Commercial Loan Application Required Documents

More information about commercial loans:

Intro to Commercial Mortgages How Do Commercial
Loans Work?
Qualifications for a Commercial Loan Is a Commercial Loan
Right for you?
Advantages of a
Commercial Loan
Apply for a
Commercial Loan
Required Documents for
a Commercial Loan

Business Documents/Information

  • Business Financial Statements for past 3 years.
  • Business Federal Income Tax Returns for the past 3 years.
  • Interim Business Financial Statements (dated within last 30 days)
  • Business Financial Projections(Balance Sheet and Income Statement) fiscal year end and next full year.
  • Brief history and description of project.
  • Aging of Accounts receivables and Accounts payable that corresponds to current balance.
  • Business Debt Schedule.
  • Copy of Business License.
  • Current Balance Sheet and Income Statement on all affiliate companies.

Personal/Individual Information

  • Personal Financial Statement on Borrowers/Guarantors.
  • Borrower/Guarantors personal federal income tax returns for the last 3 years.
  • Resume of all borrowers, guarantors and all key management personnel.
  • Release of credit information
  • Details of any derogatory financial information, business or personal.
  • All partners affiliates information (3 years tax returns & interim financials)
  • Evidence of equity

Other Information

  • Appraisal Report, if one has been previously completed.
  • Environmental Questionnaire or Environmental Site Assessment Reports.
  • Copy of Note and Deed of trust, Security Agreement and UCCs.
  • Sale/Purchase Agreement & Circular.
  • Franchise Agreement & Circular.
  • Copy of existing leases and contracts.
  • Copy of articles of incorporation & partnership agreement, bylaws and operating statement.
  • SBA authorization agreement, if currently have SBA guarantee
  • Good Standing reports.
  • Last 3 franchise inspection reports
  • Doing Business as certification/ Fictitious Name Statement.

Sanjeev Ahuja - Mortgage Broker or Lender at Home Funding LLC

NYS Registered Mortgage Broker, Department of Financial Services, loans arranged thru 3rd parties. (NMLS#: 885573)

Advertised fee waivers available only on agency loans that are funded. Fees waived from broker compensation listed in Good Faith Estimate as Origination Charges.

We do not accept any online applications.