Generic Commercial Loan Application Form PDF Details

In the complex landscape of commercial financing, the Generic Commercial Loan Application form serves as a cornerstone document for both borrowers and lenders, outlining the essential data required to assess a loan's viability. This form is meticulously designed to capture a broad spectrum of information, catering to two primary loan categories: Owner Occupied and Investment Property loans. For potential borrowers, it demands a detailed record of the business or property in question, including but not limited to, tax returns spanning the last three years, current financial statements, a comprehensive debt schedule, and personal financial backgrounds of the principals involved. Notably, the application extends beyond mere financial metrics to encompass resumes of key principals, thereby providing a holistic view of managerial competency. Additionally, the form touches upon potential additional documents such as appraisals and credit reports, which can further fortify the loan approval process. The application also delves into specifics regarding the loan request, detailing the type of loan sought, collateral on offer, and the purpose behind the loan, among other critical financial indicators. Significantly, the form incorporates sections dedicated to disclosure of any legal or financial adversities faced by the applicant, ensuring a transparent lender-borrower relationship. To complete the process, a series of certifications and signatures are required, affirming the accuracy of the information provided and authorizing the lender to conduct necessary credit inquiries. In essence, the Generic Commercial Loan Application form epitomizes the preparatory step for entering the commercial loan process, offering a structured format for presenting one's financial standing and intentions.

QuestionAnswer
Form NameGeneric Commercial Loan Application Form
Form Length9 pages
Fillable?No
Fillable fields0
Avg. time to fill out2 min 15 sec
Other namescommercial loan application form, generic loan application pdf, generic loan application form sample, generic commercial loan application

Form Preview Example

OWNER OCCUPIED LOAN CHECKLIST

1.General Information Form (attached or use your own)

2.Operating Company Tax Returns for Trailing Three Years

3.Current Interim Proit and Loss Statement And Balance Sheet of the Operating Company (within 60 days)

4.Business Debt Schedule (attached or use your own)

5.Complete Personal Tax Returns for Trailing Three Years for All Principals

6.Personal Financial Statement for All Principals (attached or use your own)

7.Resume for Key Principals (attached or use your own)

INVESTMENT PROPERTY LOAN CHECKLIST

1.General Information Form (attached or use your own)

2.Property Income and Expense Statement for Trailing Three Years

3.Current Interim Income and Expense Statement of the Property (Within 60 Days)

4.Property Rent Roll (attached or use your own)

5.Complete Personal Tax Returns for Trailing Three Years for All Principals

6.Personal Financial Statement for All Principals (attached or use your own)

7.Resume for Key Principals (attached or use your own)

If you have additional information that you can provide such as a property appraisal, environmental reports, property photos, current credit report(s), etc., please include as this will typically help with the approval process.

General Information Form

Loan Request Information (Please Complete All Information to Avoid Delays in Processing Your Application)

Application For:

Conventional Mortgage

Construction loan

Collateral Description:

1.

 

Purpose of Loan:

SBA

Source of Repayment:

Church Finance

Amount Requested: $

 

Term Requested:

 

Amortization Requested:

Market Value:

Purchase Price

Date of Purchase

$

$

 

2.

$

$

 

 

 

3.

$

$

 

 

 

 

A.

 

 

 

 

 

Applicant Information

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Legal Name of Applicant (Borrower)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

DBA (If Applicable)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Tax I.D. Number

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Principle Place of Business Address (not P.O. Box)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

City

 

 

State

 

 

 

 

 

 

 

County

 

 

 

 

Zip

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Mailing Address (if different)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

City

 

 

 

 

 

State

 

 

 

 

 

 

 

 

 

 

 

Zip

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Key Contact Name

 

 

 

 

 

 

 

 

 

 

 

Business Telephone Number

 

Business Fax Number

 

 

 

 

 

 

 

 

 

 

 

 

 

( )

 

 

 

 

 

 

( )

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Date Business Established

 

 

Current ownership (# of years)

 

 

 

 

State of Registration

 

 

 

 

Annual Sales

 

Net Profit-prev yr

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

$

 

 

$

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Describe applicant's product/service

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Number of Employees

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Type of Ownership (Select One)

General Partnership

 

 

Limited Partnership

 

Non Profit

 

E-Mail Address (By providing this information, I authorize The

 

Proprietorship

C-Corp.

S-Corp.

 

LLC

 

 

Professional Association

LLP

 

Bankers Group to send me information via e-mail)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Who does applicant currently do their business banking with?

 

 

 

 

 

Is applicant willing to move their banking relationship in conjunction with their loan?

 

 

 

 

 

 

 

 

 

 

 

 

 

 

YES

NO

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

B.

 

 

 

 

 

Owners Information

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Name

 

 

 

 

 

Social Security Number

 

 

%

 

 

 

 

 

Title

 

 

 

 

 

 

 

 

Ownership

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Key Contact Name and Phone Number

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

For more than four owners attach additional sheet(s).

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

C.

 

 

 

 

 

Loan Disclosures (Refinance)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Current lender

 

 

 

Rate

 

 

 

 

 

Start date

 

 

Monthly

 

Current balance

 

 

 

 

 

 

 

 

 

 

 

payment

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Property gross annual revenues

 

 

Annual expenses

 

 

 

 

 

Type of property

 

Number of

 

Estimated value

 

 

 

 

 

 

 

 

 

Tenants

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

D.

 

Loan Disclosures (Purchase)

 

 

 

 

 

 

 

 

 

 

 

Purchase price

Will purchaser occupy 51%

Type of property

Down payment

Estimated value

 

or more of the property

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Property gross annual

Annual expenses

 

Number of tenants

Is the property under contract

Anticipated settlement date

 

revenues

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

E.

Other Information

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Settlement agent name

 

 

Insurance Company Phone Number (

)

 

 

 

 

 

Settlement agent phone number

 

Insurance Company Fax Number

(

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Is the seller of the property willing to carry a second trust? (Purchase only)

 

Yes*

 

 

 

No

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Has The Applicant Ever Declared Bankruptcy Or Had Any Judgments, Repossessions,

 

Yes*

 

 

 

No

 

Garnishments Or Other Legal Proceeding Filed Against Them?

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Is the applicant currently under contract with any other mortgage brokers?

 

Yes*

 

 

 

No

 

 

 

 

 

 

 

 

 

 

Are Any Tax Obligations, Including Payroll or Real Estate Taxes, Past Due?

 

Yes*

 

 

 

No

 

 

 

 

 

 

 

 

 

 

Is The Applicant Liable On Debts Not Shown, Including Any Contingent Liabilities Such As Leases,

 

Yes*

 

 

 

No

Endorsements, Guarantees, Etc.?

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Is The Applicant Currently A Defendant In Any Suit Or Legal Action?

 

Yes*

 

 

 

No

 

*If you answered yes to any of the above questions, please provide an explanation on a separate sheet

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

F.

Certification And Signatures

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Each of the undersigned hereby instructs, consents and authorizes the Lender/Broker, or any affiliate, subsidiary or assigns to obtain a consumer credit report and any other information relating to their individual credit status in the following circumstances: (a) relating to the opening of an account or upon application for a loan or other product or service offered by Lender by a commercial entity of which the undersigned is a principal, member, guarantor or other party, (b) thereafter, periodically according to the Lender’s credit review and audit procedures, and (c) relating to Lender’s review or collection of a loan, account, or other Lender product or service made or extended to a commercial entity of which the undersigned is a principal, member, guarantor or other party. The Applicant(s), individually and/or by the signature(s) of its authorized representative below, hereby certifies that: the foregoing has been carefully read by the Applicant and is given to the Lender/Broker for the purpose of obtaining the credit described above and

other credit from time to time in whatever form; the information in this Application and any other documents or information submitted in connection with this Application or any other credit request are true and correct statements of the Applicant’s financial condition and may be treated by the bank as a continuing statement thereof until replaced by a new Application or until the Applicant specifically notifies Lender/Broker in writing of any change; and the credit requested herein and any other credit obtained from

the Lender/Broker by the Applicant on the basis of the information contained in this Application shall be used solely for business and commercial purposes. The Applicant and each Guarantor authorize the Lender/Broker to verify at an time any information submitted to the Lender/Broker by or on behalf of the Applicant and/or any Guarantor; obtain further information concerning the credit standing of the Applicant, its representatives and Guarantors; and exchange such credit information with others. The Applicant agrees to provide additional information, financial or otherwise, upon request and agrees that, unless otherwise directed by the Applicant in writing, all statements and notices regarding any credit granted by the Lender/Broker to the Applicant shall be mailed or faxed to the Applicant at the address or number shown above. Any person(s) signing below is duly authorized and empowered to request credit on behalf of the Applicant.

Unless I/We initial here, the Lender/Broker is hereby authorized to share this application and credit information with its affiliates or other lenders, which may consider my/our application for loan approval/purchase. This statement does not limit the Lender/Broker's rights to sell or assign any loans to a third party.

Applicant and each Guarantor initials: _______________

Signature (Applicant)

Title

Print Name

Date

Signature (Guarantor)

Print Name

Date

Signature (Guarantor)

Print Name

Date

BUSINESS DEBT SCHEDULE

Furnish the following information on all installment debts, contracts, notes, and mortgages payable. Do not include accounts payable or accrued liabilities.

Business Name:_________________________________________________________________

*As of_____________, 20____

*Should match the inancial statement to be submitted.

 

 

 

 

 

 

 

 

 

 

 

Creditor

Original

Original

Present

 

Interest

Maturity

 

Monthly

Security

Current or

Name/address

amount

date

balance

 

rate

date

 

payment

delinquent

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total present

 

 

 

Total monthly

 

 

 

 

 

balance**

 

 

 

payment

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

**Total must agree with balance shown on current inancial statement

Signature:_________________________________________________________

Title:______________________________________

Date Signed:___________________________

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