PLCU COMMERCIAL LOAN APPLICATION CHECKLIST

Transcription

1 PLCU COMMERCIAL LOAN APPLICATION CHECKLIST Completed Loan Application Company s Year-end financial statements (Balance Sheet and Profit and Loss Statement) for the past THREE YEARS. Company s Tax Returns for the last THREE YEARS, including K-1 s, include all statements & schedules Company s most recent interim financial statements (Balance Sheet and Profit and Loss). Business Organization/Formation Documents (Articles, DBA papers, etc.) Complete list of debts of borrower, including terms, payment amounts, interest rate and maturity dates. If the borrower or collateral will be under a trust; first page showing the trust name authorization page(s) of the trustee(s), signature page(s) Completed Individual Financial Statement(s) on each Owner/Guarantor) with Real Estate Schedule, when applicable, and appropriate asset verification, e.g. bank/brokerage statements. Complete Federal Tax Returns for the last THREE years for each Owner/Guarantor, including all schedules and K-1 s if applicable. Business Plan (if business has been in existence for less than two years, or the company is undergoing an expansion). Purchase Invoice for Vehicle, Machinery, or Equipment (if applicable)

2 MEMBER BUSINESS LOAN APPLICATION New Member Existing Member Loan Amount: Purpose: Loan Type: : Purchase Refi Other Commercial Real Estate Business Other: Legal Name of Applicant: Identify all owners of the Property or Business including all General Partners, Members, Shareholders and Principals of the Owners: Name Social Security #/TIN # % Owned PLCU Member If real estate will be part of the collateral, please provide information for property, otherwise, please use this section for the business address. Property Address: Property Type: Current vesting for property: Square Footage: % Leased: APN#: Existing Loan Amount: Gross Annual Income: Net Annual Income:

3 1) Are you and/or the borrowing entity eligible to do business in the US? 2) Are tax liabilities current? 3) Have you or any party listed on this application ever filed bankruptcy? 4) Have you or any party listed on this application ever been convicted of a felony? Lender is authorized to make any investigation of my credit or employment status either directly or through any agency employed by Lender for that purpose. Lender may disclose to any interested parties Lender s experience with this account. I agree to inform Lender immediately of any matter which will cause any significant change in my financial condition. I understand Lender will retain this financial statement whether or not credit is granted, if applicable. Applicant s Signature Co-Applicant s Signature

4 PERSONAL FINANCIAL STATEMENT Please complete a Personal Financial Statement for each member of the borrowing entity or if individual is providing a guaranty for the loan. DATE: NAME AND PERSONAL INFORMATION-APPLICANT First Name Middle/Maiden name Last Name (If none, indicate) Home Phone: Business Phone: Social Security No: Address: City: State: Zip: NAME AND PERSONAL INFORMATION-CO-APPLICANT First Name Middle/Maiden name Last Name (If none, indicate) Home Phone: Business Phone: Social Security No: Address: City: State: Zip: ASSETS/LIABILITIES ASSETS Cash Stocks/Bonds/Investments Life Insurance Notes Receivable Residential Real Estate Investment Real Estate Automobiles Other Assets LIABILITIES Lines of Credit Notes/Loans Payable Credit Card Debt Taxes Owed Mortgage Investment RE Loans Automobile Loans Other Liabilities

5 CASH/BANK & INVESTMENT ACCOUNTS INSTITUTION/COMPANY TYPE BALANCE NOTES RECEIVABLE DUE FROM AMOUNT BALANCE MATURITY DATE REAL ESTATE SCHEDULE ADDRESS PRIMARY RESIDENCE MORTGAGE OR LIEN HOLDER MARKET VALUE LOAN BALANCE MONTHLY PAYMENT AMOUNT MATURITY DATE S

6 NOTES PAYABLE LENDER/NOTE HOLDER AMOUNT OF NOTE BALANCE MATURITY DATE NOTES: I (We) hereby affirm that the foregoing information contained in this financial statement is presented for the purpose of obtaining credit as of the date indicated and is true, complete and correct. I understand Lender is relying on this statement of my financial condition in making loan(s) to me. I hereby certify that this is a true statement of my financial condition as of the date of valuation. All credit facilities, encumbrances of assets and contingent liabilities, including standby letters of credit, endorsements or guaranties, are fully disclosed. I hereby represent that I am not a party to any bankruptcies or lawsuits. If there are any exceptions to the foregoing representation, they are fully disclosed to you in the attached exhibits. Lender is authorized to make any investigation of my credit or employment status either directly or through any agency employed by Lender for that purpose. Lender may disclose to any interested parties Lender s experience with this account. I agree to inform Lender immediately of any matter which will cause any significant change in my financial condition. I understand Lender will retain this financial statement whether or not credit is granted, if applicable. Applicant s Signature Co-Applicant s Signature