Credit Evaluation School Dec 2022
Internal Use Only
Commercial Loans – Working Capital & Equipment
Primary Documents Required: • Promissory Note • Articles of Incorporation • UCC Lien Search/UCC-1 Financing Statement • Guarantees
• Borrowing Resolution • Security Agreement • Agreement to Provide Insurance • Financial Statements
35
Internal Use Only
Commercial Loans – Commercial Real Estate
What is it: A loan to a commercial business for business purposes secured by real estate for the purpose of purchasing, acquiring, developing, or constructing an income producing property. Typical loans within this category are business and industrial properties, apartment or condominium buildings, hotels, hospitals, golf courses, nursing homes, mini ‐ storage warehouses, etc.
36
Made with FlippingBook Digital Proposal Maker