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Business Loan Sample Application - Page 1

Sample Business Loan Application

Please click on the file below to view a sample business loan application – we have taken a lot of effort to put this together by blending the business loan applications for some of the largest lenders in the country. Most business loan applications that you will encounter will be less intensive and detailed than the one we have presenting here for you.

Filling out a Business Loan Application

It is very important to understand the nuances of each item on an application for a business loan – even the seemingly obvious items if not answered correctly or completely can result a derogatory decision taken against your application.  Presented here is an exhaustive discussion of the typical questions you will face when applying for business loans. 

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SAMPLE BUSINESS LOAN APPLICATION

FILLING OUT A BUSINESS LOAN APPLICATION

1. Business Information
2. Business Financial Information
3. Personal Information
4. Personal Financial Information
5. Disclaimer Questions

1. BUSINESS INFORMATION

Company Name
This is of course the name of your company.  If your company is already established then it is the official incorporated name of the business entity.  If this is a startup and you have not yet thought of a name, you may want to think of one before you submit an application – it looks quite odd to underwriters that you have not yet come up with a name even as you are applying for a business loan with them.

Trade Name
This applies to those businesses that have a DBA (Doing Business As) certificate filed with the local county clerk where in they are also doing business under another business name.

Business Phone
As is obvious this is the number registered to your business.  A common background check that underwriters run is to check who the business phone number is registered under and also what address is attached to the phone number.  If this is a personal residence, be prepared to explain that to the bank.

Business Fax 
Same principles as a business phone.  Typically, it is not a good business practice to have the fax number and phone number be the same – it denotes a certainly small mindedness to the underwriter – having a dedicated fax line usually indicated that the business receives a fair amount of faxes enough to warrant it’s own separate fax number.

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