Credit Evaluation School Dec 2022

COMMERCIAL LOANS WORKING CAPITAL AND EQUIPMENT

What is it: A loan to a commercial business for business purposes typically for operating purposes (working capital line of credit) or for the purchase of equipment to be used in the business.

3. PRIMARY DOCUMENTS REQUIRED: ☐ Promissory Note ☐ Borrowing Resolution ☐ Articles of Incorporation ☐ Security Agreement ☐ Lien Search ☐ Financing Statement (properly filed) ☐ Evidence of Insurance ☐ Tax Returns ☐ Balance Sheet and Profit and Loss Statement ☐ Guarantees (if applicable) ☐ Financial Statement for Guarantors (if applicable) ☐ Tax Returns for Guarantors (if applicable)

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