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Basic Loan Application Requirements
Tab 1
- Describe amount and purpose of loan
- Project dollar amounts required (sources and uses)
- Primary source of repayment
Tab 2
- History and nature of business
- Ownership structure
- Key management personnel and experience
- Products
- Competition
- Market area
- Main customers
- Main suppliers (Contact, Phone #)
- Union relationships
- Description of plant and facilities
- Employment Impact Statement (Current and 3 year projection)
- List of professional advisors (legal, accounting, banking)
Tab 3
- Latest 3years financial statements
- Latest 3 years tax returns
- Interim financial statements of all stockholders
- Personal financial statements of all stockholders (holding 20% or more of common stock in applicant)
- Credit Authorization Letter (Complete sample on back)
Tab 4
- Three years projected year-end profit and loss statement
- Pro forma balance sheet - after financing
- 3 years projected year-end balance sheets
- Other financial information as deemed necessary
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