Can I sign the application electronically?

Yes. Electronic signatures are generally valid under the ESIGN Act (15 U.S.C. ch. 96) and UETA in applicable states. Verify lender policy and any exceptions for specific documents.

Do lenders accept e-signed financial statements?

Many lenders accept e-signed financials if the signature method meets their authentication and retention standards; sensitive healthcare data may require a BAA under HIPAA.

What supporting documents are typically required?

Common attachments include three years of tax returns, year-end and interim financials, ownership schedules, collateral exhibits, appraisals, and corporate authorization documents.

How do I correct errors after submission?

Notify the lender immediately. Minor corrections may be addressed via an amendment or corrected exhibit; material misstatements can affect approval and create legal exposure.

Is notarization required for a loan application?

Not usually for the application itself, but certain closing documents (e.g., mortgages, deeds) often require notarization or RON depending on state law and lender policy.

How do I withdraw or cancel an application?

Contact the submitting lender or broker in writing. Withdrawal procedures vary; confirm any fees or obligations tied to due-diligence costs before withdrawing.

Electronic Signature
Templates
Finance
Commercial Loan Application

Commercial Loan Application

This template is fully customizable. Edit the text, fill out the fields, and send it for signature. Give it a try!

SELF-HELP COMMERCIAL LOAN APPLICATION

BASIC INFORMATION Please tell us about your business or organization.

Business or Organization Name

Who referred you to us?

Street Address

City

State

Zip Code

County

Federal Tax ID # (if incorporated)

Type of Business

Date Started

Today’s Date

Legal Structure (please check one)

C Corporation S Corporation Nonprofit Corporation Limited Liability Corporation Legal Partnership Sole Proprietorship

Are you thinking about changing your legal structure?

Contact Person

Business Phone

Home Phone

E-mail

Number of employees now

How many jobs will this loan create?

Briefly describe your business or organization & what you plan to do with this loan:

PROJECT INFORMATION Please tell us about your project and/or start-up budget.

Uses of Funds

Land and/or Building Purchase

New Building Construction

Building Improvements

Machinery and Equipment

Inventory

Working Capital

Other

Sources of Funds

Loan Requested

Owner’s Investment

Other Funding Sources (specify)

Total Project Uses

Total Project Sources

COLLATERAL Please tell us about the assets available to secure this loan.

Asset	Value of Asset	Loans on Asset	Address of Asset
Property 1
Property 2
Inventory
Equipment
Accounts Receivables
Other (please specify):
Other (please specify):

Name(s) of Possible Co-Signer(s) for Loan Request:

MANAGEMENT INFORMATION AND ACKNOWLEDGMENTS

Please read the following and complete the information below.

The undersigned hereby certifies that the information contained in this application and related materials is true and correct. The undersigned hereby further certifies that the proceeds of any loan made as a result of this application will be used for business or organizational purposes only, and will not be used for personal or consumer purposes.

Executive Director

Name (print) Address SSN or TIN Date of Birth % Ownership Title/Function Signature Date

Treasurer

Name (print) Address SSN or TIN Date of Birth % Ownership Title/Function Signature Date

Board Chairperson

Name (print) Address SSN or TIN Date of Birth % Ownership Title/Function Signature Date

Please send this application form and the required attachments to the Self-Help office nearest you, as listed below.

SELF-HELP REGIONAL OFFICE LOCATIONS

Asheville: 34 Wall St., Suite 704, Asheville, NC 28801 (828) 253-5251 (800) 229-7428

Charlotte: 926 Elizabeth Ave., Suite 302, Charlotte, NC 28204 (704) 409-5900 (800) 394-7428

Durham: 301 W. Main St, PO Box 3619, Durham, NC 27702 (919) 956-4400 (800) 476-7428

Fayetteville: 100 Hay St., Suite 300, Fayetteville, NC 28301 (910) 354-1010 (800) 774-7966

Greensboro: 122 N. Elm St., Suite 1015, Greensboro, NC 27401 (336) 378-1840 (800) 269-7426

Greenville: 301 S. Evans St., Suite 306, Greenville, NC 27858 (252) 752-8866 (800) 893-9669

Wilmington: 272 N. Front St., Suite 215, Wilmington, NC 28401 (910) 341-3272 (877) 559-4284

BUSINESS NOTES PAYABLE SCHEDULE

Business or Organization Name

Date

Instructions: Please include on this schedule all existing notes and long-term leases of your business or organization, including mortgages, revolving credit arrangements, factoring agreements, equipment leases and any other type of debt, secured or unsecured.

Creditor	Original Amount	Original Date	Balance Due	Monthly Payment	Maturity Date	Interest Rate	Collateral

DISCLOSURE OF RIGHT TO REQUEST SPECIFIC REASONS FOR CREDIT DENIAL

The undersigned Applicant hereby acknowledges that he/she is aware that under the provisions of the Equal Credit Opportunity Act, he/she has the right to receive a written statement of the specific reason(s) for the denial if this application for credit is denied.

Applicant

Date

COMMERCIAL LOAN CONSENT FORM

In connection with the application of (the “Borrower”) for a commercial loan from Self-Help, Borrower understands and agrees that:

INITIAL ALL THAT APPLY:

Self-Help may disclose Borrower information to third parties as required by program arrangements. Borrower grants permission to use Borrower’s and employees’ names, photographs, likenesses, images, trademarks, and related information for promotional purposes.

By signing below, I certify that I am authorized to sign this consent on behalf of the Borrower.

By

Name

Title

Date

PERSONAL FINANCIAL STATEMENT

Indicate which this is: Individual Financial Statement OR Joint Financial Statement

If married, you must submit a joint statement with your spouse.

Name of First Individual Social Security Number or TIN Address City, State, Zip Employer Home Phone

Name of Second Individual Social Security Number or TIN Address City, State, Zip Employer Home Phone

ASSETS

LIABILITIES

Section 1. Deposit Accounts

Financial Institution	Acct. Number	Acct. Type	Balance

Section 2. Sources of Annual Income

Section 3. Installment Loans, Credit Accounts and Auto Payments

Noteholder(s) Name and Address	Original Balance	Current Balance	Monthly Payment	How Secured / Endorsed?	Type of Collateral?

Section 4. Stocks and Bonds

Number of Shares	Name of Securities	Cost	Market Value	Quotation/Exchange	Date of Quotation/Exchange	Total Value

Section 5. Real Estate Owned

	Property A	Property B	Property C
Type of Property
Title in Name of
Address
Date Purchased
Original Cost
Present Market Value
Name and Address of Mortgage Holder
Mortgage Balance
Amount of Payment per Month

Section 6. Other Liabilities

Yes

No

If yes, describe below or on a separate attachment.

Are you a guarantor, co-maker or endorser for any debt of another?
Are you currently liable on any lease or contract?
Are there any suits or legal actions pending against you?
Are any tax obligations past due?
Are you obligated to pay alimony, child support or separate maintenance payment?
Have you ever had a judgment recorded against you?
Have you ever filed bankruptcy? If yes, list date of discharge.

Section 7. Life Insurance Held

Name of Person Insured / Insurance Company	Face Amount of Policy	Cash Surrender Value	Loans on Policy	Is Policy Assigned?

I am providing this financial statement for the purpose of obtaining or maintaining credit with SELF-HELP on my behalf or on behalf of others whose credit I may endorse, cosign or guarantee. I understand that SELF-HELP is relying on the information provided within this statement in deciding to grant or continue credit. I certify that THE INFORMATION PROVIDED IS TRUE AND COMPLETE and that SELF-HELP may consider this statement to be true and correct until a written notice of a change is given to SELF-HELP.

Signature

Date

Signature

Date

Checklist for Self-Help Application for Commercial Real Estate Loans

Note: this list contains items that are typically required for real estate loans, but we suggest you discuss the list with your loan officer so that it can be modified to meet the specific needs of your project.

1. Self-Help Application

Application signed by principal(s), including: Personal financial statement signed for all principals and guarantors Request for reason of denial signed by principal(s)

2. Property

Project description/business plan Site plan Renderings & schematics Recent photographs Phase I environmental site assessment, if available Appraisal, if available

3. Projections

Sources & uses of funds during construction and/or permanent Operating pro forma

4. Leasing/Sales

Copies of all leases and/or letters of intent (LOIs) Copies of all pre-sale agreements/LOIs

5. Operations

Agreement or LOI with property manager.

6. Construction

Description of architect Description of general contractor Copy of general contract and schedule of values or equivalent Detailed uses of funds to date & estimated costs to complete Description & amount of any contracts outside the general, if applicable

7. Ownership

If LLC: articles of organization & operating agreement If corporation: articles of incorporation & by-laws

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

A Commercial Loan Application is the formal package a business submits to a lender to request credit for operations, expansion, equipment, real estate, or acquisition financing. Typical submissions include borrower and owner information, the requested loan amount and purpose, business and personal financial statements, tax returns, collateral descriptions, and authorizations for credit checks. Lenders use the application to underwrite creditworthiness, assess collateral and cash flow, and establish required conditions for approval. The application creates a written record the lender relies on for pricing, covenants, and subsequent documentation at closing.

Why completing a clear Commercial Loan Application matters

A complete, accurate application accelerates underwriting, reduces follow-up requests, and documents borrower representations for compliance and audit purposes. It helps lenders evaluate risk, set terms, and prepare closing documents consistently.

Who prepares and who signs the Commercial Loan Application

The application is prepared by the borrowing entity and its authorized representatives and reviewed by lenders, brokers, and counsel before credit decisions are made.

Borrowers and owners: Business officers, partners, or authorized managers complete company and ownership sections with supporting financials.
Loan brokers and originators: They assemble documentation, verify completeness, and submit the package to one or more lenders.
Lenders and underwriters: Credit officers, compliance, and legal teams use the application to approve terms and prepare closing documents.

Accurate roles and correct signatory authority reduce processing delays and limit post-closing disputes over who bound the borrower to loan terms.

Core sections found in a professional Commercial Loan Application

A well-structured application groups data into the borrower profile, ownership and guarantor details, financial disclosures, collateral schedules, loan use description, and required certifications and authorizations.

Borrower Profile

Legal entity name, formation date, business address, jurisdiction of formation, industry classification, and primary contact information used to identify the obligor.

Ownership & Guarantors

List of owners with ownership percentages, SSNs or EINs for credit checks, and personal financial statements where personal guarantees are required.

Loan Request

Requested amount, proposed term, loan purpose (working capital, acquisition, refinance), and preferred repayment structure for underwriting.

Financials & Tax Returns

Most recent interim and annual financial statements, federal tax returns, accounts receivable/payable aging, and cash-flow projections for underwriting analysis.

Collateral & Liens

Description of assets offered as security, existing lien positions, UCC filing details, and any real estate addresses for mortgage perfection.

Certifications & Authorizations

Borrower representations, signature blocks, credit and background check authorizations, compliance attestations, and anti-money-laundering disclosures.

Security, compliance, and data items to protect

Encryption: TLS 1.2/1.3 in transit; AES-256 at rest

Audit Trail: Timestamped signing events and IP addresses

HIPAA Considerations: BAA required for PHI in healthcare deals

Access Controls: Role-based access and SSO recommended

Document Integrity: Tamper-evident PDFs and versioning

Retention Policy: Store per regulatory retention schedules

Step-by-step: completing and submitting the application

Follow these four core steps to prepare a complete submission and reduce lender follow-up requests.

01

Gather Documents: Collect tax returns, financials, collateral documents, and ownership records.
02

Complete Form: Enter loan and borrower details exactly as source documents state.
03

Attach Evidence: Upload financial statements, appraisals, leases, and evidence of insurance.
04

Submit to Lender: Send package via portal, secure email, or physical delivery per lender instructions.

How to configure an online completion workflow

Configure fields, authentication, and routing to match your lender’s requirements and your internal approvals.

Field	Configuration
Signature Type	Electronic signature or wet signature allowed
Authentication	Email link, SMS code, or stronger KBA
Conditional Fields	Show guarantor fields when personal guarantee selected
File Types Accepted	PDF, DOCX, XLSX for financial attachments

Digital signing and system requirements for eSubmission

Use a platform that supports secure uploads, audit trails, and the authentication level your lender requires.

Integrations: Salesforce, NetSuite, Microsoft 365, Google Workspace
File formats: PDF, Word DOCX, Excel XLSX supported
Authentication: Email-only, SMS, KBA, or SSO options

Typical routing: where to send a completed Commercial Loan Application

Choose the delivery method your lender or broker prefers and include all attachments and authorizations in a single package.

Lender Portal: Upload as a consolidated PDF with labeled exhibits
Loan Officer Email: Send secure link or encrypted attachments per policy
Broker Submission: Provide broker with complete packet for syndication
Physical Delivery: Provide printed originals only if requested by lender

Common timelines and processing expectations

Timelines vary by lender and loan complexity; use these typical milestones to set expectations with stakeholders.

Acknowledgement:

Lender often acknowledges receipt within 1–3 business days

Underwriting Review:

Commonly 5–30 business days depending on document completeness

Credit Decision:

Conditional approval may follow within 1–4 weeks

Closing Scheduling:

Closing typically scheduled 1–3 weeks after final conditions

Document Retention:

Keep records per applicable retention schedules and lender requirements

Key milestones from submission to funding

A clear milestone sequence helps teams coordinate underwriting, legal, and funding activities.

01

Application Submitted

Complete package delivered to lender for intake and initial completeness check.

02

Underwriting & Due Diligence

Financial review, credit checks, collateral valuation, and compliance screening occur.

03

Approval & Conditions

Lender issues approval subject to final conditions and required documentation.

04

Closing & Funding

Execution of loan documents, perfection steps, and disbursement of funds.

Common mistakes that delay commercial loan processing

Missing or inconsistent financial statements cause repeated requests and slow underwriting turnover.
Mismatched legal names between formation documents, tax filings, and the application postpone UCC perfection.
Unsigned authorizations and absent corporate resolutions block credit checks and signature verification.
Incorrect or missing collateral descriptions prevent lien searches and delay closing.

Risks and potential consequences of incorrect or incomplete applications

Loan denial: Application rejected or deferred

Higher pricing: Approval with higher rates or stricter covenants

Delay in funding: Extended underwriting and closing timelines

Legal exposure: Misrepresentation may trigger rescission or claims

Lien priority issues: Improper perfection harms collateral position

Regulatory fines: Noncompliance may attract penalties

eSignature vendor comparison for commercial loan application workflows

Compare basic pricing, feature availability, and compliance capabilities when selecting an eSignature provider for loan application intake and execution.

	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	Yes, 7-day trial	Varies by vendor	Varies by vendor	Varies by vendor	Varies by vendor
Bulk Send	Yes	Yes	Yes	Yes	Varies by vendor
Audit Trail	Yes	Yes	Yes	Yes	Yes
HIPAA Compliant	Yes	Yes	Yes	No	No

Frequently asked questions about Commercial Loan Applications and eSigning

Answers to common questions about legality, signatures, corrections, and required supporting documents for loan applications.

Need help? Contact support

Can I sign the application electronically?
Yes. Electronic signatures are generally valid under the ESIGN Act (15 U.S.C. ch. 96) and UETA in applicable states. Verify lender policy and any exceptions for specific documents.
Do lenders accept e-signed financial statements?
Many lenders accept e-signed financials if the signature method meets their authentication and retention standards; sensitive healthcare data may require a BAA under HIPAA.
What supporting documents are typically required?
Common attachments include three years of tax returns, year-end and interim financials, ownership schedules, collateral exhibits, appraisals, and corporate authorization documents.
How do I correct errors after submission?
Notify the lender immediately. Minor corrections may be addressed via an amendment or corrected exhibit; material misstatements can affect approval and create legal exposure.
Is notarization required for a loan application?
Not usually for the application itself, but certain closing documents (e.g., mortgages, deeds) often require notarization or RON depending on state law and lender policy.
How do I withdraw or cancel an application?
Contact the submitting lender or broker in writing. Withdrawal procedures vary; confirm any fees or obligations tied to due-diligence costs before withdrawing.

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