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Business Loan Sample Application - Page 8

Lenders will ask you disclaimer questions to comply with state and federal regulations and also to protect their own interests.  In the event the answers to the disclaimer questions is a negative for the lender, you will have to provide explanation on a separate piece of paper.  Examples of disclaimer questions are:

Does the business or guarantor(s) have open tax liens or judgments?

Is the business or guarantor(s) involved in any lawsuits?

Is the business or guarantor(s) delinquent on federal or state taxes?

Is the business or guarantor(s) contingently liable as endorser & guarantor?

Is the business or guarantor(s) ever been disbarred from doing business with the U.S. government or any of it's agencies?

Has the business or guarantor(s) filed bankruptcy?

Are any assets of any guarantor(s) held in trust?

Are more than 20% of sales to any one customer?

Are your business and personal taxes current?

Is any business owner or guarantor(s) designated as a senior public figure?

Do you or your spouse or any member of household, or anyone who owns, manages or directs you business, or their spouses or members of their households, work for the small business administration, small business advisory council, score, ace, or a federal agency?

Do you buy from, sell to, or use the services of any company in which someone in your company has a significant financial interest?

Does your business currently engage in export trade (y/n)

Do you plan to being exporting as a result of this loan (y/n)

Does the business or guarantor(s) have open tax liens or judgments?

Is the business or guarantor(s) involved in any lawsuits?

Is the business or guarantor(s) delinquent on federal or state taxes?

Is the business or guarantor(s) contingently liable as endorser & guarantor?

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