Get Loan Proceeds Statement - Ncsbegov

Filling out the Loan Proceeds Statement is essential for reporting details about a new loan. This guide provides clear, step-by-step instructions to help you complete the form accurately and efficiently.

Follow the steps to properly complete the form.

1. Press the 'Get Form' button to obtain the Loan Proceeds Statement form and open it in your preferred editor.
2. In the first field, enter the name of the committee that will receive the loan. Ensure this matches the official name registered with the Election Board.
3. Specify the person or committee making the loan in the next section. This should include the full name of the lender or lending organization.
4. Indicate the date the loan was issued to the committee. Use the format MM/DD/YYYY for clarity.
5. Provide the name of the lending institution along with the account number. This is crucial for tracking the source of the loan.
6. Enter the total amount of the loan in the designated field. Ensure that the figures are accurate.
7. If the loan is an in-kind loan, include a brief description in the space provided.
8. List the names of all parties responsible for repaying the loan. This includes any guarantors associated with the loan.
9. Fill in the period of the loan, clearly stating the duration in months or years.
10. Specify the interest rate for the loan in the appropriate field. Ensure this is clearly defined.
11. Detail any security pledged for the loan, providing a clear explanation of what assets are being used to secure the loan.
12. The lender must acknowledge the completeness and accuracy of the information by signing the form and dating it.
13. Lastly, the treasurer of the committee must also sign and date the form, confirming their agreement with the information provided.
14. After completing the form, you can save your changes, download, print, or share the form as required.

Complete your documents online to ensure accurate submission and compliance.