Credit Evaluation School - May 2023

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

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.