Qualifications:- Credit score 730+- Business with history of growth - Business with at least 250k in gross sales for the year.
*You do not have to include information on income from alimony, child support or separate maintenance, unless you want it to be considered in granting credit, in which case it should be included in the space for other income.
By signing below, you certify that the statements above and on any attachment(s) are true and complete as of the date below.
You authorize the Bank to verify or check any of the information given, check your credit references, and verify employment. You also authorize the Bank to provide credit information about you and your account to others. You are hereby granting the Bank permission to access your credit bureau reports and other information from third parties so that we can consider you for loan products that are suitable and which we may offer to you, including, but not limited to: term loans, lines of credit, and commercial/business credit cards, and also in the future in connection with periodic reviews, updates, renewals, extensions and collection activity for the credit granted as a result of this application. If you ask we will inform you whether we have requested a consumer report and if we have, we will provide the name and address of the consumer reporting agency that furnished the report.
Your failure to provide to us any financial or other information we request, including but not limited to, a signed and dated Personal Financial Statement; a current year Balance Sheet and Income Statement; a signed and dated Business Debt Schedule; or your most recent 2 years Business and Personal Tax Returns (or copies of requested extensions to file those returns), may result in a decision to decline your application for credit. Note: SBA loans or credit requests over $1 million require Business and Personal Tax Returns for the most recent 3 years.
Federal law requires us to verify information that identifies you and others on an account. We need legal name, birth date, address, and tax identification, and may ask to review photo identification and other identifying documents or information.
The undersigned has/have submitted or intends to submit to the Bank one or more requests for credit, and understands that the Bank will be relying on information submitted in connection with those requests for credit. It is acknowledged that the loan structures and amounts may change during the normal course of the underwriting process, including the parties to the request for credit. The request for credit currently involves the parties set forth below. He/She intends to apply for/guarantee the request for credit and submits this Personal Financial Statement (PFS), either individually or jointly with another person, in support thereof. The undersigned understands that he/she is entitled to apply for and/or guarantee credit individually regardless of marital status, that the Bank can assess whether or not the undersigned qualifies for the request for credit, and that the Bank may be entitled to request an individual financial statement or additional information/obligors as permitted by law and regulation. This Certification is intended to supplement information submitted by the undersigned to Bank in connection with the request for credit and is not a replacement thereof.
This Personal Financial Statement may be in the form of an electronic record and may be executed using electronic signatures and shall be considered an original, and shall have the same legal effect, validity and enforceability as a paper record. This Personal Financial Statement may be executed in as many counterparts as necessary or convenient, including both paper and electronic counterparts, but all such counterparts are one and the same Personal Financial Statement. For the avoidance of doubt, the authorization under this paragraph may include, without limitation, use or acceptance by the Bank of a manually signed paper Communication which has been converted into electronic form (such as scanned into PDF format), or an electronically signed Communication converted into another format, for transmission, delivery and/or retention.
Important Notice About Your Right To Receive A Copy of An Appraisal If a 1-4 family residential property is being offered as collateral on your request, we may order an appraisal to determine the property’s value and charge you for this appraisal. If an appraisal is ordered At your request, a copy of this appraisal will be provided to you at no additional cost, even if your loan does not close.
Co-Applicant or Guarantor Signature, if applicable: