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Business Loan Application

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BUSINESS LOAN APPLICATION




BORROWER'S DATA

Single Widowed Married Separated


Rented Owned Others


Male Female

FINANCIAL CONDITION (For Individual Borrower Only)

BORROWER:


Present Monthly Income

BORROWER SPOUSE:


Non-Officer Officer

Present Monthly Income

FINANCIAL REFERENCES

LOANS

CREDIT CARDS

DEPOSITS

TRADE REFERENCES

For Partnership and Corporations

OWNERSHIP AND CAPITAL STRUCTURE

Capital Structure

BOARD OF DIRECTORS AND KEY OFFICERS

Board of Directors

Position

Key Officers

Position

AFFILIATES/SUBSIDIARIES/ RELATED INTEREST

SKETCH OF RESIDENCE

SKETCH OF BUSINESS LOCATION

U N D E R T A K I N G

I/We certify that all information contained in this application are true and correct. I/We authorized Sun Savings Bank to obtain such information as may be required concerning the statements made in this application and that the source to which Sun Savings Bank may apply for such information are hereby authorized to provide the same. We agree that the loan application shall be subject to Bangko Sentral ng Pilipinas rules, regulations and policies of the Bank and hereby undertake to comply with/submit all the loan requirements. I/We agree that the application may remain the bank's property whether the credit is granted or not.

SIGNATURE OF BORROWER/
AUTHORIZED SIGNATORY/IES (for Partnership/corporation)

SIGNATURE OF SPOUSE (if applicable)

FOR BANK USE ONLY

Cash Check

Business Loan Application Document Checklist

DOCUMENTATION CHECKLIST:

Fully filled-out Loan Application Form signed by applicant & spouse / or authorized signatories

Audited Financial Statement / In-house FS

BIR stamped ITR for the last 3 years

Bank statements for the last 6 months of all major depository banks

In-house Financial Statements for the last 3 years

Interim Financial Statements for the current year

Marriage Contract (if married)

Two (2) Passport Size Pictures (applicant)

Photocopy of any government issued I.D. (applicant & spouse)

Community Residence Certificate – Cedula

Required If in Business

Business Registration Documents

DTI Certificate of Registration - sole Proprietorship

SEC Registration & Articles of Incorporation/Partnership & amendments

By-Laws of Corporation/Partnership and Amendments, if any

Company Profile with ownership structure, manpower complement, product lines/services provided

General Information Sheet, management credentials, brief background major stockholders and key officers

List of Suppliers and Customers with contact persons and telephone numbers (at least 5 each)

Others (as required by the Bank)

Date Submitted/Received by

Enter text✕

What a Business Loan Application Is and when it’s used

A Business Loan Application is a formal document submitted to a lender to request credit for a commercial purpose. It collects identification, business formation details, tax identifiers, ownership information, financial statements, and the requested loan amount and use. Lenders use the application to evaluate creditworthiness, collateral, and repayment capacity. Applications may be submitted for term loans, lines of credit, equipment financing, or SBA-guaranteed loans and typically trigger due diligence steps such as verification of revenue, bank statements, and background checks.

Why a complete Business Loan Application matters

A thorough application speeds underwriting, reduces follow-up requests, and improves approval odds by giving lenders verifiable financial and ownership data. Accuracy also affects interest rates, collateral requirements, and closing timelines.

Why a complete Business Loan Application matters

Who completes and reviews Business Loan Applications

Business owners and authorized officers complete the application; lenders, underwriters, and third-party verifiers review it.

  • Small business owners preparing to borrow for growth or working capital.
  • CFOs or finance managers submitting applications for company borrowing needs.
  • Loan officers and underwriters assessing credit, collateral, and repayment plans.

Identifying the correct signatory and including accurate supporting documents reduces processing delays and legal risk.

Essential information fields on the application

Business Legal Name: Exact registered name
Tax ID / EIN: Employer Identification Number
Business Address: Street, city, state, ZIP
Ownership Percent: Ownership stake for each owner
Requested Amount: Loan principal requested
Purpose of Loan: Use of proceeds summary

Step-by-step: completing the application

Follow these sequential steps to prepare an accurate Business Loan Application and minimize follow-up from the lender.

  • 01
    Gather records: Collect tax returns, bank statements, and financials.
  • 02
    Complete fields: Enter legal names, EIN, addresses, and ownership details.
  • 03
    Attach support: Upload balance sheets, profit & loss, and bank docs.
  • 04
    Sign and submit: Authorize signers sign and route to lender.

How to configure an online completion workflow

Set up an e-submission workflow to collect data, attachments, and signatures in sequence.

Field Configuration
File Upload Allow PDF, DOCX, or image uploads for statements
Conditional Fields Show lender-specific questions when loan type selected
Signature Order Set business signer before guarantor signer
Authentication Use email + SMS code for primary signer

Technical considerations for eSubmission and signing

Confirm integration, file types, and authentication before sending the application electronically.

  • Integrations: Connectors for Salesforce, NetSuite, and Google Workspace
  • File Formats: PDF, Word DOCX, and Excel supported
  • Signer Authentication: Email link, SMS code, or KBA options

Ensuring platform compatibility with your lender reduces processing friction and preserves the audit trail required for compliance and underwriting.

Typical online submission flow

A standard eSubmission follows predictable steps from upload through final audit trail.

  • Upload: Sender uploads application and attachments
  • Prepare: Place required fields and signature blocks
  • Sign: Authorized signers authenticate and sign
  • Deliver: Signed package delivered with audit record

Processing timelines and typical lender deadlines

Timelines vary by lender and loan type; expect multiple review stages that affect total turnaround.

Initial review timeframe:

Usually several business days for completeness checks

Underwriting period:

May take one to several weeks depending on documentation

Document updates:

Respond to lender requests promptly to avoid delays

Closing window:

Closing typically follows approval by a few business days

SBA-specific loans:

SBA processes and timelines commonly exceed conventional commercial loans

Common application mistakes to avoid

  • Using an incorrect legal name or EIN, which prevents automated identity and tax matching.
  • Submitting incomplete financial statements or unstated accounting periods, causing request-for-information cycles.
  • Failing to disclose existing liens or judgments, which can lead to denial or loan recapture.
  • Having unauthorized signers execute documents, creating enforceability disputes and underwriting delays.

Consequences of errors or omissions

Application Rejection: Incomplete or inaccurate data
Delayed Funding: Missing documents or signatures
Higher Costs: Additional due diligence or rescission
Legal Exposure: Misrepresentation risk
Credit Impact: Hard inquiries or defaults
Regulatory Risk: Noncompliance with lending laws

Representative eSignature provider comparison for loan workflows

Comparing common eSignature plans and capabilities helps decide which vendor aligns with compliance and volume needs.

signNow DocuSign Adobe Sign PandaDoc HelloSign
Starting Price $8/user/mo $15/user/mo $14/user/mo $19/user/mo $15/user/mo
Free Trial 7-day free trial Varies by offering Varies by offering Varies by offering Varies by offering
Bulk Send Yes Yes Yes Yes No
Audit Trail Yes Yes Yes Yes Yes
HIPAA Compliant Yes Yes Yes No No
Envelope Cap No envelope cap 100 envelopes/user/year Varies Varies Varies

Real-world examples of Business Loan Application use

These short examples show practical scenarios where accurate application workflows mattered.

Optica Ventures (COO)

The interface is simple and easy-to-use for our team; more importantly, it is just as easy for our customers.

  • Streamlined submission
  • This reduced back‑and‑forth with lenders and helped accelerate deal flow while preserving document security and audit records.

Martin Properties (Founder)

I can process and execute all of these documents online with 100% compliance and built-in security.

  • Mobile and offline signing
  • This allowed field agents to complete applications on-site and reduced closing times on property loans.

Frequently asked questions about Business Loan Applications

Answers to common questions about completions, eSigning, supporting documents, and common rejections.


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