Commercial Lending - Commercial Loan Application

PERSONAL INFORMATION
Married Separated Unmarried (single, divorced, widowed)
Married Separated Unmarried (single, divorced, widowed)
Own Rent
Own Rent

If residing at present address for less than seven (7) years, complete the following:

Own Rent
Own Rent
RESUME

If employed in current position for less than two (2) years, complete the following:

PERSONAL INCOME SOURCES
Income SourceMONTHLYANNUALLY
Borrower and Co-Borrower Gross Salary
Schedule B (Recruiting Interest and Dividends)
Schedule C (Net Profit of Proprietorships)
Schedule D (Recurring Capital Gains Less Losses)
Schedule E (Recurring Rental Income Exluding Subject Property)
Other (List)
TOTAL PERSONAL INCOME
PERSONAL CASH REQUIREMENTS
Expense SourceMONTHLYANNUALLY
Residence Mortgage Payment/ Rent Payment
Federal, State & Real Estate Taxes
Installment Loan Payments
Credit Card Payments
Rental Mortgage P&I Payments and Expenses (Exlude Subject Property)
Alimony/Child Support
Other (List)
TOTAL PERSONAL EXPENSES
DECLARATIONS

If you answer "yes" to any questions 1 through 6, use Continuation Sheet for explanations.

Question Borrower
Yes / No
Co-Borrower
Yes / No
1. Are there any outstanding judgements against you?
2. Have you been declared bankrupt in the last 10 years?
3. Have you had property forclosed upon or given title or deed in lieu?
4. Are you a party to a lawsuit?
5. Are you obligated to pay alimony, child support, or separate maintenance?
6. Are any of your assets held in a trust?
7. Are you a U.S. citizen?
8. Are you a permanent resident alien? If yes please provide a copy of resident alien ID card.
ASSETS AND LIABILITIES

This Statement and any applicable supporting schedules may be completed jointly by both married and unmarried Co-Borrowers if their assets and liabilities are sufficiently joined so that the Statement can be meaningfully and fairly presented on a combined basis; otherwise, separate Statements and Schedules are required. If the Co-Borrower section was completed about a non-applicant spouce or other person, this Statement and supporting schedules must be completed by that spouce or other person also.
Completed Jointly Not Jointly

ASSETS
Cash deposit toward purchase held by:
$
List checking and savings accounts below
Name and address of Bank, S&L, or Credit Union
Acct. no.
$
Name and address of Bank, S&L, or Credit Union
Acct. no.
$
Name and address of Bank, S&L, or Credit Union
Acct. no.
$
Stocks & Bonds (Company name/number description)
$
Life insurance net cash value
Face amount: $
$
Subtotal Liquid Assets
$
Real Estate owned (enter market value from schedule of real estate owned)
$
Vested interest in retirement fund
$
Net worth of business(es) owned (attach financial statement)
$
Automobiles owned (make & yr.)
$
Other Assets (itemize)
$
Total Assets a.
$
LIABILITIES

Liabilities and Pleged Assets. List the creditor's name, address and account number for all outstanding debts, including automobile loans, revolving charge accounts, real estate loans, alimony, child support, stock pledges, etc. Use continuation sheet, if necessary. Indicate by (*) those liabilities which will be satisfied upon sale of real estate owned or upon refinancing of the subject property.


Acct. no.
$
Unpaid Balance: $

Acct. no.
$ Payments/Months
$

Acct. no.
$ Payments/Months
$

Acct. no.
$ Payments/Months
$

Acct. no.
$ Payments/Months
$

Acct. no.
$ Payments/Months
$

Acct. no.
$ Payments/Months
$
Alimony/Child Support/Separate Maintenance Payments Owed to:
$
Job-related Expense (child care, union dues, etc.)
$
Total Monthly Payments
$
Total Liabilities b.
$
Net Worth (a minus b) : $
Schedule of Real Estate Owned (if additional properties are owned, use continuation sheet)
Property Address (enter S if sold, PS if pending sale or R if rental being held for income) Type of Property Present Market Value Amount of Mortgages & Liens Gross Rental Income Mortgage Payments Insurance, Maintenance, Taxes & Misc. Net Rental Income
$ $ $ $ $ $
$ $ $ $ $ $
$ $ $ $ $ $
Totals$ $ $ $ $ $

List any additional names under which credit has previously been received and indicate appropriate creditor name(s) and account number(s):

Alternate Name
Borrower
Co-Borrower
Creditor Name
Account Number
INFORMATION ABOUT PROPERTY TO BE FINANCED
$
Purchase Refinance Refi-Cash Out
Purchase Money Loan
$
$
Refinance Loan
Yes No
Yes No
Existing Liens - Lender Date Made Original Amount Current Balance Term Rate SBA?
Cash Out Request
$
VESTING OF REAL ESTATE TITLE
C-Corp S-Corp Partnership Proprietorship Other
Retail Service Wholesale Manufacturing Construction
OWNERSHIP/OFFICERS/DIRECTORS
BUSINESS INFORMATION
Business Name Executive/Mailing Address, if other Sq.Ft. Mo. Rent $ Lease Expires
DBA: List Additional Business Locations Sq.Ft. Mo. Rent $ Lease Expires
Mo/Mo?
HISTORY
Increasing Decreasing Stable
Increasing Decreasing Stable
BUSINESS DECLARATIONS

If you answer "Yes" to any questions, use Continuation Sheet for explanations.

Question Yes No N/A
1. Is the business a party to a lawsuit?
2. Has the business been involved in bankruptcy proceedings in the last 10 years?
3. Does the business have deliquent federal, state, payroll, sales or other tax liability?
4. Has the business had property foreclosed upon or given title or deed in lieu?
5. If renting, have you paid rent on time for each of the last 12 months?
6. Does the business, its owners or majority stockholders have any other loans? (If "Yes", please provide information)
DOCUMENTS ADDITIONALY NEEDED

In order to be considered for a commercial loan approval, the following documents are required.

ACKNOWLEDGEMENT AND AGREEMENT

I/We authorize and/or assigns to make inquiries as necessary to verify the accuracy of the statements made in this application and to determine my/our creditworthiness. I/We authorize and instruct any person or consumer reporting agency to compile and furnish any information it may have or obtain in response to such credit inquiries. I/We certify the above and the statements contained in the attachments are true and accurate as of the stated date. These statements are made for the purposes of obtaining a loan. I/We understand FALSE statements may result in possible prosecution by the U.S. Attorney General (Reference 18 U.S.C. 1001). I/We authorize the release of this information whether the signature below is an original or copy.

X
X

The following information is requested by the Federal Government for certain types of loans related to a dwelling in order to monitor the lender's compliance with equal credit opportunity, fair housing and home mortgage diclosure laws. You are not required to furnish this information, but are encouraged to do so. The law provides that a lender may not discriminate either on the basis of this information, or on whether you choose to furnish it. If you fumish the information, please provide both ethnicity and race. For race, you may check more than one designation. If you do not furnish ethnicity, race, or sex, under Federal regulations, this lender is required to note the information on the basis of visual observation and surname if you have made this application in person. If you do not wish to furnish the information, please check the box below. (Lender must review the above material to assure that the disclosures satisfy all requirements to whcih the lender is subject under applicable state law for the particular type of loan applied for.)

Ethnicity: Hispanic or Latino Not Hispanic or Latino
Race: American Indian or Alaska Native Asian Black or African American Native Hawaiian or Other Pacific Islander White
Sex: Female Male
Ethnicity: Hispanic or Latino Not Hispanic or Latino
Race: American Indian or Alaska Native Asian Black or African American Native Hawaiian or Other Pacific Islander White
Sex: Female Male
To be Completed by Interviewer



Ivan Lin

Ivan Lin

Nationwide Loan Officer | NMLS: 2462401

📞 Phone: (646) 866-8728

✉️ Email: info@ivanlin.com

🌐 Website: www.ivanlin.com

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