1. Business & Finance

Discuss in my forum

Bank Loan Application Review Example

An Internal Document Banks Use to Review Your Loan Application

By , About.com Guide

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

©2012 About.com. All rights reserved.

A part of The New York Times Company.