| Application-Only
Equipment Loans and Leases |
ATY Credit Application
Description of the equipment to be purchased (e.g.,
new/used, make, model, model year, and cost)
Requested finance terms (loan or lease, length of term)
|
| Full Disclosure
Transactions |
Above, plus:
Year-end company financial statements for the past
three years (plus corresponding company tax returns
if the financial statements are not audited)
Most recent interim financial statement available,
plus the interim statement for the corresponding period
of the prior year |
| Full Disclosure
Transactions For all "S-Corps" Or Closely Held
Organizations |
Above, plus:
Personal financial statement(s) for all 25% (or greater)
owners, signed and dated within the past three months
Most recent two personal tax returns for all 25% owners
|
| Full Disclosure
Transactions For All Revolving Lines of Credit |
Above (Closely Held Organizations) plus recent A/R
and A/P aging reports |
| Full Disclosure
Transactions For All Real Estate Loans |
Above (Closely Held Organizations) plus a detailed
description of the subject property, including:
- Property Address
- Property Description (e.g., 2 acres unimproved land,
or 2 acres land with a 2-story 10,000 sf building
currently used as warehouse space, etc.)
- Copy of agreement of sale (properties to be acquired)
- Copy of appraisal (if available)
- Monthly payment, outstanding balance and current
mortgagor (refinances)
|
