Form Becu 616 PDF Details

In order to maintain compliance with the Form Becu 616, businesses are required to submit an annual report that includes an overview of their business activities. This report must be filed by May 1st of each year, and submission of the report is considered a condition of doing business in the State of Wisconsin. The purpose of this blog post is to provide an overview of the Form Becu 616, including what information is required and when it is due. We hope that this information will help businesses in Wisconsin stay compliant with state regulations. Thank you for reading!

Question	Answer
Form Name	Form Becu 616
Form Length	2 pages
Fillable?	No
Fillable fields	0
Avg. time to fill out	30 sec
Other names	Obligors, undersigned, endorser, guarantors

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Business Personal Financial Statement

1. BUSINESS INFORMATION and OWNERSHIP

BUSINESS NAME AS INDICATED ON THE BUSINESS LOAN APPLICATION

	INDIVIDUAL INFORMATION				JOINT INFORMATION
	INDIVIDUAL INFORMATION				JOINT INFORMATION
NAME			SOCIAL SECURITY NUMBER	NAME			SOCIAL SECURITY NUMBER

ADDRESS				ADDRESS

CITY		STATE	ZIP	CITY		STATE	ZIP

PHONE		EMAIL ADDRESS		PHONE		EMAIL ADDRESS

	ASSETS		Note: Complete SCHEDULES first				LIABILITIES
Cash on Hand and in Banks		Sched. A				Notes Due to Banks	Sched. A

Cash Value of Life Insurance		Sched. B				Notes Due to Relatives and Friends	Sched. H

Marketable Securities		Sched. C				Credit Cards Payable	Sched. H

						Loans on Life Insurance Policies	Sched. H

						Contract Accounts Payable	Sched. H

						Other Liabilities Due within 1 Year - Itemize

	TOTAL LIQUID ASSETS		$			Taxes Due	Sched. H
Business Value					Margin Loans		Sched. H

Notes and Accounts Receivable - current		Sched. D

Notes and Accounts Receivable – over 90 days		Sched. D

Notes Due from Relatives and Friends		Sched. D				TOTAL SHORT TERM LIABILITIES		$

Real Estate Owned		Sched. E				Real Estate Mortgages Payable	Sched. E

Mortgages and Contracts Owned		Sched. F

Personal Property		Sched. G

IRA and Tax Deferred Accounts						TOTAL LONG TERM LIABILITIES		$

Other Assets – Itemize	(see attached itemization)				Total Liabilities

	TOTAL LONG TERM ASSETS		$			Net Worth (Total Assets Minus Total Liabilities)

TOTAL ASSETS					TOTAL LIABILITIES AND NET WORTH

	ANNUAL INCOME					ESTIMATE OF ANNUAL EXPENSES
Salary Bonuses and Commissions			$			Income Taxes		$

Dividends and Interest			$			Other Taxes		$

Rental and Lease Income (Net)			$			Insurance Premiums		$

Alimony, child support, or separate maintenance income need not be revealed if you						Mortgage Payments		$
do not wish to have it considered as a basis for repaying this obligation.						Mortgage Payments		$

						Rent Payable		$
Other Income – Itemize			$			Rent Payable		$
Other Income – Itemize			$
Provide the following information only if Joint Account:						Other Expenses		$

Other Persons Salary, Bonuses, and Commissions			$

Alimony, child support, or separate maintenance income need not be revealed if you
do not wish to have it considered as a basis for repaying this obligation.

Other Income – Itemize			$
TOTAL			$			TOTAL		$

	GENERAL INFORMATION					CONTINGENT LIABILITIES
Are any assets pledged other than described on SCHEDULES			Yes	No		As endorser, Co-maker or guarantor		Yes	No

Are you a defendant in any suits or legal actions?			Yes	No	On leases or contracts			Yes	No

Date of most recent Income Tax return filed			Year:			Legal Claims		Yes	No

Have you ever been declared bankrupt in the last 10 years?			Yes	No		Federal – State Income Taxes		Yes	No

Are you partner or officer in any other venture			Yes	No		Other		Yes	No

				SCHEDULES
A. CASH IN BANKS AND NOTES DUE TO BANKS (List all Real Estate Loans in Schedule E)							Addition Information Requested

Name of Bank

Type of Account

Type of Ownership

On Deposit

Notes Due Banks

Collateral (if any) and Type of Ownership

Cash on Hand

See Attached Itemization

TOTALS $

BECU 616 7/2012

B. LIFE INSURANCE (List only those Policies that you own)

Company

Face of Policy

Cash Surrender

Value

Policy Loan from

Insurance Co.

Other Loans Policy as

Collateral

Beneficiary

See Attached Itemization	TOTALS	$

C. SECURITIES OWNED (Including U.S. Government Bonds and all other Stocks and Bonds)

Face Value-Bonds	Description	Type of	Cost	Market Value	Market Value
# of Shares/Stocks	(indicate those not registered in your name)	Ownership	Cost	U.S. Gov. Sec.	Marketable Sec.
# of Shares/Stocks	(indicate those not registered in your name)	Ownership		U.S. Gov. Sec.	Marketable Sec.

Market Value

Not Readily

Marketable

Amount Pledged To Secured Loan

See Attached Itemization	TOTALS	$

D. NOTES AND ACCOUNTS RECEIVABLE (Money Payable or Owed to You Individually-Indicate % of your Ownership Interest)

Maker/Debtor

When Due

Original Amount

Balance Due

Current Accounts

Balance Due Over 90 Days

Balance Due Notes Relatives and Friends

Security (if any)

See Attached Itemization	TOTALS	$

E. REAL ESTATE OWNED (Indicate % of your Ownership Interest)

Title in Name Of

Description	Date
and Location	Acquired

Original Cost

Present Value of Real Estate

Balance Due

Mortgage or Contract Payable

Payment	Rent Income	Net Cash Flow

Maturity

See Attached Itemization	TOTAL	$

TOTAL $

F. MORTGAGES AND CONTRACTS OWNED (Indicate % of your Ownership Interest)

Cont.

Mtg.

	Maker
Name	Address

Property Covered

Starting Date

Payment

Maturity

Balance Due

See Attached Itemization

TOTAL

G. PERSONAL PROPERTY (Indicate % of your Ownership Interest)

Description

Date When New

Cost When New

Value Today

Loans on Property

Balance Due

To Whom Payable

See Attached Itemization	TOTAL	$

H. NOTES, ACCOUNTS, BILLS AND CONTRACTS PAYABLE

Payable to	Other Obligors	When Due	Notes Due to	Notes Due “Others”	Accounts and Bills
Payable to	(if any)	When Due	Relatives and Friends	Not Banks	Accounts and Bills
	(if any)		Relatives and Friends	Not Banks

Contracts Payable

Collateral Payable

(if any)

See Attached Itemization	TOTAL	$

This information and the information provided on all accompanying financial statements and schedules are provided for the purpose of obtaining credit. You acknowledge that representations made in this Statement will be relied on by BECU in its decision to grant such credit. This Statement is true and correct in every detail and accurately represents your financial condition on the date given below. BECU is authorized to make all inquiries necessary to verify the accuracy of the information contained herein and to determine the creditworthiness of the undersigned. You will promptly notify BECU of any subsequent changes, which would affect the accuracy of this Statement. BECU is further authorized to answer any questions about Creditors experience with you. You are aware that any knowing or willful false statements regarding the value of the above property for purposes of influencing the actions of Creditors can be a violation of federal law 18 U.S. C. section 1014 and may result in fine, imprisonment or both. You also, authorize BECU to investigate your personal credit history as part of the above referenced Business Loan Application.

By signing below, you declare that you have read and understand the above statement.

SIGNATURE

DATE

If you are guaranteeing this credit jointly, both guarantors must initial the

box below.

We intend to jointly guarantee GUARANTOR INITIALS GUARANTOR INITIALS this credit

BECU 616 7/2012

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This PDF form requires some specific details; in order to ensure accuracy, please make sure to bear in mind the guidelines further down:

1. The creditworthiness involves certain details to be entered. Ensure that the following blank fields are filled out:

The right way to prepare itemization stage 1

2. The next stage would be to complete these blank fields: Mortgages and Contracts Owned, Personal Property, IRA and Tax Deferred Accounts, Other Assets Itemize, see attached itemization, Sched F, Sched G, Total Liabilities, TOTAL LONG TERM LIABILITIES, TOTAL ASSETS, TOTAL LIABILITIES AND NET WORTH, TOTAL LONG TERM ASSETS, Net Worth Total Assets Minus Total, ANNUAL INCOME, and ESTIMATE OF ANNUAL EXPENSES.

itemization completion process shown (step 2)

3. This third segment is considered relatively easy, See Attached Itemization, Cash on Hand, TOTALS, and BECU - all of these fields will have to be filled in here.

Best ways to fill out itemization stage 3

Be extremely attentive when completing Cash on Hand and BECU, as this is the section in which many people make mistakes.

4. Your next part requires your attention in the subsequent places: Company, Face of Policy, Cash Surrender, Value, Policy Loan from, Insurance Co, Other Loans Policy as, Collateral, Beneficiary, See Attached Itemization, C SECURITIES OWNED Including US, indicate those not registered in, Market Value US Gov Sec, TOTALS, and Description. Make certain you type in all of the requested info to move further.

Guidelines on how to fill in itemization step 4

5. To finish your document, the particular subsection requires some additional fields. Filling out See Attached Itemization, TOTAL, TOTAL, F MORTGAGES AND CONTRACTS OWNED, Cont, Mtg, Maker, Name, Address, See Attached Itemization, G PERSONAL PROPERTY Indicate of, Property Covered, Starting Date, Payment, and Maturity is going to finalize everything and you will be done in a short time!

The best way to prepare itemization portion 5

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Form Becu 616 – Fill Out and Use This PDF

Form Becu 616 PDF Details

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Form Becu 616 – Fill Out and Use This PDF

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