COMMERCIAL LOAN APPLICATION CHECKLIST

GENERAL DOCUMENTS:
  • Signed Commercial Loan Application (attached)
  • Business Debt Schedule (attached)
  • Personal Financial Statement for each guarantor (attached)
  • Real Estate Portfolio Details – Investment Properties (attached)
  • US Patriot Act Disclosure (attached)
  • IRS Form 4506T for the business and each guarantor (attached)
  • Primary Form of ID on borrowers
  • Last 3 years corporate tax returns, including K1 schedules.
  • Interim corporate financial statements dated through most recent quarter.
  • Last 3 years personal tax returns for each guarantor, including K1 schedules.
  • Last 2 months of corporate bank statements.
  • Last 2 months of personal bank statements for each guarantor.
  • Application Fee
ADDITIONAL DOCUMENTS:
Commercial Real Estate Loans
  • Purchase Agreement
  • Environmental Questionnaire
  • Copy of Lease Agreement(s)
  • Rent Roll and Operating Expenses
  • Construction Contract or Bid for leasehold improvements.

OR

Term Loans & Lines of Credit
  • Copy of Business License
  • Purchase Order (for new equipment)
  • Copies of contracts if revenues are generated mostly from contract related work.
  • Up to date aging schedule of accounts (Receivable & Payable)
  • Construction Contract or Bid for leasehold improvements.
SBA (SMALL BUSINESS ADMINISTRATION) DOCUMENTS:
  • DD214 if applying under Veteran’s Advantage Program.
  • SBA Form 1919
  • Business Plan if in operation less than 3 years.
  • Income Projections with justification
NOTE: Unless all of the designated information is supplied within 30 days from the date of the Commercial Loan Application, TRT Home Loans will consider the application withdrawn.
If you have any questions, please contact:
Commercial Lending 1800 493 7421 ; Info@arturoaleman.com
COMMERCIAL LOAN / LEASE REFERRAL

    TYPE OF LOAN / LEASE:

    Amount Requested:

    Purpose/Use of Funds:

    Collateral:

    COMPANY INFORMATION

    Business Name:

    DBA Name:

    Address:

    City:

    State:

    Zip:

    Country:

    Phone:

    Fax:

    Website:

    Legal Status:

    Tax I.D. Number:

    Date Bus. Established:

    Owner Since:

    # of Locations:

    # of Employees:

    Annual Net Income:

    OWNER(s) INFORMATION (for all owners with 20% or greater ownership interest)

    1) Name (First, MI, Last)

    Title (owner, etc.)

    % Ownership:

    Date of Birth:

    Place of Birth:

    Address:

    City:

    State:

    Zip:

    Driver’s License# :

    E-Mail:

    Monthly Salary:

    Social Security:

    Home Phone:

    Cellular Phone# :

    Are You a Member of this Credit Union?

    2) Name (First, MI, Last)

    Title (owner, etc.)

    % Ownership:

    Date of Birth:

    Place of Birth:

    Address:

    City:

    State:

    Zip:

    Driver’s License# :

    E-Mail:

    Monthly Salary:

    Social Security:

    Home Phone:

    Cellular Phone# :

    MISCELLANEOUS INFORMATION

    HAS THE BUSINESS OR ANY PRINCIPAL/OWNER EVER DECLARED BANKRUPTCY?

    IS THE BUSINESS OR ANY PRINCIPAL/OWNER A PARTY TO ANY LIEN OR LAWSUIT?

    ARE THERE ANY DELINQUENT STATE OR FEDERAL TAXES OWED BY THE BUSINESS?

    IS THE BUSINESS FOR SALE OR UNDER AGREEMENT THAT WOULD CHANGE THE OWNERSHIP OF THE BUSINESS?

    HAS THE BUSINESS CHANGED NAMES IN THE LAST 5 YEARS?

    HAS THE BUSINESS RELOCATED FROM ONE COUNTY TO ANOTHER IN THE PAST 5 YEARS?

    IF YOU ANSWERED YES TO ANY OF THE ABOVE QUESTIONS, PLEASE ATTACH DETAILS
    Required Signatures

    By signing below, you certify that, to the best of your knowledge and belief, all information contained on this application [and in the accompanying statements and documents] is true, and correct. You agree to notify TRT Home Loans immediately of any material changes in this application. You authorize TRT Home Loans or its assigns to contact any bank, business credit reporting and credit bureau agencies and associations it deems necessary without further notice to obtain credit information. You also authorize TRT Home Loans or its assigns to make inquiries to the Internal Revenue Service, and to provide information concerning Applicant's credit relationship to business credit reporting and credit bureau agencies and associations and other creditors. This application remains the sole property of TRT Home Loans whether or not the loan/lease is granted.

    Applicant/Guarantor Signature:

    Date:

    Title:

    Co-Applicant/Guarantor Signature (Required):

    Date:

    Title:

    Co-Applicant/Guarantor Signature (Required):

    Date:

    Title:

    Co-Applicant/Guarantor Signature (Required):

    Date:

    Title:

    For office use only

    Branch:

    Employee Name:

    E-mail:

      PERSONAL FINANCIAL STATEMENT AS OF , 2
      IMPORTANT: Read these directions before completing this Statement

      SECTION 1 - INDIVIDUAL INFORMATION (Type or Print)

      Name:
      SSN:
      DOB:
      Residence Address:
      City, State, Zip:
      Position or Occupation:
      Business Name:
      Business Address:
      City, State, Zip:
      Res. Phone:
      Bus. Phone:

      SECTION 2 - OTHER PARTY INFORMATION (Type or Print)

      Name:
      SSN:
      DOB:
      Residence Address:
      City, State, Zip:
      Position or Occupation:
      Business Name:
      Business Address:
      City, State, Zip:
      Res. Phone:
      Bus. Phone:

      SECTION 3 - STATEMENT OF FINANCIAL CONDITION (Complete all Pages)
      ASSETS
      $

      Cash on Hand In LFCU

      Deposits in Other Institutions

      Deposits in Other Institutions

      Notes and Accounts Due Me Collectible*

      Cash Value of Life Insurance

      Real Estate (Detail Schedule A)

      Partnerships (Detail Schedule E)

      Stocks, Bonds, Securitiy Accts (Detail in Schedule B)

      Vehicles (Make/Model/Year)

      Other Assets:

      LIABILITIES
      $

      Debts Owed to Banks (Detail in Schedule C)

      Debts and Accounts Owed to Others (Detail in Schedule D)

      Real Estate Mortgages (Detail in Schedule A)

      Taxes Accrued But Unpaid

      Taxes Paid Through:

      City & County: Year

      State: Year

      Federal: Year

      Other Liabilities:

      Total Liabilities

      Net Worth

      Total Liab & Net Worth

      * If over $1,000, itemize in provided Schedules or on Separate Schedules

      SOURCES OF INCOME FOR YEAR ENDED

      Salary, Bonuses, Commissions

      Dividends / Interest

      Real Estate Income

      Other Income

      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.

      Total

      CONTINGENT LIABILITIES

      Do you have any contingent liabilities?

      As endorser, co-maker or guarantor

      On leases or contracts?

      Legal Claims:

      Other Special Debt:

      Amount of Contested Income Tax Liens:

      PERSONAL INFORMATION

      Do you have a will?

      If so, provide name of executor.

      Are you a partner, owner or officer in any other venture?

      If so, describe.

      Are you obligated to pay alimony, child support, or separate maintenance payments?

      If so, describe.

      Are any assets pledged other than as described on schedules?

      If so, describe.

      Income tax settled through (date)

      Are you a defendant in any suits or legal actions?

      Personal Bank Accounts carried at:

      Have you ever been bankrupt?

      If so, when & Describe

      Real Estate Portfolio Details ‐ Investment Properties

        Business Name:

        Address
        Property Owner ‐ Percentage of Ownership
        Annual Rental Income
        Annual Property Expenses
        Monthly Mortgage Payment

        Signature:

        Date:

        US PATRIOT ACT DISCLOSURE
        Under Federal Regulation US Patriot Act, we are required to obtain the following information failure to provide this information can delay processing your request.

          Date:

          Account No. :

          Customer Name:

          Do you import?:

          From which countries?:

          Describe Products Imported:

          Do you export?

          To which countries?:

          Describe Products Exported:

          Do you use Letters of Credit?

          Could you mention the names of the Confirming / Advising credit union (s):

          Account Activity

          1. Expected average balance

          2. Wire Transfers?

          If “YES”,
          to which countries

          Annual amount expected to be wired to foreign countries: $

          Annual amount expected to be wired from foreign countries: $

          Average number of monthly drawings:

          On a regular basis will you purchase:

          Purpose of the the purchase:

          Source of Funds

          What is the origin of funds being deposited in the account and what percentage?

          1. % of payments from customers

          2. % of sale of corporate assets

          3. % of sale of personal assets

          4. % Other

          Completed by:

          Print Name:

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