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Business Loan Application

Please choose types of loan you are applying for (check as many as apply)

Commercial Line of Credit Term Financing
Commercial Revolving Account Real Estate Loan
Equipment Financing    

1. General Information

Please fill out the following:

Borrower Name    Tax ID# 

Address

Contact Name    

Contact Phone #  Contact Fax #

Contact Email Address  

Contact Title 


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2. Ownership/Management Structure

Please choose one form of Mangagement Structure

Corporation General Partnership Individual/Proprietorship
Sub-Chapter S Corporation Limited Partnership Limited Liability Company
Professional Corporation TBA or DBA    
 Other

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Please declare percentages, names of companies owned and by whom:

%

Name of Company

By Whom

 

 

 

 

 


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Please list Key Management

Name    Age 

Titles/Duties 

Years with Company    Life Insurance Amount 

Annual Salary   Annual Bonus 


Name    Age 

Titles/Duties 

Years with Company    Life Insurance Amount 

Annual Salary Annual Bonus  


Name    Age 

Titles/Duties 

Years with Company    Life Insurance Amount 

Annual Salary Annual Bonus  


Name     Age

Titles/Duties 

Years with Company  Life Insurance Amount 

Annual Salary    Annual Bonus  

 

Please list Subsidiaries or Affiliates (Owned by applicant or by management or owners of applicant)

Name of Subsidiary or Affiliate

Percentage   Owned

Owned by Whom

Line of Business

       
       
       
       

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3. Company History/Profile

Date Founded    Founded By 

City/State of Founding 

State of Incorporation  Date Incorporated

Type of Business 

Number of Full Time Employees  

 Number of Part Time Employees 

Number of Employess Total


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Please enter information on your 4 largest Customers

Customer Name 

Address 

Contact Name Phone Number 

Annual Sales 


Customer Name 

Address 

Contact Name    Phone Number 

Annual Sales 


Customer Name 

Address 

Contact Name    Phone Number 

Annual Sales 


Customer  Name 

Address  

Contact Name  Phone Number 

Annual Sales  


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Please enter information on your 4 largest suppliers

Supplier Name 

Address  

Contact Name  Phone Number 

Annual Purchases 


Supplier Name 

Address  

Contact Name     Phone Number 

Annual Purchases 


Supplier Name 

Address  

Contact Name     Phone Number 

Annual Purchases 


Supplier Name 

Address

Contact Name  Phone Number 

Annual Purchases 

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4. Description of Proposed Financing

Amount Requested:   Date Needed:

Source of Loan Repayment:

Please check reason for Loan Request (check all that apply)

   Purchase of Inventory  Purchase/Refi of Real Estate

   Growth of Accounts Receivable   Purchase of a Business

  Buy-Out of Partner/Shareholder   Purchase of Equipment

  Other (Please specify)

Payment Schedule Requested
Monthly Payments
Single Pay
Single Pay with quarterly interest payments

Please check requested Term of Loan

6 Months 

1 Year

2 Years

3 Years

4 Years

5 Years

10 Years

15 Years

   

Other (Please Specify)

 


Please Check Collateral Offered or Available (check all that apply)

Accounts Receivable Real Estate

Inventory Marketable Securities

Equipment Cash (My Acct #):

  Personal Assets (Please Specify)

  Other Assets (Please Specify)

Other Information 

If yes to any of the following questions, please explain.

Please answer the following questions for the business and the owner(s).

Business
(yes)

Person
(yes)

1. Are there any claims or lawsuits pending?

2. Are any State or Federal Income, Withholding, Sales or Property taxes delinquent?

3. Does any liability exist for any accounts via leases, guarantees, commitments or other contingency agreements?

4. Have there been any bankruptcies or judgements?

5. Is there any collateral offered to PointBank currently pledged to other creditors?

6. Are any assets held in a Trust?

It is understood that this may not be a complete application and PointBank may need additional information to properly evaluate the credit request.

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5. Support Information

The Following Information may also be Required:
  • 2-3 Years of Financial Statements and Tax Returns for borrower(s)
  • Current Personal Financial Statements and 2 years of tax returns for all principals or guarantors.
  • Receivables Aging, Backlog, Contract Progress Reports (if applicable)
  • A list of subject inventory, and/or subject equipment with serial numbers (ifapplicable)
  • A list describing Marketable Securites and number of shares. (if applicable)
  • Sales Contract and/or Purchase Agreement (if applicable)
  • Financial projections and Business Plan (if applicable)

Name and Address of Landlord  

        Annual Rent  

      Lease Expiration 

      Additional Comments (if any)  

By signing or submitting this application the applicant(s) specifically acknowledge and agree that: (1) All statements made in this application are made for the purpose of obtaining the loan indicated herein; (2)Verification or reverification of any information contained in the application may be made at any time by the lender, its agents, successors, and assignees, either directly or through a credit reporting agency, from any source named in this application; (3)The original copy of this application will be retained by the lender, even if the loan is not approved;(4)The Lender, its agents, successors and assignees will rely on the information contained in the application and I/we have a continuing obligation to amend and/or supplement the information provided in this application if any of the material facts which I/we have represented herein should change prior to closing; (5) In the event my/our payments on the loan indicated in this application become delinquent, the lender, it's agents, successors and assignees, may, in addition to all other rights and remedies, report my/our name(s) and account information to a credit reporting agency; (6) ownership of the loan may be transferred to a successor or assign of the Lender without notice to me and/or the administration of the loan account may be transferred to an agent, successor or assignee of the Lender with prior notice to me; and (7) that all expenses for legal fees, title examination, appraisal, and settlement or other charges of the loan are to be paid by the borrower.

Certification: I/We certify that the information provided in this application is true and correct as of the date of submission on this application and acknowledge my/our understanding that any intentional or negligent misrepresentation(s) of the information contained in this application may result in civil liability and/or criminal penalties including, but not limited to, fine or imprisonment or both under the provisions of Title 18, United States Code, Section 1001, et seq. and liability for monetary damages to the Lender, its agents, successors and assigns, insurers and any other person who may suffer any loss due to reliance upon any misrepresentation which I/we have made on this application.

Signature

Date

Signature

Date

Signature

Date

Please bring this loan application to the location which is most convenient to you.
We will need your signature and identification to be provided at any one of our locations for the new loan documents.
(It can be provided at any one of our convenient locations).

Upon receiving your application, we will attempt to contact you within 24 hours and notify of any additional information needed for this loan. If you should not hear from us, please contact us at 940-686-7000.

By submitting this form, I accept that it is legally binding.

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