Bank Loan Application Review Example

An Internal Document Banks Use to Review Your Loan Application

Internal Bank Loan Review of Loan Application

Primary Officer:___________________Prepared By:_______________

Loan Request

Borrower:___________________________________

Business Information:

• Form:______________________________
• Organ Date:____________________________
• Type:__________________________________
• Management:____________________________
• Ownership:_____________________________

Guarantors:________ Typically the owner of the business____________________________________________________
____________________________________________________________

Request:_________________________________________________
____________________________________________________________
____________________________________________________________

Purpose:____________________________________________________
____________________________________________________________
____________________________________________________________

Terms:

• Type:________________________________
• Amount:______________________________
• Rate and Fees:_______________________
• Term_________________________________
• Repayment____________________________

Source of Repayment:


• Primary:_______________________
• Secondary:_______________________
• Tertiary:________________________

Collateral Description:__________________________________
_________________________________________________________
_________________________________________________________

Collateral Valuation:


• Type_____________________________________________
• Appraised
• Value__________________________________________
• % of ADV:
• Accounts Receivable 75% (0-90 days)__________________
• Inventory 30%_______________
• Equipment 75%_______________
• Marketable Secur 70%_______________
• Commercial and Residential
• Property 75%_______________
• Vacant Land 30-50%____________
• Debt______________________________________
• Avail. Equity_____________________________
• LTV_______________________________________

Flood Hazard:_____________________________________________
__________________________________________________________


Environmental Concerns:___________________________________
__________________________________________________________

Debt:

• Type___________________________________
• Open___________________________________________
• High___________________________________________
• Bal.___________________________________________
• # of REN_______________________________________
• Rate___________________________________________
• Terms__________________________________________
• SEC____________________________________________
• LTV____________________________________________

Payment History:__________________________________________
______________________________________________________________

Line of Credit Usage:
Low Balance:______________ # of Days at Zero:__________
Other Debts:__________________________________________________
______________________________________________________________

Depository Relationship:


• Name_______________________________________
• Acct #_____________________________________
• Type_______________________________________
• Opened_____________________________________
• Balance___________ Avg. Col.Bal._____________________
• Rate_______________________________________

Average Cost of Funds:________________________________________
Trust Relationship:___________________________________________
Background Information:_______________________________________
______________________________________________________________
______________________________________________________________
______________________________________________________________
______________________________________________________________
______________________________________________________________
______________________________________________________________


Financial Statements: Last three years of business financial statements and tax returns
Last three years of owner's personal financial statements and tax returns
Current personal financial statement