application checklist business loan · l:\admin\commercial real estate application package\word...

$: APPLICATION CHECKLIST BUSINESS LOAN · L:\Admin\Commercial Real Estate Application Package\Word Docs\Application Checklist C&1 041814.doc APPLICATION CHECKLIST BUSINESS LOAN This$
L:\Admin\Commercial Real Estate Application Package\Word Docs\Application Checklist C&1 041814.doc

APPLICATION CHECKLIST BUSINESS LOAN

This Checklist has been provided to help you gather information to include with your application.

Your Loan Officer will help you determine the information you need to provide and answer any questions you may have.

Please return the following completed and signed Application forms to your Loan Officer.

Business Loan Application Personal Financial Statement (for each individual Borrower, Co-Borrower, Owner and Guarantor)

New Deposit Account Business Information Form New Deposit Account Signer Information Form

The following items must also be returned with the Application forms as applicable:

Corporations, LLC’s and Partnerships – Please Provide the Following: Three years of Business Federal Tax Returns or accountant prepared Business Financial Statements including

all schedules – signed and dated – if business owners are a partner/officer in any other venture, please provide those Financial Statements as well

Most recent interim Financial Statements (if company prepares interim statements) – signed and dated

Certificate of Incorporation (Articles of Organization and Operating Agreement for LLC/LLP)

Partnership Agreements (Partnerships)

Copy of Driver’s License (For all owners/Guarantors)

Trade Name Certificate (Sole Proprietor, DBA)

Application Fee (if applicable)

Other Information:

Copy of Purchase Order, Invoice or Estimate (if purchasing equipment or vehicle)

Accounts Receivable and Accounts Payable Agings (Quarterly/Monthly)

Inventory Schedules (Quarterly/Monthly)

Business Plan

Other

IN THE COURSE OF THE LENDER’S ANALYSIS, IF THE LENDER DETERMINES THAT ADDITIONAL INFORMATION IS NECESSARY TO GIVE PROPER CONSIDERATION TO THE REQUEST, THE LENDER WILL CONTACT YOU PROMPTLY. IF THE REQUESTED INFORMATION IS NOT RECEIVED WITHIN 30 DAYS, YOU WILL BE REQURED TO SUBMIT A NEW APPLICATION.

Thank you for applying with The First Bank of Greenwich.

SCHEDULE OF REAL ESTATE OWNED

BORROWER: __________________________ DATE: __________________

1

2

3

4

5

6

7

8

9

10

11

12

Total

No. Property AddressBuilding

TypeOwnership

(%)Occupancy

(%) RevenueMortgage Payment Term

Interest Rate

Maturity Date

Building Size (Units & S/F)

Legal Owner (of Title)

Mortgage Balance

Taxes & Expenses

Net Operating Income

L:\Admin\Application Packages\Word Docs\Schedule of Real Estate Owned

L:\Admin\Application Packages\Word Docs\Business Information Form.doc

New Deposit Account Business Information Form Business Name _______________________________________________ Tax Identification Number ______________________________________ Date Established ______________________________________________ Address _____________________________________________________ City _____________________________State ______ Zip _____________ Phone __________________________ Fax _________________________ Website/Email Address _________________________________________ Type of Business ______________________________________________ Purpose of Account ____________________________________________ Market Area __________________________________________________ Anticipated Monthly Account Activity: Cash Transactions “In” Range: $ ______________ to $ ______________ Cash Transactions “Out” Range: $ ______________ to $ ______________ Average Deposit Amount Range: $ ______________ to $ ______________ Average Check Amount Range: $ ______________ to $ ______________ Average ACH Transactions “In” Range: $ ______________ to $ ______________ Average ACH Transactions “Out” Range: $ ______________ to $ ______________ Average Domestic Wire “In” Range: $ ______________ to $ ______________ Average Domestic Wire “Out” Range: $ ______________ to $ ______________ Average Foreign Wire “In” Range: $ ______________ to $ ______________ Average Foreign Wire “Out” Range: $ ______________ to $ ______________ For Foreign Wires; List Countries _________________________________________

L:\Admin\Application Packages\Word Docs\Signer Info Form Rev.doc

New Deposit Account Signer Information Form

In order to comply with Government Regulations including The USA PATRIOT Act, the Bank is asking that all the information below be completed by each signer on the account. Thank you for your cooperation in this matter and the information provided will be kept CONFIDENTIAL. Name: _______________________________________ Social Security #: _______________________________________ Date of Birth: _______________________________________ Mother’s Maiden Name: _______________________________________ Birth City: _______________________________________ Home Address: _______________________________________ (can not be a PO Box) _______________________________________ Number of Years at Address: _______________________________________ Mailing Address: _______________________________________ (PO Box/Special Instructions) _______________________________________ E-Mail Address: _______________________________________ Phone Numbers: Home Phone #: _______________________________________ Business Phone #: _______________________________________ Cell Phone #: _______________________________________ Employment Information: Employer: _______________________________________ Employer address: _______________________________________ _______________________________________ Occupation/Title: _______________________________________ Nature of Business: _______________________________________ Identification (kindly provide a photocopy): Acceptable forms of ID include a Drivers License, US Passport, or US Military ID Card, NON-drivers license. Type of ID – State/Country: _______________________________________ ID #: _______________________________________ Date of Issuance: _______________________________________ Date of Expiration: _______________________________________ Received by ___________________________________ Date__________________

Agricultural/Business Loan REGULATION B – Notice of Intent to Apply for Joint Credit

APPLICANT NAME:

Regulation B and the Equal Credit Opportunity Act requires that a lender obtain evidence of each loan applicant’s intent to apply for joint credit. This applies to individual borrowers and guarantors. Please acknowledge intent below. We intend to apply jointly for the obligations of the borrowing entity listed above. Our income and assets will be relied upon as a basis for repayment of the loan request or guaranty.

________________________________________ ________________________________________________________ Print Name Signature


________________________________________ ________________________________________________________

Print Name Signature




For Bank use only:

APPLICATION ID#: APPLICATION DATE:

LIST LOAN NUMBER(S) ASSOCIATED WITH APPLICATION:

31 CFR § 1010.230 CERTIFICATION REGARDING BENEFICIAL OWNERS OF LEGAL ENTITY CUSTOMERS

I. GENERALINSTRUCTIONSThis is an optional form provided for your convenience. The required information may be provided in other formats. Whencompleted, this form is provided to the financial institution where the account is opened. DO NOT SEND TO FinCEN.

Where may I obtain a copy of the form?

A copy (pdf) may be downloaded from the FinCEN website at www.fincen.gov under the “Filing Information” tab. The form may be completed on a computer using the free Adobe Reader software.

What is this form?

To help the government fight financial crime, Federal regulation requires certain financial institutions to obtain, verify, andrecord information about the beneficial owners of legal entity customers. Legal entities can be abused to disguiseinvolvement in terrorist financing, money laundering, tax evasion, corruption, fraud, and other financial crimes. Requiringthe disclosure of key individuals who own or control a legal entity (i.e., the beneficial owners) helps law enforcementinvestigate and prosecute these crimes.

Who has to complete this form?

This form must be completed by any person opening a new account on behalf of a legal entity with any of the following U.S. financial institutions: (i) a bank or credit union; (ii) a broker or dealer in securities; (iii) a mutual fund; (iv) a futures commission merchant; and (v) an introducing broker in commodities.

For the purposes of this form, a legal entity includes a corporation, limited liability company, or other entity that is created bya filing of a public document with a Secretary of State or similar office, a general partnership, and any similar business entityformed in the United States or a foreign country. Legal entity does not include sole proprietorships, unincorporated associa-tions, or natural persons opening accounts on their own behalf.

What information do I have to provide?

When you open a new account on behalf of a legal entity, the financial institution will ask for information about the legal entity’s beneficial owner(s), including their name, address, date of birth and social security number (or passport number or other similar information, in the case of Non-U.S. persons). The financial institution may also ask to see a copy of a driver’s license or other identifying document for each beneficial owner listed on this form.

Beneficial owners are:(1) Each individual, if any, who owns, directly or indirectly, 25 percent or more of the equity interests of

the legal entity customer (e.g., each natural person that owns 25 percent or more of the shares of acorporation; and

(2)An individual with significant responsibility for managing the legal entity customer (e.g., a ChiefExecutive Officer, Chief Financial Officer, Chief Operating Officer, Managing Member, General Partner,President, Vice President, or Treasurer).

The number of individuals that satisfy this definition of “beneficial owner” may vary. Under section (1), depending on thefactual circumstances, up to four individuals (but as few as zero) may need to be identified. Regardless of the number ofindividuals identified under section (1), you must provide the identifying information of one individual under section (2). It ispossible that in some circumstances the same individual might be identified under both sections (e.g., the President of Acme,Inc. who also holds a 30% equity interest). Thus, a completed form will contain the identifying information of at least oneindividual (under section (2)), and up to five individuals (i.e., one individual under section (2) and four 25 percent equityholders under section (1))

a legal entity may have multiple “beneficial owners,” this form requires you to list only those that own 25% or more (upto five) under each of the two prongs of the definition above. If appropriate, the same individuals may be listed underboth prongs.

Rev. 6.6 Aug. 2017

CERTIFICATION OF BENEFICIAL OWNER(S)The information contained in this Certification is sought pursuant to Section 1020.230

of Title 31 of the United States Code of Federal Regulations (31 CFR 1020.230).All persons opening an account on behalf of a legal entity must provide the following information:

1. Last Name and title of Natural Person Opening Account 2. First Name 3. Middle Initial

4. Name and type of Legal Entity for Which the Account is Being Opened

Please provide the following information for an individual(s), if any, who, directly or indirectly, through any contractarrangement, understanding, relationship, or otherwise owns 25% or more of the equity interests of the legal entity listedabove. Check here if no individual meets this definition and complete Section II.

5. Last Name 6. First Name 7. M.I. 8. Date of birth

(MM/DD/YYYY)

9. Address 10. City 11. State 12. ZIP/Postal Code

13. Country 14. SSN (U.S. Persons) 15. For Non-U.S. persons

Note: In lieu of a passport number, Non-U.S. Persons may also provide a Social Security Number, an alien identification card number, or numberand country of issuance of any other government-issued document evidencing nationality or residence and bearing a photograph or similarsafeguard.

Please provide the following information for an individual with significant responsibility for managing or directing theentity, including, an executive officer or senior manager (e.g., Chief Executive Officer, Chief Financial Officer, ChiefOperating Officer, Managing Member, General Partner, President, Vice President, Treasurer); or Any other individualwho regularly performs similar functions.

I, __________________________ (name of person opening account), hereby certify, to the best of my knowledge, that the information provided above is complete and correct.

I, ___________________________(name of person opening account), agree it is the Legal Entities responsibility to notify the Bank if any of the above information provided changes.

Signature: Date:

SECTION II

SECTION I(To add additional individuals, see page 3)

(SSN, Passport Number or other similar identification number)

15a. Country of issuance:

16. Last Name 17. First Name 18. M.I. 19. Date of birth

(MM/DD/YYYY)






4a. Legal Entity Address 4b. City 4c. State 4d. ZIP/Postal Code

(MM/DD/YYYY)

New Account: Existing Account: Responsible Employee: _______________________

Additional Section 1 - Second Beneficial Owner (If required)

Please provide the following information for an individual(s), if any, who, directly or indirectly, through any contractarrangement, understanding, relationship, or otherwise owns 25% or more of the equity interests of the legal entity listedabove.5. Last Name 6. First Name 7. M.I. 8. Date of birth

(MM/DD/YYYY)







(MM/DD/YYYY)


13. Country 14. SSN (U.S. Persons) 15. For Non-U.S.persons (SSN, Passport Number or other similar identification number)



(MM/DD/YYYY)


13. Country 14. SSN (U.S. Persons) 15. For Non-U.S. persons (SSN, Passport Number or other similar identification number)


Additional Section 1 - Third Beneficial Owner (If required)

Additional Section 1 - Fourth Beneficial Owner (If required)

Rev. 6.7 Sept., 2017


Rev. 10/2010

FACTS WHAT DOES THE FIRST BANK OF GREENWICH DO WITH YOUR PERSONAL INFORMATION

Why? Financial companies choose how they share your personal information. Federal law gives consumers the right to limit some but not all sharing. Federal law also requires us to tell you how we collect, share, and protect your personal information. Please read this notice carefully to understand what we do.

What? The types of personal information we collect and share depend on the product or service you have with us. This information can include:

• Social Security number and Account balances • Account transactions and Credit history • Payment history and Transaction or loss history

When you are no longer our customer, we continue to share your information as described in this notice.

How? All financial companies need to share customers' personal information to run their everyday business. In the section below, we list the reasons financial companies can share their customers' personal information; the reasons The First Bank of Greenwich chooses to share; and whether you can limit this sharing.

Reasons we can share your personal information Does The First Bank of Greenwich Share?

Can you limit this sharing?

For our everyday business purposes such as to process your transactions, maintain your account(s), respond to court orders and legal investigations, or report to credit bureaus

Yes No

For our marketing purposes to offer our products and services to you

Yes No

For joint marketing with other financial companies No We don't share For our affiliates' everyday business purposes information about your transactions and experiences

No We don't share

For our affiliates' everyday business purposes information about your creditworthiness

No We don't share

For nonaffiliates to market to you No We don't share What we do How does The First Bank of Greenwich protect my personal information?

To protect your personal information from unauthorized access and use, we use security measures that comply with federal law. These measures include computer safeguards and secured files and buildings.

We also maintain other physical, electronic and procedural safeguards to protect this information and we limit access to customer information to those employees for whom that information is appropriate.

How does The First Bank of Greenwich collect my personal information?

We collect your personal information, for example, when you:

• apply for a loan or deposit money • open an account or pay your bills • use your credit or debit card

Why can't I limit all sharing?

Federal law gives you the right to limit only:

• sharing for affiliates' everyday business purposes - information about your creditworthiness

• affiliates from using your information to market to you • sharing for nonaffiliates to market to you

PAGE 2

Definitions Affiliates Companies related by common ownership or control. They can be financial and

nonfinancial companies.

• The First Bank of Greenwich has no affiliates. Nonaffiliates Companies not related by common ownership or control. They can be financial and

nonfinancial companies.

• The First Bank of Greenwich does not share with nonaffiliates so they can market to you.

Joint marketing A formal agreement between nonaffiliated financial companies that together market financial products or services to you.

• The First Bank of Greenwich does not jointly market. Other important information Please notify us if we report any inaccurate information about your account(s) to a consumer reporting agency. Your written notice describing the specifics of any inaccuracies should be sent to us at the following address: The First Bank of Greenwich, 444 East Putnam Avenue, Cos Cob, CT 06807. Questions? Call (203) 629-8400 or go to www.greenwichfirst.com

application checklist business loan · l:\admin\commercial real estate application package\word...

Documents