Get Business Purpose & Occupancy Affidavit (the ...

Filling out the BUSINESS PURPOSE & OCCUPANCY AFFIDAVIT is an essential step for borrowers seeking financing for business purposes. This guide will provide you with clear and supportive instructions on how to complete the affidavit accurately and efficiently.

Follow the steps to successfully complete the affidavit

1. Click the ‘Get Form’ button to access the affidavit and open it in your preferred online editor.
2. Begin by entering the loan number in the designated field to identify your specific financing request.
3. Next, fill in the names of the borrower(s); ensure this matches the legal names as recorded in your official documents.
4. Enter the property address where the loan proceeds will be applied; this should be your intended business property.
5. Carefully complete each declaration statement, confirming that the proceeds are solely for business purposes and not for personal use.
6. Be sure to indicate your intention to operate the property as one or more rental units for profit, and detail your approach to obtaining tenants if necessary.
7. Acknowledge that you or any family member will not occupy the property during the loan duration and maintain a separate residential address.
8. Review the indemnification clause regarding misrepresentation and understand the implications of providing false information.
9. Initial in the provided fields where indicated to reaffirm your agreement with the statements made in the affidavit.
10. Finally, sign and date the affidavit and proceed to save your changes, download the completed document, or print it for your records.

Complete your BUSINESS PURPOSE & OCCUPANCY AFFIDAVIT online today for an efficient filing experience.