business loan application checklist - california … loan application checklist ... visa business...

Business Loan Application Checklist

APPLICATION

California Bank & Trust Business Loan Application

BUSINESS INFORMATION

Business Debt Schedule

Fiscal Year End Financial Statement (3 years, if available)

Federal Tax Return; schedules, statements, K-1’s (3 years)

Interim Financial Statement (no older than 60 days)

Accounts Receivable and Accounts Payable Agings

(same date as business interim financial statement)

Last three (3) months of business checking statements

Lease or Rental Agreement on existing business location

AFFILIATE INFORMATION (AS APPLICABLE)


Fiscal Year End Financial Statement (3 years, if available)

Federal Tax Return; schedules, statements, K-1s (3 years)

Interim Financial Statement (no older than 60 days)

Description of Business Operation

LEGAL ENTITY DOCUMENTATION

Articles of Incorporation

Partnership Agreement

Articles of Organization

Fictitious Business Name Statement

PRINCIPAL / GUARANTOR INFORMATION

(For those with a 20% or more ownership interest

in the business)

Personal Financial Statement, less than 60 days old

Federal Tax Return (3 years); all schedules, statements,

K-1s, and W-2s (needed for outside income)

BUSINESS ACQUISITION / STOCK BUYOUT

Purchase Agreement with asset allocation

Business Plan

Business Income Projections with Assumptions

Seller Tax Returns (3 years)

Interim Business Financial Statement (no older than 60 days)

REAL ESTATE LOAN

Preliminary Title Report

Environmental Questionnaire, and any prior

Environmental Reports

Owner Occupancy: %

Copies of all Tenant Leases, if applicable

For Purchase:

Property Description (include sq. ft.)

Purchase Agreement with counter offers

For Refinance:

Copy of Note(s) to be refinanced

For Construction / Improvements:

Description of Project (include sq. ft.)

Contractor’s Estimate / Bid or Contract

Plans & Specs

For Investor Property:

Operating Statement for the property (3 years)

Tenant Rent Roll

Financial Information for Tenants that occupy >20%

SBA LOAN

Franchise Agreement, if applicable

IRS / SBA Form 4506T, to verify tax information

By-Laws, for 7(a) loans only

Please provide the following information to complete your loan application.

Thank you for your loan application.

© California Bank & Trust 2005 CDBG 101 9/05 of 1SBA Preferred Lender

BUSINESS APPLICANT INFORMATION

Applicant Name Business Phone Business Fax

Company Name (EXACT legal name) Doing Business As (If applicable) Number of Employees

Taxpayer ID Number Annual Sales ($000s) Date Business Established Under Current Ownership (Years) Website

Business Location Monthly Rental Payment Years Remaining on Lease Renewal Option� Yes

Do You: � Own � Lease � No

Business Street Address City County State ZIP Code

Billing Address (If different from above) City County State ZIP Code

Legal Status of Business: � Corporation � Partnership � Limited Liability Company � Sole Proprietorship

Affiliates (List all business concerns in which the Applicant has any ownership. Attach current financial statements and tax returns.)

Company Name Owner (Applicant Company or Individual) % of Ownership

%

%

%

Authorized Contacts (Who in the company, other than the Applicant, is authorized to discuss this transaction?)

Name and Title Phone

LOAN REQUEST

Purpose of Loan/Line Amount Terms

� Revolving Line of Credit $ � New � Renew with Increase to $

� Amortizing Term Loan $ For Months

� Commercial Real Estate Loan:

� Owner Occupied $ For Months

� Investor $ For Months

� SBA: � 504 Loan $ For Months

� 7(a) Loan $ For Months

Other Needs:� Visa Business Credit Card � Cash Management � Merchant Services � International Banking

� Equipment Leasing � Personal Loans: Mortgages / Home Equity � Other:

BUSINESS FINANCIAL INFORMATION

Business Deposit Accounts

Financial Institution Type of Account (Checking, Savings, Investment) Current Balance Average Balance Move to CB&T?

$ $ � Yes

$ $ � Yes

$ $ � Yes

$ $ � Yes

Business Loan Application

© California Bank & Trust 2005 CDBG 102A 9/05 Page 1 of 2SBA Preferred Lender

Business Loan Application

PROFESSIONAL REFERENCES

Accountant Name Phone

Attorney Name Phone

Business Insurance Agent Phone

Other Phone

OTHER BUSINESS INFORMATION (If you answer “yes” to any of the following, please provide detail; attach a separate sheet if necessary.)

Has the Applicant, or any of the business principals, filed for bankruptcy or defaulted on any debts in the past 10 years? � Yes � No

Has the Applicant or any Guarantor been involved in any litigation or other legal claims in the last 5 years? � Yes � No

Does the Applicant owe any taxes for years prior to the current year, or are any taxes currently past due by the Applicant or Guarantor? � Yes � No

Is the Applicant an endorser, guarantor or co-maker for obligations not listed in its financial statements? � Yes � No

Are any assets of the business currently pledged or held in trust? � Yes � No

Is the Applicant, or any director, executive officer or principal shareholder of the business an executive officer, director or principal shareholderof a financial institution?

� Yes � No

FOR SBA LOAN APPLICANTS ONLY (Please complete for all business owners.)

Are you employed by the U.S. Government? If yes, in what position/agency: � Yes � No

Are you a U.S. Citizen? If no, please provide your Alien Registration Number. � Yes � No

Do you or your spouse or any member of your household, or anyone who owns, manages or directs your business (or their spouses or members of theirhouseholds), work for the Small Business Administration, Small Business Advisory Council, SCORE, ACE, or any federal agency or the participating lender?

� Yes � No

Is any principal of Applicant (i) currently under indictment, on parole or probation; (ii) ever been charged with or arrested for any criminal offense,other than a minor motor vehicle violation; or (iii) ever been convicted of any criminal offense? If yes, furnish details on a separate attachment; � Yes � Nolist name(s) under which convicted, if applicable.

JOINT APPLICATION DISCLOSURE

All Applicants for joint credit with California Bank & Trust must sign the statement below to document their desire to be jointly liable for this loan:

I , do hereby acknowledge and declare that, on this date, I intend to apply for joint credit with the personslisted below. The specific conditions, terms, rates and fees associated with this loan have been discussed with me and are represented in the disclosure documents providedto me by my California Bank & Trust/Zions Small Business Finance loan representative.

AGREEMENT

By signing below, you certify that all the information you have given in this application is true and complete. You authorize us to verify all your statements with any source,obtain credit and employment history (including your spouse’s, if you live in a community-property state) and exchange information with others about your credit and accountexperience with us. The undersigned applicant (“Applicant”) hereby authorizes California Bank & Trust (sometimes operating under the names of Zions Small Business Finance,Vectra Small Business Finance or Nevada State Small Business Finance) (“CB&T”) to release any and all financial and other information and documents concerning Applicant,including such information and documents supplied to CB&T by Applicant, to (i) such third parties as CB&T desires in its sole discretion in connection with CB&T’s considerationof the proposed credit transaction, including but not limited to participant banks, and (ii) to the United States Small Business Administration (“SBA”) and/or CommunityDevelopment Corporations (“CDCs”), as deemed appropriate by CB&T for any purpose related to the proposed credit transactions between CB&T and Applicant in which the SBA or CDCs may participate. I authorize California Bank & Trust to make inquiries as necessary to verify the accuracy of the statements made and to determine my creditworthiness. I certify the above and the statements contained in the attachments are true and accurate as of the stated date(s). These statements are made for the purpose of either obtaining a loan or guaranteeing a loan. I understand FALSE statements may result in forfeiture of benefits and possible prosecution.

Authorized Applicant Name Signature Date

Authorized Applicant Name Signature Date

Co-Applicant Name Signature Date

Co-Applicant Name Signature Date

© California Bank & Trust 2005 CDBG 102B 9/05 Page 2 of 2SBA Preferred Lender

Business Applicant Information (Use separate attachments to answer questions if necessary.)

Company Name (EXACT Legal Name)

Description of Business or Service and Markets

List Key Customers Geographic Sales Area

1. 1.

2. 2.

3. 3.

4. 4.

List Major Competitors Major Suppliers

1. 1.

2. 2.

3. 3.

4. 4.

Major Accomplishments (How your business differs from the competition and your competitive advantages.)

What are Your Future Plans and Growth Strategy? (Rapid growth, moderate, or maintain market position? What are the impediments that may impact your success?)

How will this Loan Benefit Your Company?

Please attach any brochures, catalogs or promotional marketing pieces about your company. Please attach any bios for key management, if available.

SBA Preferred Lender

Business Profile

© California Bank & Trust 2005 CDBG 104 REV. 11/05 Page 1 of 2


Management Profile

© California Bank & Trust 2005 CDBG 104 REV. 11/05 Page 2 of 2

COMPLETE FOR each key manager (Please make copies, if necessary)

Key Manager #1: Name, Title, Function

Work Experience (List chronologically beginning with present employment. Attach separate exhibit if necessary.)

Company Name Location

Duties Title Dates EmployedFrom: To:





Education

Name of College or Technical Training Location

Dates Attended Major Degree/CertificateFrom: To:



Key Manager #2: Name, Title, Function

Work Experience (List chronologically beginning with present employment. Attach separate exhibit if necessary.)







Education





Does the Applicant have any business debt? (If yes, complete the following.) � Yes � No

List below all business debts: term loans, lines of credit, shareholders’ notes, capital leases, etc. Do not include accounts payable.

Creditor Original Original Present Monthly Interest Maturity Collateral/Date Amount Balance* Payment* Rate Date Security

1.

2.

3.

4.

5.

6.

7.

8.

Total Balance

OTHER DEBT QUESTIONS

Are any of the above debts to be refinanced with the proceeds of this loan? If yes, which ones: � Yes � No

Are any of the above debts SBA Loans? If yes, which ones: � Yes � No

Have you had any previous SBA Loans? � Yes � No

Company Name Month Ending (MM/YYYY)*

* Total must agree with balance shown on interim balance sheet


SBA Preferred Lender © California Bank & Trust 2005 CDBG 103 9/05 Page 1 of 1

Signature Date

Title

BUSINESS INFORMATION (To be completed for each business entity.)

Applicant Name� Corporation � Limited Liability Company � Partnership

CORPORATIONS

Corporate Officers (Full name) Authorized Signer Percentage of Ownership (%)

President � Yes � No

Vice President � Yes � No

Secretary � Yes � No

Treasurer � Yes � No

List All Directors (Full name) Authorized Signer Percentage of Ownership (%)

1. � Yes � No

2. � Yes � No

3. � Yes � No

4. � Yes � No

List All Shareholders Not Listed Above % of Shares Outstanding

1.

2.

3.

4.

5.

LIMITED LIABILITY COMPANIES AND PARTNERSHIPS

List All Names of Members or Partners Percentage of Ownership (%) Capacity

1. � Manager � Member � General Partner � Ltd. Partner




EXECUTION OF BANK LOAN DOCUMENTS

Number of Authorized Signers required to execute loan documents:

List Authorized Signer(s) who will execute loan documents for the pending transaction

1.

2.

3.

4.

I certify all of the above information to be true and correct.

© California Bank & Trust 2005 CDBG 105 9/05 Page 1 of 1SBA Preferred Lender

Certificate of Entity

© California Bank & Trust 2005 CDBG 106A 9/05 Page 1 of 2

PERSONAL INFORMATION

Complete this form for: (1) each owner, or (2) each general partner, or (3) each limited partner who owns 20% or more interest, or (4) each shareholder owning 20% or more of voting stock, or (5) any person or entity providing a guaranty on the loan.

Name Social Security # Date of Birth

Address City County State ZIP Code

Email Address Residence Phone Business Phone

Spouse’s Name Spouse’s Social Security # Spouse’s Date of Birth

ASSETS LIABILITIES

Cash� At California Bank & Trust $ Credit Cards (Describe in Section 3) $

� At Other Institutions $

Stocks and Bonds (Provide statements) $ Installment Accounts/Autos� Paid by Business $ Mo. Pymt.: $

(Describe in Section 3)� Paid Personally $ Mo. Pymt.: $

IRA or Other Retirement Accounts (Provide statements) $ Installment Account /Other (Describe in Section 3) $ Mo. Pymt.: $

Real Estate (Describe in Section 1) $ Mortgages on Real Estate $

Notes Receivable $ Other Liabilities (Describe in Section 4) $

Other Personal Property $ Total Liabilities $

Other Assets (Describe in Section 2) $ Net Worth $

Total $ Total $

SOURCES OF INCOME CONTINGENT LIABILITIES

Salary $ As Endorser or Co-Maker $

Net Investment Income $ Legal Claims & Judgments $

Real Estate Income $ Other Special Debt $

Spousal Income $Describe:

Other Income* Describe: $

SECTION 1. REAL ESTATE (List each property separately. Use Real Estate Supplement for additional properties.)

Items Property 1 Property 2 Property 3

Type of Property

Address

Date Purchased

Original Cost

Present Market Value

Title in Name Of / % of Ownership % % %

Mortgage Holder

Mortgage Account Number

Mortgage Balance

Amount of Payment per Month / Year

Home Equity Line / Loan

If Rental Property, Rental Income Amount

* Alimony or child support payments need not be disclosed in “Other Income”unless it is desired to have such payments counted toward total income.


Personal Financial Statement

� Yes � No If yes, amount: $



� Per Month � Per Year



SECTION 2. OTHER ASSETS

Describe and, if any is pledged as security, state name and address of lien holder, amount of lien, terms of payment and, if delinquent, describe delinquency.

SECTION 3. INSTALLMENT DEBT/CREDIT CARDS (Use attachments if necessary. Each attachment must be identified as a part of this statement and signed.)

Name of Noteholder(s) Original Balance Current Balance Payment Amount Frequency (Monthly, etc.) How Secured or Endorsed/Type of Collateral

SECTION 4. OTHER LIABILITIES

Unpaid taxes for prior years or other debts; describe in detail, as to type, to whom payable, when due, amount, and to what property, if any, a tax lien attaches.

TRUST CERTIFICATION

Are any of your assets held in trust? � Yes � No If yes, is trust: � Revocable � Irrevocable

If yes, please also describe the trust and complete the following Certification of Trust.

Certification of Trust

established the , dated

Name of Trustor(s) Name of Trust

The trust will not be revoked or substantially amended for the term of the loan without the consent of lender. This Certification of Trust is being submitted in lieu of a copy of the trust instrument. The purpose of this declaration is to verify the existence and terms of the Trust, including the Trustee’s unlimited power to borrow, guaranty, and encumber trust assets, lend them as collateral, and lease them to third-parties. There is nothing in the Trust Agreement that would prevent the lender from initiatingaction on any security interest held on trust assets. The Trust Agreement has specific language confirming the above.

As Trustee(s) of the above-named trust, I/we declare the following:• All currently acting trustees of the trust have been identified on this Certification of Trust and have signed this declaration. • The trust is still in effect. It has not been revoked, modified, or amended in any manner that would cause the representations contained in this Certification of Trust

to be incorrect.

I certify under penalty of perjury that all of the information on this form is true to the best of my knowledge.

AGREEMENT

I authorize California Bank & Trust to make inquiries as necessary to verify the accuracy of the statements made and to determine my creditworthiness. I certify the above and the statements contained in the attachments are true and accurate as of the stated date(s). These statements are made for the purpose of either obtaining a loan or guaranteeing a loan. I understand FALSE statements may result in forfeiture of benefits and possible prosecution.

Name Signature Date

Spouse’s Name Spouse’s Signature Date

Trustee’s Signature Address Phone Number Date

Trustee’s Signature Address Phone Number Date


Personal Financial Statement

© California Bank & Trust 2005 CDBG 106B 9/05 Page 2 of 2

ADDITIONAL REAL ESTATE (List each property separately.)


Type of Property

Address

Date Purchased

Original Cost


Title in Name Of / % of Ownership

Mortgage Holder


Mortgage Balance





Type of Property

Address

Date Purchased

Original Cost


Title in Name Of / % of Ownership

Mortgage Holder


Mortgage Balance




© California Bank & Trust 2005 CDBG 107 9/05 Page 1 of 1SBA Preferred Lender

Real Estate Supplement


� Per Month

� Per Year

1. %

2. %

1. %

2. %1. %

2. %1. %

2. %

1. %

2. %1. %

2. %

� Per Month

� Per Year� Per Month

� Per Year


� Per Month



� Per Year





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