Internal Bank Loan Review


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NameInternal Bank Loan Review
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Internal Bank Loan Review

Primary Officer:

Prepared By:

Date Prepared:




Loan Request

Borrower:

Business Information:

Form:




Organ Date:




Type:




Management:




Ownership:

Guarantors: Typically the owner of the business



Request:





Purpose:





Terms:

Type

Amount

Rate/Fees

Term

Repayment














































Source of Repayment

Primary:




Secondary




Tertiary:

Collateral Description:





Collateral Valuation:


Type


Appraised
Value


% of
ADV



Debt


Avail.
Equity


LTV

Accounts Receivable




75% (0-90 days)










Inventory




30%










Equipment




75%










Marketable Securities




70%










Commercial and Residential
Property





75%










Vacant Land




30-50%













Flood Hazard:



Environmental Concerns:





Bow Debt:


Type



Open



High



Bal.


# of REN


Rate



Terms



SEC



LTV



















































































Bow Payment History:



Line of Credit Usage:

Low Balance:

# of Days at Zero:

Other Debts:



Depository Relationship:


Name



Acct #



Type



Opened



Balance


Avg. Col. Bal.


Rate

































































Average Cost of Funds:

Trust Relationship:

Background Information:













Financial Statement:

Last 3 years of business financial statements and/or tax returns




Last 3 years of owner’s personal tax return




Current personal financial statement






BUSINESS LOAN APPLICATION




Date:

New Relationship

Branch:

Existing Relationship

Officer:




BUSINESS INFORMATION

Business Name

Address

Telephone ( )

Tax I.D.

Individual Name(s)

Address

Telephone ( )

Social Security #

Date of Birth:

Proprietorship

Partnership

Sub-Chapter S

Corporation

Non-Profit

Individual

LLC




Ownership Distribution: (List stockholders, partners, owner names)

Note: Attach separate sheet if additional space needed.

Name

Title

# of Years

%

SS#

Name

Title

# of Years

%

SS#

Name

Title

# of Years

%

SS#




Nature of Business

Year Established

Number of Employees

Years at Present Location

[ ] Own

[ ] Lease

Accountant

Telephone ( )

Insurance Agent

Telephone ( )

Attorney

Telephone ( )




FINANCIAL INFORMATION

Bank of Account

Account Number




Credit Relationships: Please provide details of your business credit relationships below:










Original Loan

Amount




Maturity

Name of Creditor

Purpose of Loan

Amount

Presently Owing

Repayment Terms

Date




$

$




$

$




$

$







LOAN REQUEST

Amount of Loan Requested

Type of loan




[ ] Line of Credit




[ ] Term Loan

Requested Term of Loan

[ ] Business Home Equity




[ ] Commercial Real Estate







Specific Loan Purpose (Check all that apply)




[ ] Working Capital

[ ] Other (State type of loan required and loan

[ ] Finance Purchase of Inventory

purpose)

[ ] Finance Purchase of Equipment



[ ] Finance Purchase of Real Estate



[ ] Finance Purchase of Business



[ ] Refinance Existing Loan or Debts









Collateral Available* (Check all that apply)




[ ] All Assets (accounts receivable, inventory, machinery and equipment)

[ ] Specific Equipment (Please attach equipment list, including serial numbers or description of

equipment, and invoices for new equipment.)

[ ] Real Estate (Please attach property address, legal description and a copy of most recent tax

bill.)

Square Feet

Acres

[ ] Cash on Deposit at (name of bank)

Branch

Account #

[ ] Personal Assets (As described in Personal Financial Statement.)



*

Collateral: Loans are secured by collateral, which is property in which a security interest is granted to secure repayment of the loan. The loan collateral may include business assets, stocks, bonds, certificates of deposits, or personal assets. Consider (1) the value of the loan collateral must be equal to or greater than the amount of the loan, (2) expected economic life of collateral will be considered by the Bank in evaluating the collateral offered for the loan, (3) formal collateral appraisals may be required, and (4) a pledge of personal assets may be required as additional collateral for the business loan requested.




[ ] Guarantors** (Please list)







Name

Social Security #




Address




Name

Social Security #




Address




Name

Social Security #




Address







**

Guarantors: For incorporated borrowers, guarantees of owner(s) is usually required, unless secured by Bank deposits or marketable collateral. If personal assets are in joint names, a sole proprietorship, and/or partnership, the Bank may require all parties to pledge collateral.




BUSINESS BACKGROUND INFORMATION




Please provide a brief history of your business, future plans and projections, and describe your products and/or services and competition.






















PERSONAL BUSINESS EXPERIENCE




If you have been in your present business for under five years, please describe your previous business experience. (Include business background, management experience, and training, or include a resume.)
















MISCELLANEOUS INFORMATION




Are tax liabilities current? [ ] Yes [ ] No

Settled through

Is the business an endorser, guarantor, or co-maker for any obligation not listed in the financial statements? [ ] Yes [ ] No

If yes, what is the contingent liability?

Has the business or principal owner ever declared bankruptcy? [ ] Yes [ ] No

If yes, provide details on a separate sheet.

Is the business a defendant in any lawsuit? [ ] Yes [ ] No

If yes, provide details on a separate sheet.

Are any of the business assets encumbered by liens or attachments of any type? [ ] Yes [ ] No




What By whom Amount $




What By whom Amount $




What By whom Amount $

Does the business have a pension fund? [ ] Yes [ ] No

profit-sharing plan? [ ] Yes [ ] No

If so, does the plan have any unfunded pension liabilities? [ ] Yes [ ] No

Amount $




CERTIFICATION




The undersigned certifies that, to the best of his or her knowledge and belief, all information contained in this loan application and in the accompanying statements and documents is true, complete, and correct. The undersigned agrees to notify the Bank immediately of any material changes in this information. It is further agreed that, whether or not the loan herein applied for is approved, the undersigned will pay or reimburse the bank for the costs, if any, of surveys, title or mortgage examinations, appraisals, etc., performed by non-Bank personnel with the consent of the applicant. The undersigned authorizes the Bank to contact any bank and trade creditors it deems necessary without further notice, including, but not limited to, Dunn & Bradstreet reports or information from Experian Credit Data.







Business Name (print):







Applicant Signature:




Date:

Applicant Title:
















Guarantor(s) Signature:




Date:

Guarantor(s) Signature:




Date:



















BUSINESS LOAN APPLICATION CHECKLIST




Please be sure all of the following documentation has been included in order for your business loan application to be processed.










[ ] Business Loan Application




[ ] Accountant-Prepared Business Financial Statements (Profit and Loss, Balance Sheet)
for the past three fiscal years




[ ] Business Federal Tax Returns for past three fiscal years




[ ] Interim Financial Statements (if available)




[ ] Most Recent Federal Tax Returns for each principal owner listed in the first section of
the Business Loan Application




[ ] Personal Financial Statement




[ ] Organizational Papers (Articles, dba papers, etc.)




[ ] OTHER:













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