flo.LOANS Biz Loan Application

Business Loan Application

Step One {Смотрите: вы можете выбрать язык ВЫШЕ.}
TYPICAL Application STEPS:
1. Complete this form.
2. Receive an email to confirm your identity, get other owners' info and signatures, and continue the application process. CHECK YOUR EMAIL to continue.
3. We will call you once you have completed the application to discuss your needs and plans.
4. We use your information to discuss with potential lenders and capture their interest.
5. We select the best-matched lenders for your needs and begin the application process with them. They may require additional documentation in order to qualify you for the best terms.
6. Finally, the lender(s) make an offer and you select the best loan, then sign and receive your funding.
  (Timing can be from days to a few months, depending on the kind and complexity of the loan. We work hard to expedite the process for you!)
An incomplete application can delay your funding!
Primary Applicant Name*

First NameLast NameSuffix
E-mail of Applicant*
Permission to communicate via email, text, and phone?*

Yes
Mobile Phone number of Applicant (or best contact phone number) *
undefined
Date of Birth of Applicant*

MonthDayYear
Social Security Number*
Percentage of business you own? *
Personal Credit Score
You can get your FREE credit report. (CLICK HERE)
Upload your Personal Credit Score (if you have it) Primary Applicant

You can use your cell phone camera.
Cancelof
Please provide info on ALL Businesses OWNED by this borrower...
1. Articles of Certification of Incorporation;
2. Company Bylaws;
3. 3 Years of Federal BUSINESS Tax Returns (all schedules);
4. Current Interim Financials (profit & loss and balance sheet);
5. A Business Debt Schedule - listing lender, balance, and monthly payment.
6. Above information on any affiliated businesses (if the borrower has a controlling interest in other businesses)
7. A copy of your business insurance policy (general or professional liability)
8. 6 months of bank statements from the account where our business deposits are made.
9. Aging report for your Accounts Receivables.
If you are applying for an SBA loan, please include the following:
1. SBA for 413, Personal Financial Statement (Download a copy HERE fill out and upload below);
2. SBA Form 1919, Borrower Information (Download a copy HERE fill out and upload below);
3. SBA Form 912, Statement of Personal History (Download a copy HERE fill out and upload below);
4. A Business Plan with projections;
If you are purchasing a fixed asset (such as real estate, equipment, etc.), please include the following:
1. A copy of the purchase agreement (if an agreement has occurred)
2. If you are purchasing an existing business or new franchise, please provide the following:
3. 3 Years of federal business tax returns
4. Current interim financials (profit & loss and balance sheet)
5. Letter of intent or purchase agreement
6. Copy of the franchise agreement
Upload those files here. Primary Applicant

You can use your cell phone camera.
Cancelof
Are you willing to sign a personal guarantee of the loan? (This can impact your terms and eligibility.)*

YesNo
Any potential collateral and their current value. (home, equip., property, etc.)
Do you own other businesses? REMEMBER to upload those documents above. Applicant-1

YesNo

CLICK to Provide Company Info
Company Legal Name*
dba (doing business as)
Company Legal Structure*
Company URL
Company EIN
Date Company Started - approximately

MonthDayYear
Current Business Location

Street Address

Street Address Line 2

CityState

Zip Code
Business Plan if you have one already. Applicant-1

You can use your cell phone camera.
Cancelof
Marketing Plan if you have one already Applicant-1

You can use your cell phone camera.
Cancelof
Have you recently applied for a loan or are working with another lender?*

YesNo
Lender Name... (If working with one. If not put n/a)*
Have you previously been funded?*

YesNo
Describe past funding... When, Amount, & for what... (If previously funded. If not put n/a.)*
Is your business involved in ANY of these activities: e-cigarettes, marijuana, gambling / gaming, adult entertainment, illegal activities?*

YesNo
Industry/Vertical

OWNERS INFORMATION: Add Owners who own 25% or more.
Include ALL information on each owner of 25% or more. Credit score info and a signature will be added by each owner. Emails will be sent to them.
Applicant-2 Name (anyone owning 25% or more of company)

First NameLast NameSuffix
E-mail of Applicant-2
Applicant-2 percentage ownership?
Applicant-3 Name (anyone owning 25% or more of company)

First NameLast NameSuffix
E-mail of Applicant-3
Applicant-3 percentage ownership?
Applicant-4 Name (anyone owning 25% or more of company)

First NameLast NameSuffix
E-mail of Applicant-4
Applicant-4 percentage ownership?

Text of the agreement
By completing this form, each of the above-listed businesses and business owners/officers (individually and collectively, "you") authorize flo.LOANS*, a business lending broker, and each of its representatives, successors, assigns, and designees ("Recipients") that may be involved with or acquire commercial loans having daily repayment features or purchases of future receivables including flo.LOANS transactions, including without limitation the application therefor (collectively, "Transactions") to obtain consumer or personal, business, and investigative reports and other information about you, including credit card processor statements and bank statements, from one or more consumer reporting agencies, such as TransUnion, Experian, and Equifax, and from other credit bureaus, banks, creditors and other third parties.

You authorize flo.LOANS to transmit this application form, along with any of the foregoing information obtained in connection with this application, to any or all of the Recipients for the foregoing purposes. You also consent to the release, by any creditor or financial institution, of any information relating to any of you, to flo.LOANS and to each of the Recipients, on its own behalf."

In Addition, you expressly consent to receive marketing and other calls, emails, and messages, to landline, wireless, or similar devices, including auto-dialed and pre-recorded message calls, and SMS messages (including text messages) from Recipients, at telephone numbers that you have provided. Message and data rates may apply. Your consent to receive marketing calls is not required for your application; if you do not consent do not provide a cell phone number.
* flo.LOANS is a dba of King's Venture, LLC in Colorado Springs, CO, USA www.flo.LOANS

I/We certify that all the information contained herein is complete, true, and accurate.
Fee Agreement
This agreement is made this day by and between King's Venture LLC dba flo.LOANS (Broker) and all owners of {companyLegal} (Client) concerning the project described below. This Agreement serves to set forth the understanding in connection with the proposed financing as depicted herein below:

Project Name: Debt financing for above stated purpose.

CLIENT’S AGENT – flo.LOANS is hereby engaged as the Client’s agent and is authorized to solicit funding for Project Name from any or all of the sources of capital that flo.LOANS deems reasonable and to negotiate terms with such funding sources.

Applicants understand that flo.LOANS is not a direct lender and none of its funds will be used to finance the Project.

LENDERS – flo.LOANS is hereby authorized to solicit loan applications for the Project from lenders and funding sources that can deliver acceptable financing terms. flo.LOANS shall be Client’s only agent for financing this project during the term of this agreement.

NO GUARANTEE OF FINANCING SUCCESS – flo.LOANS agrees to use reasonable commercial efforts to obtain and close financing for the Project. flo.LOANS does not guarantee that financing can or will be obtained. flo.LOANS will not be liable to the Client for any losses or damages whatsoever in the event financing is not obtained.

Success Fee. The Client agrees to pay flo.LOANS a success fee equal to 1% for funding secured as defined in this “Project” for which flo.LOANS was the procuring cause of the financing. The success fee is fully earned when the financing has been approved in writing by a lender with the terms and conditions acknowledged in writing to be acceptable to the Client and loan documents are executed.

Other Fees. The Client will pay all customary fees, escrow/closing, and other reasonable expenses necessary for the closing of said funding, including without limitation title insurance, attorneys fees, escrow, notary, tax service, recording, structural/seismic report, environmental audit fees, survey fees, credit reports, commitment, and standby fees if any, and appraisals if required.

Payment From Closing Proceeds. Client agrees that flo.LOANS has the right to require that payment of the SUCCESS FEE be made directly out of the proceeds and/or closing costs and disbursed directly from escrow/closing, and Client hereby irrevocably appoints flo.LOANS its limited Attorney-in-Fact for the sole purpose of issuing instructions to Escrow/Closing Holder to pay the SUCCESS FEE directly to flo.LOANS.

Client further agrees that flo.LOANS may use this executed Fee Agreement as a demand in escrow/closing, directing Escrow/Closing Holder to pay and remit the fee.

DURATION OF AGREEMENT. This agreement shall be valid for a period of (six) 6 Months from the date hereof. Unless canceled in writing by Client at the end of said period, this agreement will automatically be extended for an additional 30 days, at the end of which time it will terminate unless extended in writing by both parties.

CLIENT’S DUTIES – The Client agrees to provide any and all requested information required by flo.LOANS or any funding source with whom a request is made, in a full and timely manner. Additionally, the Client shall execute and deliver the appropriate completed forms that may be customarily required to secure funding on the Project including this authorization to release information for credit
scores.

FULL AUTHORITY TO EXECUTE THIS AGREEMENT ON BEHALF OF ALL PARTIES INVOLVED IS WARRANTED TO BE HELD BY flo.LOANS.

ACCEPTED AND AGREED TO:

Signatures
Please verify that you are human*
I affirm that the information herein is complete and accurate.*

Yes
BE SURE everything is complete, including the OWNERS section if there is more than one owner.
Signature of Primary applicant*

Clear
Check your email after submitting this application. Other owners will be sent a copy to be signed.

Should be Empty:

Business Loan Application