Loan Solutions
Overview
Loan Checklist
You may be asking yourself, “Where do I begin?” Our Loan Consultants will help you take the first step in gathering the information you need to apply for a loan. A few things that will be required from any lending institution include:
- Financials - Three years of financial statements presented in generally accepted accounting practice (often referred to as GAAP) and a current year to date financial statement.
- Appraisal - A current market appraisal of your property.
- Resolution - A corporate resolution authorizing the borrowed amount and authorized signatures to sign the loan.
- Constitution - Copy of current constitution and bylaws.
- Title Search - Run a current title search to be sure there are no liens or encumbrances.
- Survey - A current survey of the property.
