Commercial Loan Checklist Template

Business tax returns on the sellers business for prior three years and cpa prepared financial statements where possible.

Commercial loan checklist template. Using an sba business plan template can simplify the task of creating a business plan for your business. Now that your business is ready to apply for a commercial loan at clarkston state bank please take a moment to go over the following checklist and bring this information with you when you meet with one of our the lenders. Commercial loan package checklist. Download the template using the link below and open it in excel.

For instance if youre looking for a business line of credit your commercial loan documentation checklist will be much shorter than that of an. Mid cities credit union borrower companys year end financial statements balance sheet and profit and loss statement for the past. The commercial loan document checklist is a good way to prepare all of the documentation you will need to apply for a loan. Signed commercial loan application attached o.

Personal financial statement for each guarantor attached o. How to use the commercial loan checklist. Business loan agreement l promissory note if applicable l developer loc security agreement l. To assist you weve defined the key components that should be included in your sba business plan.

Commercial loan checklist please provide us with the following information so we may process your loan request. One thing is a given. First open the commercial loan checklist template available free on this page and save as a new. Use this checklist to keep track of your loan package and assure a timely and smooth submission.

Business debt schedule attached o. Fidelity funding corp concerning the subject property not later than three 3 business days prior to closing your loan transaction. Real estate portfolio details investment properties attached o. If you do not receive a copy of the appraisal report three 3 business days prior to closing you will be required to postpone your closing for three 3 business days from the date you received the appraisal.

And any business loan agreement. Commercial loan documentation checklist basics. Complete the commercial loan checklist and arrive with the information a lender will need at the outset demonstrating your business acumen and increasing the likelihood you have a positive transaction. The commercial loan documentation required across types of loan products will vary according to what youre seeking.

By bringing your complete loan package of information you will ensure the fastest service and best loan structuring for your particular situation.