Loan Request Package Definition

for Churches

 

Initial Package

1. Completed application form

2. Business tax returns including all supportive schedules (Last 3 years)

3. Business financial statements (Last 3 years)

4. Business interim financial statement

5. Executed Purchase agreement/escrow statement (if purchasing real estate

 

Loan Request Package

(After determination of loan eligibility)

1. Summary of the Loan Request

2. General Information

3. Church Key management composition

4. Church Organizational structure

5. Membership

6. Capital Campaign

7. Historical Balance Sheet and Income Statements

8. Projected Balance Sheet, Income Statement and Cash Flow

9. Summary of Financial Performance & Ratios

10. Account Payable Agings

11. Schedule of Fixed Assets

12. Property Appraisals / Project Information

13. Summary of Collateral Values

14. Personal Financial Statements

15. Business and Personal Tax Returns

16.  Additional Information