Commercial Loan Checklist

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If Borrower Is A Corporate Entity:

• Principals
• Resumes and references
• Financial statements
• Year-to-date profit & loss statements
• Balance sheets
• 1120's for the last two years
• Articles of incorporation
• Schedule of bylaws

If Borrower Is A Limited Liability Company:

• Year-to-date profit & loss statement
• Balance Sheets
• Federal tax return for the last two years
• Certificate of organization
• Articles of organization

If Borrower Is A General Or Limited Company:

• Year-to-date profit & loss statement
• 1065s for the last two years
• LP 1 form (for limited partnerships only)
• Executed partnership agreement

If Borrower Is A Trust:

Trust agreement
Trust's year-to-date profit & loss statement
Balance sheets
Trust's federal tax returns for the last two years

Construction Loan Applicants Will Need:

Building plans
Building contractors' contract, licenses & resumes
Cost breakdown
Specification breakdown
Soil & EPA surveys & test results
Closing statement for lot when purchased

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