Commercial Loan Product

About Commercial Loan Product

Features

This is what makes our products unique:

Documentation

The following documents are required along with your Commercial Loan Product application:

• Any other pertinent information required during the due diligence process
• Formal letter applying for credit and completed loan application
• Detailed project description with purpose, location, scope, and duration.
• Memorandum of Association
• Articles of Association
• Certificate of Incorporation
• Audited financials for the last 3 years
• Financial model including: Detailed description of assumptions
• Financial model including: Projected cash flow, balance sheet, and income statement for 5 years (examined)
• Board of Directors Resolution authorizing the loan and any related approvals such as those authorizing collateral
• Details of the Shareholding structure
• Organizational Chart
• Documents of Collateral to be used - land, building, and equipment
• Copy of land certificate(s) and/or other ownership documents
• Copy of current loan agreement and account history (if refinancing)
• Copy of insurance policy
• Copies of relevant contracts
• Copies of relevant permits
• Background, character reference and experience of the principals, directors, and key personnel
• Bank references from 2 financial institutions
• Valuation report - land, buildings, & equipment at applicant's cost
• Statement of the projected growth in employment or other positive economic impact
• Construction - building plan, bill of quantities, permit and other pertinent documents
• Site visit, asset verification, and review of GL accounts may apply
• Payment of applicable loan processing fee (non-refundable)