Suntrust Marine Loan Application Form PDF Details

Navigating the intricacies of securing a marine loan can be a complex process, requiring a detailed understanding of the various elements that form part of the application procedure. The Suntrust Marine Loan Application form serves as a comprehensive tool designed to gather all necessary information from prospective borrowers seeking to finance the purchase or refinance of a vessel. This elaborate form covers a broad scope of data, starting with basic loan request details such as the term, rate, selling price, and down payment, extending to the specifics of the vessel including its usage, type of engine, and manufacturer details. Applicants are expected to provide personal information, employment history, financial obligations, income sources, and a detailed personal financial statement if the loan exceeds $25,000. For joint applications, similar data must be provided for the co-applicant. Furthermore, the form mandates disclosure of current obligations, reinforcing the importance of transparency in evaluating one’s ability to repay the loan. It emphasizes the necessity of including information about income that may not traditionally form part of a credit application, like alimony or child support, only if the applicant wishes for it to be considered. The submission of this form indicates the applicants’ consent for credit inquiries, verification of provided information as per federal legislation, and the authorization to share credit information where legally permissible. This meticulously structured form encapsulates every facet essential for the assessment of a marine loan application, illustrating Suntrust’s commitment to due diligence in credit approval processes.

QuestionAnswer
Form NameSuntrust Marine Loan Application Form
Form Length2 pages
Fillable?No
Fillable fields0
Avg. time to fill out30 sec
Other namesSolomons, suntrust personal financial statement, Pmt, Accts

Form Preview Example

Marine Loan Application

For Bank Use Only

 

 

 

 

 

Bank # 02

Branch # 825

RU # 7048

Branch Contact

 

 

 

 

 

 

 

 

Employee #

 

Network #

Co-Applicant For:

 

 

 

 

 

 

 

 

 

Walk-In Mail-In Telephone

App ID #

Section A-Please Tell Us About Your Loan Request

I (We) hereby make application for a loan for the

 

 

 

Term

 

 

Rate

 

Selling Price

Cash Down Payment

 

Vessel Usage

Charter

 

 

Engines

 

purchase or

refinance of $

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

$

 

 

$

 

 

 

 

 

 

 

 

Pleasure

 

Live Aboard

 

 

 

 

Single

Twin

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Gas

Diesel

Seller’s Name and Address

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Phone

 

 

 

 

 

 

 

Dealer

 

Broker

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Individual

 

 

 

 

 

 

Horsepower:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

New

Length

 

Manufacturer

 

 

 

 

 

Year

 

 

 

Model/Type

 

 

 

 

 

 

 

 

 

 

Metal

 

Wood

 

 

Manufacturer:

 

Used

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Fiberglass

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Hull Identification Number (HIN)

 

Official Number (USCG)

 

 

 

 

 

 

State Registration Number

 

Individual – I am applying for an individual account in my own name, and am relying on my own

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

income and assets, and not the income or assets of another person, as the basis for repayment of

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

the credit requested.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Description of Trade-In

 

 

 

 

 

 

 

 

Trade-In

 

 

 

 

Joint – We are applying for joint credit, and are

 

Engines

 

 

 

 

Horsepower:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

$

 

 

 

 

 

 

 

 

 

 

relying on our joint income and assets as the basis

 

Single

 

 

Twin

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

for repayment for the credit requested.

 

 

Gas

 

 

Diesel

 

Length

Manufacturer

 

 

 

 

 

 

 

 

Year

 

Model/Type

 

 

 

 

 

 

 

 

Metal

 

Wood

 

 

Manufacturer:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Fiberglass

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Section B-Please Tell Us About Yourself

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Corp, LLC Name

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

TIN/EIN:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

First Name

 

 

 

 

 

 

 

 

Initial

 

 

 

Last Name

 

 

 

 

 

 

 

 

 

 

Date of Birth

 

 

 

 

 

 

Social Security Number

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Home Address

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

City

 

 

 

 

 

 

 

 

 

 

 

 

State

 

 

 

 

Zip Code

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Home Phone

 

 

 

 

 

Business Phone

 

 

 

 

 

Number Of Dependents

 

Place of Birth

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Are you a U.S. Citizen?

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Yes

No

 

Rent

 

Lives

 

 

Mthly Rent/Mtg Pmt

Landlord/Mortgagor

 

 

 

Yrs/Mths There

 

Year Purchased

 

Purchase Price

 

 

Second Mtg. Balance

 

 

 

$

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Yrs

Mths

 

 

 

 

 

 

 

 

$

 

 

 

 

 

$

 

 

 

Own/Buying

W/Others

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Previous Address (if less than two years at above)

 

 

 

 

 

 

 

 

 

 

 

City

 

 

 

 

 

 

 

 

State

 

 

 

 

 

 

Zip Code

 

 

 

 

Yrs/Mths There

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Yrs

Mths

Name and Address of Employer *

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Position/Occupation

 

 

 

 

 

Yrs/Mths There

 

Gross Annual Salary

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Yrs

 

Mths

 

$

 

 

 

 

Name and Address of Previous Employer * (if less than two years at current employment)

 

 

 

 

 

 

 

 

 

 

Position/Occupation

 

 

 

 

Yrs/Mths There

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Yrs

Mths

Checking Account

 

Bank

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Savings Account

Bank

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Yes

No

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Yes

 

No

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Note: You do not have to include information about income from alimony, child support, or separate maintenance

 

Source Of Other Income

 

 

 

 

 

 

 

Annual Amount

payments, unless you want us to consider this income in connection with this application for credit.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

$

 

 

 

Name and Address of Closest Relative Not Living At Your Address

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Relationship

 

 

 

 

 

Home Phone

 

*If you are self-employed, on commission, or a substantial portion of your income is from a source other than salary, please attach a copy of your last two years’ federal tax returns.

Section C-Please Tell Us About Your Co-Applicant (If you are applying for an individual account, go to Section D)

First Name

 

 

 

Initial

Last Name

 

 

 

 

 

Date of Birth

 

 

Social Security Number

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Home Address

 

 

 

 

 

 

City

 

 

 

 

 

 

 

State

 

 

 

Zip Code

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Home Phone

 

Business Phone

 

Number Of Dependents

 

Place of Birth

 

 

 

 

 

Are you a U.S. Citizen?

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Yes

 

No

Name and Address of Employer *

 

 

 

 

Position/Occupation

Yrs/Mths There

Gross Annual Salary

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Yrs Mths

$

 

 

 

Checking Account

Bank

 

 

 

Savings Account

 

Bank

 

 

 

 

 

 

 

Yes

No

 

 

 

 

 

 

Yes

 

No

 

 

 

 

 

 

 

 

 

 

Note: You do not have to include information about income from alimony, child support, or separate maintenance

 

Source Of Other Income

 

 

 

 

Annual Amount

payments, unless you want us to consider this income in connection with this application for credit.

 

 

 

 

 

 

 

 

 

 

 

$

 

 

*If you are self-employed, on commission, or a substantial portion of your income is from a source other than

salary, please attach a copy of your last two years’

federal tax returns.

Section D-Please Tell Us About Your Financial Obligations

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

List all your current obligations, including banks, finance co., dept. stores, credit cards, leases, unpaid taxes, alimony, and child support, etc.

 

 

A Personal Financial Statement is required on all Marine Loans of $25,000 or more.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Creditor

 

 

 

 

 

 

 

 

Account Number

 

 

Current

 

 

Monthly Payment

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Outstanding Balance/

 

(or other term)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Date Paid Off

 

 

 

 

Auto Make

 

 

Year/Model

 

Where Financed

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

$

 

 

 

$

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

$

 

 

 

$

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

$

 

 

 

$

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

$

 

 

 

$

 

 

In compliance with recent federal legislation, we will be verifying pertinent information which will enable us to confirm your identity.

 

 

 

 

 

 

 

A copy of your tax return, W2, or earnings statement must be submitted prior to your settlement date for income verification.

I/We authorize the Creditor to make whatever credit inquiries it deems necessary in connection with this credit application or in the course of review or collection of any credit extended in reliance on this application. I/We authorize and instruct any person, including but not limited to, all local, state, or federal governmental agencies, or consumer reporting agencies, to complete and furnish the Creditor any information that it may have or obtain in response to such credit inquiries and agree that such information, along with this application, shall remain the Creditor’s property whether or not credit is extended. I/We authorize the Creditor to furnish credit information, including insurance information, to persons who may lawfully receive and use such information.

Referral: Unless I/we initial here, SunTrust Bank 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 SunTrust's right to sell or assign any loans to a third party. Applicant/Co-Applicant initials___________________.

I/We certify that the information provided in this application is being given for the purpose of obtaining the credit described above and is true and correct as of this date.

 

Applicant’s Signature

Date

Applicant’s Signature

Date

Please give this completed application to your SunTrust Bank Representative or mail to: SunTrust Bank, Attn: Marine Lending Department, CMD 7905, 147 Old Solomons Island Road, 5th Floor, Annapolis, MD 21401 Phone 1-(800) 797-BOAT, Fax 1-410-224-6081

630195 (HD 06/04)

Section E-Please Provide Your Personal Financial Statement as of (date)

Important: Check box “J” if assets or liabilities are owned jointly or owed jointly.

Assets

 

Amount

J

Cash on Hand, in Checking and in Savings (Sched 1)

$

 

 

 

 

 

Retirement Accts (IRA, SEP, 401K, etc.) (Schedule 1)

$

 

 

 

 

 

 

Accounts Receivable - Good

 

$

 

 

 

 

 

 

Notes Receivable - Good

 

$

 

 

 

 

 

Stocks, Bonds and Mutual Funds (Schedule 2)

$

 

 

 

 

 

 

Cash Value Life Insurance (Schedule 3)

 

$

 

 

 

 

 

 

Automobiles (Number Owned

 

)

$

 

 

 

 

 

 

 

 

Real Estate (Schedule 4)

 

$

 

 

 

 

 

 

Interest in Business Owned

 

$

 

 

 

 

 

 

Boat Presently Owned

 

$

 

 

 

 

 

 

Deposit on Boat Being Purchased

 

$

 

 

 

 

 

 

Other Assets 1.

 

$

 

 

 

 

 

 

2.

 

 

$

 

 

 

 

 

 

3.

 

 

$

 

 

 

 

 

 

4.

 

 

$

 

 

 

 

 

 

5.

 

 

$

 

 

 

 

 

 

Total Assets

 

$

 

 

 

 

 

 

Liabilities

Amount

J

Notes Payable to Banks (Section D)

$

 

 

 

 

Notes Payable to Others

$

 

 

 

 

Loans Against Life Insurance

$

 

 

 

 

Accounts Payable 1.

$

 

 

 

 

2.

$

 

 

 

 

3.

$

 

 

 

 

4.

$

 

 

 

 

5.

$

 

 

 

 

Loans Payable on Automobiles

$

 

 

 

 

Loans Against Real Estate (Schedule 4)

$

 

 

 

 

Other Liabilities 1.

$

 

 

 

 

2.

$

 

 

 

 

3.

$

 

 

 

 

4.

$

 

 

 

 

5.

$

 

 

 

 

Total Liabilities

$

 

 

 

 

Net Worth (Total Assets minus Total Liabilities)

$

 

 

 

 

Please use the space below or a separate sheet if you need additional space.

Schedule 1 – Banks Where Accounts Are Maintained (Show joint accounts by checking Box “J”)

Name of Depository

Name of Joint Owner

Balance on

 

 

Deposit

 

 

 

J

Account

Type

J

Account Number

Schedule 2 – Stocks, Bonds and Mutual Funds

Describe and show number of shares or face value

Title in Name of

Current Market Value

Pledged?

Schedule 3 – Life Insurance

Name of Insurance Company

Name of Insured

Face Amount

Cash Value

Schedule 4 – Real Estate

Description and Location

Title in Name of

Market Value

Amount Owed

Monthly Payment

Payable to Whom

Monthly Rental

Income

Have either of you ever declared bankruptcy or had any judgments, repossessions or other legal proceedings filed against you?

Yes

No

 

 

 

 

Have either of you obtained credit under any other name?

Yes

No If yes, what name?

 

 

 

 

 

 

 

 

 

Are either of you obligated to make monthly alimony, child support or maintenance payments?

Yes

No If yes, show amount.

 

 

 

 

 

 

 

Are you a co-maker, endorser, or guarantor on any loan?

Yes

No Are you liable on debts not shown such as leases or unpaid taxes?

Yes

No If yes to either of these questions, please

provide details.

 

 

 

 

 

 

 

 

 

 

 

Please Use This Space For Any Additional Information:

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