COMMERCIAL LOAN FINANCING NEEDS LIST

Lines of Credit
Letters of Credit
Commercial Real Estate "Permanent" Loans:

1. Three most recent years of business financial statements.
2. Three most recent years of business tax returns (including all K-1s).
3. Most current "year-to-date" business financial statement.
4. For lines of credit and letters of credit, current (within one month) listing of accounts receivable and accounts payable.
5. Current (within six months) personal financial statement.
6. Three most recent years of personal tax returns (including all K-1s).
7. Brief description of company or project and principals/senior management.
8. For commercial real estate, existing appraisal.
9. For commercial real estate "income" properties: current rent-roll, operating statements, and lease agreements.

Commercial Real Estate "Construction" Loans:

In addition to items 1-9 (above), the following items will be needed:

1. Copy of complete plans.
2. Copy of cost breakdown.
3. Copy of construction contract.
4. Title company settlement statement on land purchase.

Equipment "Term" Loans/Leases:

In addition to items 1-9 (above), the following items will be needed:

1. Complete description including serial number, purchase order, legal description, and special characteristics.
2. Location and estimated delivery date of equipment.