Application

                            For Working Capital, please EMAIL your last 6 Months Business Bank Statement along with the Application.

Depending on the intended purpose of the loan, we will also require additional supplementary documents and information.

For commercial equipment loans in excess of $250,000, the following additional items are required with your application:

1. Last Two (2) Year End CPA prepared Financial Statements

2. Two (2) years of Business Tax Returns (IRS Form 1120)

3. One Year Tax Returns on all principals with more than 20% interest

4. Current Interim FS (year to date) & Prior Year Interim Same Period

5. Brief history & description about the business...how will a loan/refinance help your business, etc. Business Plan if applicable

6. Resume & Personal Financial Statement on all 20% plus business owners

7. Detailed List of equipment subject to transaction

8. Equipment Loan Debt Schedule

For loans intended for purchasing or leasing commercial real estate, the following additional items are required with your application:

1. Brief executive summary describing:

   1. The transaction – purpose, loan amount, term, LTV, DSC, preferred closing date, etc.

   2. The property – location, type, size in sf, units, % occupancy, year built, land size in acres, condition, significant issues    

   3. The borrowers – bio, background, experience, BK or other issues.

2. Current rent roll, including all vacant sf/units so it adds to 100% of sf/units.(even if 100% owner occupied); include unit, tenant,sf, lease start, lease end, options. Gross or NNN, as well as rent info.

3. Last three Year End Corporate Tax Returns 

4. Last two Year End Personal Tax Returns

5. Last two Year End Property P&L & Balance Sheet

6. Year to Date Property P&L & Balance Sheet & Same Period Prior Year P&L & Balance Sheet

7. Personal financial statement of each principal

8. Credit info on each principal; i.e. “low 700’s” or “high 500”s, etc. or complete credit report showing all 3 credit scores

9. If purchase, purchase and sale agreement

10. Detailed sources & uses of funds schedule

11. 6 color photos showing exterior and interior

12. If completed all 3rd party reports; appraisal, environmental, property condition