Refinancing Loan Application

FROM CURRENT BUSINESS, IF REFINANCING

• 3-year P&L Statements
• 3-year Balance Sheet
• 3-year STR Reports (Hotel)
• 3-year tax returns
• Updated property environmental Phase 1
• Appraisal (If less than two years or bank will order a new one)
• Business Debt Schedule (Download Below)
• Use of Proceeds Template (Download Below)
• Pay Off Letter of the current loan.
• Any additional information that would be helpful to Underwrite the loan, whether it be an Operating Manual, Brochure, Tear sheet, Appraisal, etc. (If applicable)
• Photos of the property
• Franchise Agreement (If Apply)
• Franchise Disclosure Document (If Apply)
• Article of Incorporation
• Accounts Payable & Receivable Aging Reports
• Copy of most current monthly billing statement for Note to be refinanced
• Copy of 12 months' evidence the Note has been current for the past 12 months, such as a letter from the lender or something off of the borrower's accounting system
•  General Business Questionnaire to give the underwriter some background about the company (Download Below)
• Letter of the status of receivables and payables.
• NCNDA & Consultancy Agreement (Download Below)

FROM PERSONAL (All BORROWER with 20% + ownership)

• 3-year Personal Tax Returns
• SBA Personal Financial Statement (Download Below)
• Copy of Driver's License
• Resume Borrowers with 20%+ ownership