LEASE SUBMISSION SUPPORT DOCUMENTATION AND CHECKLIST
FOR LEASES OF ALL TYPES (NEW EQUIPMENT & SALE-LEASEBACK) TO SOLE PROPRIETORSHIPS, PARTNERSHIPS AND CORPORATIONS. WE NEED ALL OF THE PROCEEDING LOAN INFORMATION REQUESTED ON BOTH THE INDIVIDUAL AND THE BUSINESS IN ADDITION TO THE FOLLOWING.
_____NEW EQUIPMENT LEASE-A LIST OF THE NEW EQUIPMENT THAT THE BUSINESS WISHES TO ACQUIRE-EITHER A VENDOR ESTIMATE OR INVOICE WHICH ALSO STATES PRICE THAT WAS NEGOTIATED.
_____PROFESSIONAL USED EQUIPMENT SALE-LEASEBACK-A LIST OF THE MEDICAL/DENTAL EQUIPMENT WITH SERIAL NUMBERS , BRAND AND ORIGINAL COST TO BE PURCHASED AND LEASED BACK.
BUSINESS FINANCING ALTERNATIVES-SUPPORT DOCUMENTATION
IN ADDITION TO ALL THE PROCEEDING LOAN INFORMATION REQUESTED ON THE INDIVIDUAL & BUSINESS. THIS ADDITIONAL INFORMATION MUST BE PROVIDED:
______ACCOUNTS RECEIVABLE FACTORING OR ADVANCE-A LIST OF THE "AGING" OF THE RECEIVABLES CURRENTLY DUE WHICH ARE TO BE PLEDGED. THIS CAN BE PROVIDED AS A COMPUTER PRINTOUT OR AS CUSTOMER "LEDGER CARDS" INDICATING HOW MUCH IS DUE, WHEN AND FOR WHAT.
_____CONTRACT OR PURCHASE ORDER FINANCING ADVANCE-
_____COPY(S) OF THE CONTRACT(S) OR PURCHASE ORDERS.
_____BRIEF HISTORY ON THE COMPANY AND THEIR CUSTOMERS. CAN BE AS BRIEF AS A PARAGRAPH OR A COPY OF A BUSINESS PLAN. INCLUDE ADDITIONAL INFORMATION ON THE PRODUCTS OR SERVICES CONTRACTED FOR AND INFORMATION ON THEIR ABILITY TO PERFORM.
_____COMPLETE DESCRIPTION OF PROCEDURES. BASICALLY A TIME-LINE FROM BEGINNING TO END. INCLUDE NAMES, ADDRESSES, DATES, AND PHONE NUMBERS FROM INCEPTION TO REPAYMENT. DETAILED BUDGET OF COSTS INVOLVED IN FULFILLING THE PURCHASE ORDER OR CONTRACT. WHOLESALE COST OF SOFT GOODS, EMPLOYEES, PRODUCTION EQUIPMENT, ETC. ESPECIALLY RELEVANT FOR MANUFACTURERS AND IMPORTERS.
COMMERCIAL AND RESIDENTIAL MORTGAGE REFINANCING -APPRAISALS
IF EXISTING PROPERTY MORTGAGE IS TO BE REFINANCED IN ADDITION TO THE PREVIOUS LOAN INFORMATION REQUESTED. YOUR CLIENT SHOULD BE PREPARED TO PROVIDE A COPY OF A RECENT APPRAISAL (6 MONTHS OLD) INDICATING TODAY'S MARKET VALUE ON THE PROPERTY BEING REFINANCED.
