INSTRUCTIONS:
The Loan Request Form: If you have not legally established or
incorporated your company name, please provide your preferred company name and indicate
(proposed), if you will be trading under a different name list your dba/
_______________ (doing business as).
Bank information is for personal as well as business accounts. Accountant and
attorney should be listed if you have one. Trade references only apply if you
already own the business and seeking an expansion loan.
Project
Cost Estimates: We will complete this form,
but if you have a detailed breakout of costs please attach or include.
Source
of Capital Injection: We need to know the sources for you to make the down payment. Copies of
Bank or Financial Statements should be included.
Borrowers
Authorization To Release Information: Needs to be signed and dated by all partners who
will own 20% or more of the newly started or acquired business.
Personal
Income and Expense: List your expected income after the acquisition or start-up of the
business should include spouse’s income (if married). Expenses should be
realistically portrayed and adjusted to the living situation and/or personal
expenses you will have after the purchase or opening the business. Numbers
should be annualized (one year totals).
Personal
Financial Statement: Updated information needed
for your PFS. Most commonly omitted is Section 2 (notes payable). This section
refers to: Auto loans, credit cards, and personal bank loans. Omit credit cards
or debt where the balance is paid off monthly. Section 5 refers to personal
property like furniture, jewelry, household items and valuable collections,
please list general categories with $ amounts. Section 4 should include all
personal properties including home, vacation home, rental home, land and home
equity loans (detailed information must be provided).
Management
Resume: Basic
Information and dates need to be filled out, but you can attach a resume if you
have one. You must respond to the
4506
–Request For Copy or Transcript of Tax Forms – Just fill-out 1(a) and 1(b) and 2(a) and
2(b) if married and filing jointly and sign and date it at the bottom of the
page. You need to include 3 years of personal tax returns with your
application.
Personal
History: Fill-out 1-9. Must answer truthfully
questions 6-8. If you answer “yes” to any of these, you should include an
explanation of circumstances, charges and outcome.
Other
documents: Required Include: 3 years
personal tax returns, articles of incorporation (if incorporated), last years
W-2 or 1099 form, and green card or alien registration card (if not a US
citizen).
For
Business Acquisition: Start-Up or
Acquisition of Franchise
3 Years Corporate Tax Returns Total Investment Required (Start-Up Franchise)
Purchase Agreement Purchase Agreement (If purchasing franchise)
Description of Business (Brochures) UFOC (For franchises only, and if you have a copy)
Office Lease Draft or Final Office Lease (If Available)
Financial Statement, P&L, Balance Sheet, Business Plan (for independently run start-up businesses)
(should be no older than 45 days) Business Plan (for start-up franchise if one available)
If
you need assistance on developing a business plan, visit us at: www.diamondfs.com or www.easysba.com
To
complete the application: After filling out the
information (preferably on your computer), please email it back to us at [email protected] or print out the total
application and fax it to us at (732) 495-7058.
Please remember to mail our processing fee of $250 (Payable to Diamond
Financial Services) when sending in your initial application package. We will review the application and send an
original to you for your signatures.
Then return the application and all supporting document to:
West