loan Programs To Improve Cash Flow And Grow Your Business GrowFL Webinar Series Date: March 5, 2012 Presented by: Hetal Engineer, SunTrust VP hetal.engineer@suntrust.com

More information

SBA Procedural Notice

SBA Procedural Notice SBA Procedural Notice TO: All Employees CONTROL NO.: 5000-1056 SUBJECT: Small/Rural Lender Advantage Initiative EFFECTIVE: 5/12/2008 Introduction In January of 2008, the U.S. Small Business Administration

More information

Government Guaranteed Business Lending

Government Guaranteed Business Lending Government Guaranteed Business Lending Ideally suited to the mission of CU s to satisfy their members business loan needs Herb White, VP of Lending, Hudson Valley FCU Margaret Gilbert, Managing Director,

More information

America s Recovery Capital (ARC) Loan Program PROCEDURAL GUIDE June 8, 2009 TABLE OF CONTENTS

America s Recovery Capital (ARC) Loan Program PROCEDURAL GUIDE June 8, 2009 TABLE OF CONTENTS America s Recovery Capital (ARC) Loan Program PROCEDURAL GUIDE June 8, 2009 TABLE OF CONTENTS 1. WHAT IS AN ARC LOAN? 2. HOW CAN A LENDER MAKE ARC LOANS? a. Existing SBA Lenders b. Lenders Not Currently

More information

DEBT REFINANCE APPLICATIONS. How to Avoid Screenouts 2010 NADCO

DEBT REFINANCE APPLICATIONS. How to Avoid Screenouts 2010 NADCO DEBT REFINANCE APPLICATIONS How to Avoid Screenouts 2010 NADCO Topics to be Covered Why revisit debt refinancing Amount of debt that can be refinanced Debt refinancing requirements Documentation to be

More information

Minority Business Development Division Allen McConnell, Manger (614) 752-4833 Allen.McConnell@development.ohio.gov www.development.ohio.

Minority Business Development Division Allen McConnell, Manger (614) 752-4833 Allen.McConnell@development.ohio.gov www.development.ohio. Minority Business Development Division Allen McConnell, Manger (614) 752-4833 Allen.McConnell@development.ohio.gov www.development.ohio.gov The State of Ohio is an Equal Opportunity Employer and Provider

More information

Capital Solutions 504 Loan Application Checklist

Capital Solutions 504 Loan Application Checklist Capitalsolutions@charter.net (205) 969-0133 Capital Solutions 504 Loan Application Checklist I. Loan Application Loan Application II. Business Financial Documents 3 Year Financial Statements 3 Year Federal

More information

Overview of SBA Loan Programs

Overview of SBA Loan Programs Overview of SBA Loan Programs U.S. Small Business Administration San Francisco District Office 455 Market Street, Suite 600 San Francisco, CA 94105 (415)744-6820 SBA Loan Programs The Big 3 SBA Microloan

More information

Screening Guideline for SBA-Guaranteed Acquisition Financing

Screening Guideline for SBA-Guaranteed Acquisition Financing Robert A. Heffner, President Rocky Mountain Capital LLC www.rockymountaincapital.com 269 West Front Street, Suite E Missoula, MT 59802 T 406 251 5861 F 888 251 8191 E rheffner@rockymountaincapital.com

More information

August 16, 2011. CBNA Commercial Banking SBA Loan Programs

August 16, 2011. CBNA Commercial Banking SBA Loan Programs August 16, 2011 CBNA Commercial Banking SBA Loan Programs Table of Contents Topics Pages What is the SBA? 2 Program Benefits 3-4 SBA 7A Loan 5-7 SBA 504 8-11 Application Requirements 12 SBA Loan Process

More information

LOAN APPLICATION. Name of Business (Legal Name): Address: City, State, Zip: Business Phone: Federal Tax ID #:

LOAN APPLICATION. Name of Business (Legal Name): Address: City, State, Zip: Business Phone: Federal Tax ID #: LOAN APPLICATION Name of Business (Legal Name): Business Phone: Federal Tax ID #: Fax: Principals Name: Phone: Social Security #: Type of Business Sole Proprietorship Corporation Partnership Date Established

More information

SBA Lending: Documenting, Closing and Servicing 7(a) and CDC/504 Loans

SBA Lending: Documenting, Closing and Servicing 7(a) and CDC/504 Loans Presenting a live 90-minute webinar with interactive Q&A SBA Lending: Documenting, Closing and Servicing 7(a) and CDC/504 Loans Navigating SBA Approval and Authorization Process, Preserving the Loan Guaranty

More information

SBA Information Notice

SBA Information Notice SBA Information Notice TO: All SBA Employees CONTROL NO.: 5000-1290 SUBJECT: Issuance of SOP 50 10 5(F) Lender and Development Company Loan Programs EFFECTIVE: 09/25/13 The Office of Capital Access is

More information

SCORE. Counselors to America s Small Business SMALL BUSINESS START-UP FINANCING OVERVIEW

SCORE. Counselors to America s Small Business SMALL BUSINESS START-UP FINANCING OVERVIEW SCORE Counselors to America s Small Business SMALL BUSINESS START-UP FINANCING OVERVIEW One key to a successful business start-up and expansion is your ability to obtain and secure appropriate financing.

More information

Small Business Administration 7(a) Loan Guaranty Program

Small Business Administration 7(a) Loan Guaranty Program Small Business Administration 7(a) Loan Guaranty Program Robert Jay Dilger Senior Specialist in American National Government June 26, 2014 Congressional Research Service 7-5700 www.crs.gov R41146 Summary

More information

Copyright 2015 NAGGL, Inc. - Do Not Copy/Distribute. Today s Discussion. Reminders. #orangesince1984

Copyright 2015 NAGGL, Inc. - Do Not Copy/Distribute. Today s Discussion. Reminders. #orangesince1984 #orangesince1984 Today s Discussion Value in using the CAPLines program to provide larger LOCs with SBA s full guaranty W/C CAPLines = most widely use so we ll cover in most detail - Underwriting - Monitoring

More information

SBA 504 Loan Program Lender s Guide

SBA 504 Loan Program Lender s Guide Eligible Use of Proceeds: Land acquisition and improvements New construction Purchase of existing building(s) Renovations to existing building(s) Purchase of Machinery and Equipment (minimum of 10 years

More information

Idaho Collateral Support Program. Participation Guide. Table of Contents V3 05-10-13

Idaho Collateral Support Program. Participation Guide. Table of Contents V3 05-10-13 Idaho Collateral Support Program Participation Guide Table of Contents V3 05-10-13 Table of Contents Summary Section 1: Eligibility Requirements a) Participating Lenders b) Borrowers c) Loans Section 2:

More information

BUSINESS AND INDUSTRY (B&I) LOAN GUARANTEE

BUSINESS AND INDUSTRY (B&I) LOAN GUARANTEE Rural Development Business & Cooperative Programs www.rurdev.usda.gov/ma Southern New England State Office 451 West Street, Suite 2 Amherst, MA 01002 Phone: 413-253-4300 Fax: 413-253-4347 Norwich Area

More information

ARC LOAN PROGRAM. Office of Small Business & Entrepreneurship and SBA

ARC LOAN PROGRAM. Office of Small Business & Entrepreneurship and SBA ARC LOAN PROGRAM Office of Small Business & Entrepreneurship and SBA 1 Timeline June 8 th : Regulation, Procedural Guidance and Forms Released Week of June 8 th : Lender Training June 15 th : SBA Begins

More information

LOAN SERVICING REQUEST GUIDELINES FOR THE COMMERCIAL LOAN SERVICING CENTERS

LOAN SERVICING REQUEST GUIDELINES FOR THE COMMERCIAL LOAN SERVICING CENTERS LOAN SERVICING REQUEST GUIDELINES FOR THE COMMERCIAL LOAN SERVICING CENTERS FRESNO SERVICING CENTER 2719 N. AIR FRESNO DR., STE 107 FRESNO, CA 93727 (559) 487-5650 LITTLE ROCK SERVICING CENTER 2120 RIVERFRONT

More information

Community Investment Corporation 504 Loan Application

Community Investment Corporation 504 Loan Application Community Investment Corporation 504 Loan Application Business Information Operating Company Primary Contact for OC: Secondary Contact for OC: Cell Phone: Business Phone: Business Fax: Cell Phone: Business

More information

SBA LENDING UPDATE: EXPLORING THE NEW SOP 50 10 5(F) AND OTHER NEW SBA PROGRAM INITIATIVES

SBA LENDING UPDATE: EXPLORING THE NEW SOP 50 10 5(F) AND OTHER NEW SBA PROGRAM INITIATIVES SBA LENDING UPDATE: EXPLORING THE NEW SOP 50 10 5(F) AND OTHER NEW SBA PROGRAM INITIATIVES Central Texas Assoc. of Guaranteed Government Lenders February 5 & 6, 2014 Agenda: SOP 50 10 5(F) Pending and

More information

North Carolina Community Federal Credit Union Policy Number 1400 2401 East Ash Street Goldsboro, NC 27534 Revised and Approved 06/22/04 Page 1 of 12

North Carolina Community Federal Credit Union Policy Number 1400 2401 East Ash Street Goldsboro, NC 27534 Revised and Approved 06/22/04 Page 1 of 12 Page 1 of 12 1400 BUSINESS LOAN POLICY I400.1 General. It is the policy of NORTH CAROLINA COMMUNITY FEDERAL CREDIT UNION (NCCFCU) to make loans that represent a desirable and profitable means of investing

More information

MICRO LOAN PROGRAM LOCAL COMMITTEE MANUAL APRIL, 2014

MICRO LOAN PROGRAM LOCAL COMMITTEE MANUAL APRIL, 2014 MICRO LOAN PROGRAM LOCAL COMMITTEE MANUAL APRIL, 2014 Regional business fund, inc. FOR MORE INFORMATION CONTACT: REGIONAL BUSINESS FUND, INC. 800 WISCONSIN STREET, MAIL BOX 9 EAU CLAIRE, WI 54703 Phone:

More information

Wright County Enterprise Loan Fund Policies and Procedures

Wright County Enterprise Loan Fund Policies and Procedures Wright County Enterprise Loan Fund Policies and Procedures Established 1993 Revised December 1998 Revised December 2002 Revised in 2004 & approved by commissioners January 2005 1 I. OVERVIEW The purpose

More information

Documenting, Closing and Servicing SBA 504 and 7(a) Loans

Documenting, Closing and Servicing SBA 504 and 7(a) Loans Documenting, Closing and Servicing SBA 504 and 7(a) Loans William C. Brown Heather E. Ward Engel, Hairston & Johanson, P.C. Engel, Hairston & Johanson, P.C. 109 N. 20 th Street, 4 th Floor 109 N. 20 th

More information

www.development.ohio.gov

www.development.ohio.gov Minority Business Development Division Joseph Brooks (614) 466-5065 joseph.brooks@development.ohio.gov www.development.ohio.gov The State of Ohio is an Equal Opportunity Employer and Provider of ADA Services

More information

cash collateral support

cash collateral support 12/15.v4 table of contents 1 Overview 2 2 Program Description 2 3 Application 2 4 Credit Enhancement Levels 3 5 Cedit Enhancement Terms and Extensions 3 6 Security and Loan Documents 4 7 Reporting and

More information

Growing Your Loan Portfolio Through SBA Lending

Growing Your Loan Portfolio Through SBA Lending Growing Your Loan Portfolio Through SBA Lending Presented By: U.S. Small Business Administration Tennessee District Office 2 International Plaza, Suite 500 Nashville, TN 37217 Today s SBA: Smart, Bold,

More information

SBA Programs to Help You Start & Grow Your Small Business

SBA Programs to Help You Start & Grow Your Small Business SBA Programs to Help You Start & Grow Your Small Business Don Spry Senior Area Manager U.S. Small Business Administration 419 North 3 rd Street Wilmington, NC 28410 don.spry@sba.gov 910-815-3188 (office)

More information

Accounts Payable Accounts Receivable Amortization Annual Interest Rate Annual Percentage Rate Attorney Fees Bridge Financing

Accounts Payable Accounts Receivable Amortization Annual Interest Rate Annual Percentage Rate Attorney Fees Bridge Financing Accounts Payable Accounts payable are business debts that must be paid off within a relatively short period of time, as opposed to long term debt such as mortgage loans and equipment loans. Accounts payable

More information

A PRIMER SBA EXPRESS LOANS 101

A PRIMER SBA EXPRESS LOANS 101 1 A PRIMER SBA EXPRESS LOANS 101 In association with COLEMAN PUBLISHING Add to your SBA product mix Today s SBA Express loan session to include: 2 Some background, definition & the types of Express loans

More information

CDA BLF LOAN APPLICATION

CDA BLF LOAN APPLICATION CDA BLF LOAN APPLICATION Name of of Business (Legal Name): Address: City, State, Zip: Business Phone // Fax: Federal Tax ID#: Principals Principal 1 Principal 2 Name: Address: City, State, Zip: Phone:

More information

SBA EXPORT EXPRESS LENDER TRAINING MANUAL

SBA EXPORT EXPRESS LENDER TRAINING MANUAL SBA EXPORT EXPRESS LENDER TRAINING MANUAL 1 Effective Date: January 15, 2016 This page has been intentionally left blank 2 Effective Date: January 15, 2016 A. PURPOSE... 5 B. NATURE OF THE CREDIT OPPORTUNITY...

More information

APPLICATION FORMAT SOUTHEAST MISSOURI REGIONAL PLANNING AND ECONOMICAL DEVELOPMENT COMMISSION REVOLVING LOAN FUND PROGRAM

APPLICATION FORMAT SOUTHEAST MISSOURI REGIONAL PLANNING AND ECONOMICAL DEVELOPMENT COMMISSION REVOLVING LOAN FUND PROGRAM APPLICATION FORMAT SOUTHEAST MISSOURI REGIONAL PLANNING AND ECONOMICAL DEVELOPMENT COMMISSION REVOLVING LOAN FUND PROGRAM SECTION 1 Loan Application. SECTION 2 Information on business to be assisted-past

More information

Small Business Administration 7(a) Loan Guaranty Program

Small Business Administration 7(a) Loan Guaranty Program Small Business Administration 7(a) Loan Guaranty Program Robert Jay Dilger Senior Specialist in American National Government January 14, 2013 CRS Report for Congress Prepared for Members and Committees

More information

SBA EXPORT EXPRESS LOAN PROGRAM

SBA EXPORT EXPRESS LOAN PROGRAM SBA EXPORT EXPRESS LOAN PROGRAM Patrick Hayes, Regional Manager SBA Export Solutions Group U.S. Export Assistance Center 600 Superior Avenue, Suite 700 Cleveland, OH 44114-216-522-4731 patrick.hayes@sba.gov

More information

Introduction to Small Business Administration Lending

Introduction to Small Business Administration Lending Introduction to Small Business Administration Lending University of Georgia School of Banking Jeff K. Roach, Small Business Resource Associates jkroach@smallbizres.com 770-894-1679 www.smallbizres.com

More information

SBA Loans: The Missing Manual

SBA Loans: The Missing Manual PrudentLenders has received many questions from borrowers and lenders regarding SBA loan structure, eligibility, guarantees, affiliation, and collateral. These questions encompass a wide spectrum of issues

More information

Credit Enhancement Fund

Credit Enhancement Fund OREGON Credit Enhancement Fund Program description Business Oregon s Credit Enhancement Fund is designed to help businesses that are having difficulty accessing conventional financing. The Credit Enhancement

More information

Commercial Real Estate. Financing Programs. The SBA Adv. www.sba.gov/ma. www.sba.gov. Programs and services to help you start, grow and succeed

Commercial Real Estate. Financing Programs. The SBA Adv. www.sba.gov/ma. www.sba.gov. Programs and services to help you start, grow and succeed Commercial Real Estate Programs and services to help you start, grow and succeed Financing Programs The SBA Adv /ma Programs and services to help you start, grow and succeed We are the SBA History: Part

More information

U.S. Small Business Administration Programs & Services. The State of Rural Small Business: Tools of the Trade

U.S. Small Business Administration Programs & Services. The State of Rural Small Business: Tools of the Trade U.S. Small Business Administration Programs & Services The State of Rural Small Business: Tools of the Trade When Do I Think - SBA? Think SBA When: Collateral is insufficient Business is a Start Up New

More information

SBA 504 Loan Program Training Seminar

SBA 504 Loan Program Training Seminar SBA 504 Loan Program Training Seminar Community Capital Development Corporation SBA 101 FY 2011 SBA 504 Loan Program Welcome! n CCDC Staff" n Please Ask Questions" Why 7(a) and 504?! Access to Capital

More information

Small Business Administration

Small Business Administration Financing the SBA Way Wayne Bell District Director Wichita District Office June 6, 2012 1 Agency History SBA What it is Federal Agency Created in 1953 Purpose To help potential and current small business

More information

SMALL BUSINESS LENDING OPPORTUNITIES FOR CREDIT UNIONS

SMALL BUSINESS LENDING OPPORTUNITIES FOR CREDIT UNIONS SMALL BUSINESS LENDING OPPORTUNITIES FOR CREDIT UNIONS February 14, 2012 Terrence K. McHugh President Commercial Alliance 1 Business Lending in Credit Unions 1998 regulation limits business lending in

More information

SBA Business Loan Programs

SBA Business Loan Programs SBA Business Loan Programs Horizon Certified Development Company Horizon Certified Development Company Incorporated in 1982 as Hamilton County Development Co., Inc. (HCDC) HCDC is a Certified Development

More information

SBA 504 Loan Program. Jobs, Communities

SBA 504 Loan Program. Jobs, Communities SBA 504 Loan Program Growing Small Businesses, Jobs, Communities What is 504? Economic Development Financing Tool Financesfixed assets for healthy, expanding businesses Low down payment to preserve cash

More information

Factsheet} Kentucky Collateral Support Program (KYCSP)

Factsheet} Kentucky Collateral Support Program (KYCSP) The Kentucky Collateral Support Program (KYCSP) (the Program ) provides a pledged asset (cash collateral account) to an enrolled lender of up to twenty percent (20%) of their loan in order to enhance the

More information

SBA Member Business Loans

SBA Member Business Loans Policy: Area of Responsibility: SBA Member Business Loans Senior Management Last Board Review: October 9, 2014 SBA 7(a) Program Overview: Emory Alliance Credit Union is engaged in conventional small business

More information

U.S. Small Business Administration

U.S. Small Business Administration Financing Small Businesses 1 of 16 What is SBA s Mission? The (SBA) is an independent agency of the federal government established in 1953 to help start, build and grow small businesses in the United States.

More information

Understanding Loans and Other Programs Available for Certified Minority Business Enterprises

Understanding Loans and Other Programs Available for Certified Minority Business Enterprises Understanding Loans and Other Programs Available for Certified Minority Business Enterprises Presented by Allen McConnell, Manager Minority Business Development Division Slide 1 Access to Financial Assistance

More information

Los Angeles District Office. LADOLenderRelations@sba.gov www.sba.gov/ca/la

Los Angeles District Office. LADOLenderRelations@sba.gov www.sba.gov/ca/la Los Angeles District Office 330 North Brand Suite 1200 Glendale, CA 91203 Phone: 818-552-3201 LADOLenderRelations@sba.gov www.sba.gov/ca/la Lenders Benefits of SBA Loans Risk Mitigation Tool Increase liquidity

More information

#1 Q: How are we assured that Zion's does not share their/our portfolio information with the competition?

#1 Q: How are we assured that Zion's does not share their/our portfolio information with the competition? Responses to On-Line Questions from SBA 504 Teleseminar #1 Q: How are we assured that Zion's does not share their/our portfolio information with the competition? A: We operate entirely independent from

More information

Business Financing. An Article by Michael L. Messer and Thomas L. Hofstetter SCHENCK, PRICE, SMITH & KING, LLP

Business Financing. An Article by Michael L. Messer and Thomas L. Hofstetter SCHENCK, PRICE, SMITH & KING, LLP Business Financing An Article by Michael L. Messer and Thomas L. Hofstetter SCHENCK, PRICE, SMITH & KING, LLP Even in these challenging economic times, businesses still have a need to grow and to obtain

More information

SBA MICROLOAN PROGRAM. Session: Loan Side Basics

SBA MICROLOAN PROGRAM. Session: Loan Side Basics SBA MICROLOAN PROGRAM Session: Loan Side Basics Microloan Program Purpose The Microloan Program assists women, low income, veteran, and minority entrepreneurs, and other small businesses in need of financing

More information

Pennsylvania Minority Business Development Authority Loan

Pennsylvania Minority Business Development Authority Loan Pennsylvania Minority Business Development Authority Loan Program Guidelines November 2015 Commonwealth of Pennsylvania Tom Wolf, Governor Department of Community & Economic Development Table of Contents

More information

Contract Financing for the Contractor

Contract Financing for the Contractor a Contract Financing for the Contractor SBA s Contract CAPLines Program A Presentation For The Contractor SBA has a Loan Guaranty Program To help Contractors Obtain Financing for Contract Work Its Called

More information

R a i sing C a pital: H ow To Get M o n e y F o r a Small B u s i n e ss

R a i sing C a pital: H ow To Get M o n e y F o r a Small B u s i n e ss R a i sing C a pital: H ow To Get M o n e y F o r a Small B u s i n e ss In addition to drive, ambition and a great deal of planning, starting and expanding a small business generally requires capital.

More information

MicroLOAN SOUTH DAKOTA Building South Dakota Communities POLICIES AND PROCEDURES

MicroLOAN SOUTH DAKOTA Building South Dakota Communities POLICIES AND PROCEDURES MicroLOAN SOUTH DAKOTA Building South Dakota Communities POLICIES AND PROCEDURES A PARTNERSHIP BETWEEEN THE REVOLVING ECONOMIC DEVELOPMENT INITIATIVE FUND, SOUTH DAKOTA DEVELOPMENT CORPORATION AND THE

More information

VIRGINIA SMALL BUSINESS FINANCING AUTHORITY LOAN GUARANTY PROGRAM. Application Instructions

VIRGINIA SMALL BUSINESS FINANCING AUTHORITY LOAN GUARANTY PROGRAM. Application Instructions VIRGINIA SMALL BUSINESS FINANCING AUTHORITY LOAN GUARANTY PROGRAM Application Instructions GENERAL INFORMATION: The Virginia Small Business Financing Authority's (VSBFA) Loan Guaranty Program is designed

More information

Small Business Programs and Resources

Small Business Programs and Resources Small Business Programs and Resources Start-Up Business Weak Collateral Longer Repayment Terms Unfamiliar Industry Achieve community economic development through job creation and retention by providing

More information

WONG GLOBEWIDE PROPERTY INVESTMENTS CORPORATION WGPIC. Commercial Loan Application. Need Help! Please call 213-618-6611 Ask for JC

WONG GLOBEWIDE PROPERTY INVESTMENTS CORPORATION WGPIC. Commercial Loan Application. Need Help! Please call 213-618-6611 Ask for JC WONG GLOBEWIDE PROPERTY INVESTMENTS CORPORATION WGPIC Commercial Loan Application Need Help! Please call 213-618-6611 Ask for JC Or Efax 866-612-9898 Or Email: Info@WGPIC.com (please answer all questionnaires

More information

The Florist Credit Union:

The Florist Credit Union: The Florist Federal Credit Union BUSINESS LOAN APPLICATION I. GENERAL INFORMATION Applicants Name / Borrower (individual business owner or business name): Tax ID Number: Mailing Address: Contact Person:

More information

A Guide to Federal, State and Regional Loan and Grant Programs for Agribusiness

A Guide to Federal, State and Regional Loan and Grant Programs for Agribusiness Illinois Office of Associate Director April 2004 Environmental 1021 North Grand Avenue East Protection Agency Springfield, IL 62706 Governor Rod Blagojevich Director Renee Cipriano A Guide to Federal,

More information

Emerald Financial Commercial Funding COMMERCIAL LOAN APPLICATION

Emerald Financial Commercial Funding COMMERCIAL LOAN APPLICATION Emerald Financial Commercial Funding COMMERCIAL LOAN APPLICATION This checklist if provided to assist in gathering the necessary information needed for the initial evaluation of your loan request. Complete

More information