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Commercial Loan Checklist            Printable Checklist

Listed below is a checklist of initial items required to evaluate a commercial loan request so that we can provide a Letter of Interest (LOI).*

Purpose of loan
Use of funds

Description of property
Site description
3 yrs. historical operating statements on property
Current year-to-date (YTD) operating statement
Lease summary/rent roll
Purchase price or original cost
Timing requirements to fund property
Significant improvements made to property
Required improvements necessary, if any
Color photos
Resume/background on borrowers
Existing lender, rate, and term

*This is not a commitment to lend. Commitments can only be issued after all information necessary has been reviewed, accepted, and approved by loan committee.





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