Get 01. Loan Application Form.doc - Purchaseadd

Filling out the Loan Application Form is a crucial step in securing financing for your business project. This guide provides clear and supportive instructions to ensure that you accurately complete the form online, meeting all necessary requirements.

Follow the steps to successfully complete your loan application.

1. Click the ‘Get Form’ button to obtain the form and open it in your preferred editor.
2. Read the introduction section carefully to understand the purpose of the form and gather the necessary materials as indicated in Part A – Loan Checklist.
3. In Part B, complete the General Information Form. Provide details on the contact person, borrowers' name, tax ID, and the name of the small business concern, if applicable.
4. Indicate if the applicants are U.S. citizens and include the personal and business details required, such as the ownership structure and project location.
5. Fill out information about the management team in Section V, ensuring to list all owners, their titles, and ownership percentages.
6. In Section VI, provide information regarding your professional representation, including details of your accountant, attorney, and insurance representatives.
7. Proceed to the Declarations section to answer important questions regarding your business history and legal standing, especially any claims or bankruptcies.
8. Complete the Schedule of Collateral, listing all items to secure the loan. Use separate sheets if necessary.
9. Provide detailed project information in Part C, including the purpose and expected employment impacts of your project.
10. Complete the Proposed Uses of Funds section, where you will enter the amount requested and break down the allocations for land, building, equipment, and professional fees.
11. Finally, review all completed sections for accuracy and ensure all required documents are attached before submitting the form.
12. Once the form is filled out completely, save your changes, download a copy, and print or share the form as needed.

Start your loan application process online today for a smoother experience!