Documents
Resources
Learning Center
Upload
Plans & pricing Sign in
Sign Out

pmc_application

VIEWS: 0 PAGES: 14

									                                       PMC Commercial Trust
17950 Preston Road, Suite 600                                                              PHONE: 972-349-3204
Dallas, TX 75252                              www.pmctrust.com                               FAX: 972-349-3265
Attn:       Sarah McCready
                                        APPLICATION PACKET

                                       APPLICATION CHECKLIST
For all partners, owners, or guarantors, please provide the following:

             PMC's Credit application, signed and dated
             PMC's Original Personal Financial Statement (PFS), signed and dated
             Resume- use the one provided or attach a separate one
             Last 3 years personal Tax Returns (TR's) or an extension for most current year if past April 15th
             Bank or brokerage statements to match the Personal Financial statement liquid assets
             Copy of driver's license
             Copy of Alien Registration card, front and back

Please also mail originals (including signed personal financial statements) of any application materials
that are faxed and retain copies, as we will be unable to return documents once submitted.


                                       ESTIMATED PROJECT COST

             Land Acquisition                                     $
             New Building Construction                            $
             Land & Building Acquisition                          $
             Building/Leasehold Improvements or Repairs           $
             Equipment/Furniture Purchase                         $
             Inventory Purchase                                   $
             Closing Costs                                        $
             Debt Refinancing                                     $
             Working Capital                                      $
             Other:                                               $

             Total Project Cost:                                  $

             Less Borrower's Cash Equity                          $-                    * detailed below
             Less Other Financing (CDC/Seller)                    $-                    Source of other financing:


             Loan Amount Requested:                               $


                                            EQUITY INJECTION

             Cash In Accounts                                     $
             Sale of Securities                                   $
             Sale of Assets                                       $
             Funds from Family                                    $
             Business Assets                                      $
             Other:                                               $

             Total Equity Injection                               $
                                                                       CREDIT APPLICATION

Name:                                                                                                          Social Security#:
                 First                       Middle                         Last
                                                                                                            DL#/State
Home Address                                                                                Yrs. At Home                                            Phone
City/State/Zip                                                                                                                                  Birth Date
Cell Phone                                                    Fax                                           Email
Previous Address                                                                                                                          for                             yrs.
City/State/Zip                                                                                                                                               *Race
US Citizen           Yes               No             If not, Alien Registration #                                             *Place of Birth
Employed by                                                                          for                     Yrs.       Position
City/State/Zip                                                                               Employment Phone
Salary Gross: $
Marital Status:                    Married     Unmarried               Separated                 Divorced                  Number of Children

Spouse's Name                                                                                                  Social Security #
                           First                    Middle                                  Last              Birth Date

US Citizen           Yes               No    If not, Alien Registration #                                                      *Place of Birth

Spouses Employer                                                                           Position                                                  for                   Yrs.

Gross Salary $                                                      *Race                                     DL#/State


Name & Address of Nearest Relative (not living with you)
Are you obligated to make Alimony, Child Support:
Are you an existing PMC customer?:                    (yes)          (no)             If yes, please note project name:
             location:                                                                                                     loan number:
Are you a previous PMC customer?:                     (yes)          (no)             If yes, please note project name:
           location:                                                                                                       loan number:

Are you or your spouse
      presently under indictment, on parole or probation?                                                                                 Yes                No
             If yes, please furnish details on separate sheet.
      ever been arrested, charged, or convicted of any criminal offense other than                                                        Yes                No
             a minor motor vehicle violation? If yes, please furnish details on a separate sheet
      or any officer of this business or any other affiliated concern ever been a defendant                                               Yes                No
             in an legal actions, suites, or bankruptcies? If so, please explain:



*Military History          Branch ___________________________________________                               Dates Served ____________________________________


Applicant represents and certifies the foregoing information and that contained in attached schedules, if any, to be true, correct, and complete
and that said information is submitted to induce the addressee to advance funds to the applicant. Applicant authorizes PMC and/or subsidiaries
and affiliates to obtain a consumer report which may include a criminal background check and other investigations that they deem necessary.

I give permission to PMC Commercial Trust and/or any of its subsidiaries and affiliates to obtain and check my credit history/background. A
copy of this form shall be construed as the same as an original signature.


Applicant        X                                                                                                                 Date
Spouse           X                                                                                                                 Date


*Note: This information is collected for statistical purposes only and is necessary to document SBA fair-lending practices. It has no bearing on the credit decision to
approve or decline this application, but must be completely provided on the loan forms as indicated.
                                                             PERSONAL FINANCIAL STATEMENT
                                                                                (CONFIDENTIAL)
Name:                                                                                               Spouse:
Home Address                                                                                                    City/State/Zip



To:      PMC Commercial Trust                   The following is submitted for the purpose of procuring, establishing and maintaining credit with you in behalf of the undersigned
                                                or persons, firms or corporations in whose behalf the undersigned may either severally or jointly with others execute a guaranty in
         and its Subsidiaries,
                                                your favor. The undersigned warrants that this financial statement is true and correct and that you may consider this statement as
         affiliates and/or assigns              continuing to be true and correct until a written notice of a change is given to you by the undersigned.




I authorize SBA/Lender to make inquiries as necessary to verify the accuracy of the statements made and to determine my creditworthiness. I certify the above and the
statements contained in the attachments are true and accurate as of the stated date(s). These statements are made for the purpose of either obtaining a loan or guaranteeing a
loan. I understand FALSE statements may result in forfeiture of benefits and possible prosecution by the U.S. Attorney General (Reference 18 U.S.C. 1001).



                                                                                             (Applicant)    X
                                                                                   Signed:
                                                Date: X                                      (Spouse)
ALL BLANKS SHOULD BE COMPLETED (either w/information or "N/A")                                                                                                     Revised 8/12/04

                                          ASSETS                                                                      LIABILITIES & NET WORTH
1. Cash on hand in banks (see schedule 1)                                                    13. Notes Payable, Banks, Unsecured
total                                                                                        (see schedule 1)
2. Marketable & Govt. Securities
                                                                                             14. Automobile Loans (see schedule 1)
(see schedule 2)
                                                                                             15. Loans Against Life Insurance
3. IRA's & 401K's (see schedule 3)
                                                                                             (see schedule 4)

4. Notes Receivable - (See schedule 7)                                                       16. Credit Cards

                                                                                             17. Real Estate Mortgages Payable
5. Cash Surrender Value - Life insurance
                                                                                             (see schedule 5)

6. Real Estate in Own Name (see schedule 5)                                                  18. Income Taxes Due

7. Partial Interest in Real Estate - Net Equity Values
                                                                                             19. Other Liabilities - Itemize
(see schedule 6)
8. Automobiles

9. Furniture and Personal Property

10. Other Businesses w/o Real Estate



                                                                                             20. Total Liabilities
                                                                                             21. Net Worth
11. Other
                                                                                             Total Assets less Total Liabilities (12-20)

12. TOTAL ASSETS (1-11)                                                                      22. Total Liabilities and Net Worth (same as 12)

                      SOURCES OF ANNUAL INCOME                                                                          GENERAL INFORMATION
INCOME FROM ALIMONY, SEPARATE MAINTENANCE OR CHILD SUPPORT NEED NOT BE
REVEALED IF YOU DO NOT CHOOSE TO RELY ON IT IN CONNECTION WITH THIS                                                                                      CIRCLE ONE
FINANCIAL STATEMENT
                                                                                                            If you answer YES to any of the following please attach an explanation
                                                                                             Are you a partner, stockholder or officer in any other
Salary
                                                                                             business venture?
                                                                                                                                                        YES           NO
                                                                                             Are you, or have you ever been defendant in any legal
Commissions and bonuses
                                                                                             actions, suits, or bankruptcy?
                                                                                                                                                        YES           NO
Dividends                                                                                    Is there any company where you have been a director,
                                                                                             a principle owner or an officer which has been             YES           NO
Real Estate Income                                                                           involved in a bankruptcy, or foreclosure?
                                                                                             Have you ever had any property posted for foreclosure
Other Income - Itemize                                                                       or surrendered to the mortgage holder in lieu of           YES           NO
                                                                                             foreclosure
                                                                                             Are you now or have you ever been past due on any
                                                                                             taxes?
                                                                                                                                                        YES           NO

                                                                                             If you have a will, please provide the name of the
                                                                                             executor.
                 TOTAL ANNUAL INCOME


                                                           (Complete Schedules on Reverse Side)
                                                                                       SUPPLEMENTAL SCHEDULES


SCHEDULE 1 - BANKING RELATIONSHIPS
                                                                                                                                                        Loan
              Name of Bank                                            Location/Acct#                     Checking Balances    Savings Balances                          Terms of Maturity            Collateral
                                                                                                                                                       Balance




                                                                                                       Total of Checking (+) Savings (Line 1 on PFS)                   $
SCHEDULE 2 - SECURITIES (GOVT. AND MARKETABLE)
No. Shares of Face                                                                                            Market
                                              Description                                  Cost                              Source of Valuation            Registered in Name of                Is Stock Pledged?
      Value                                                                                                   Value




                                                                                                                    Total Market Value (Line 2 on PFS)                 $
SCHEDULE 3 - IRA's / 401K's

Description                                                                                                                                          Total Value                    Registered in Name of




                                                                                                                        Total IRA/401K (Line 3 on PFS)                 $
SCHEDULE 4 - LIFE INSURANCE COVERAGE
                                  Insurance                                                                                                          Total Cash                   Policy
    Face Value                                                          Owner of Policy                            Name of Beneficiary                                                           Is Policy Assigned?
                                  Company                                                                                                          Surrender Value                Loans




                                                                                                        Total Cash Surrender Value (Line 5 on PFS)                     $
                                                                                                                   Total Policy Loans (Line 15 on PFS)                 $
SCHEDULE 5 - REAL ESTATE IN OWN NAME
Description Including Location    Dimensions              Cost of             Original                                   Market
                                                                                                  Date Acquired                          Mortgage Balance      Rate      Term
          or Address              or # Acres           Improvements            Cost                                      Value                                                        Mortgage               Holder




                                                                                                                    Total Market Value (Line 6 on PFS)                 $
                                                                                                            Total Mortgage Balance (Line 17 on PFS)                    $
SCHEDULE 6 - PARTIAL INTERESTS IN REAL ESTATE - NET EQUITY VALUES
       Business Name                                           % of Ownership                                                     Market Value     Mortgage Balance                               Value of Equity
                                  Property Description                                   Total Cost        Date Acquired                                                   Rate        Term
        & Address                                                    C                                                                 A                  B                                          (A-B)xC




                                                                                                                  Total Value of Equity (Line 7 on PFS)                $
SCHEDULE 7 - NOTES RECEIVABLE
        Maker (Receivable From)            Secured By (Collateral)            Value of Collateral                                 Date Acquired      Lien Position           Balance of              Assignable
                                                                                                           Rate      Term
                                                                                                                                                                             Receivable




                                                                                                  Total Balance of Notes Receivable (Line 4 on PFS)                    $
                                                             RESUME

Name:
              First                                 Middle                               Last
Home Address:
                      Street Address                        City                 State                     Zip

                                                        EDUCATION

High School                                                                      Grade Completed
College or Technical Training.          Name and Location             Dates Attended From/To       Major, Degree or Certificate




                                                    WORK EXPERIENCE
        to Present:
    Month/Year
                                  Company Name
                            Address:
                            Job Title:
                            Job Description:

        to            :
    Month/Year
                                  Company Name
                            Address:
                            Job Title:
                            Job Description:

        to            :
    Month/Year
                                  Company Name
                            Address:
                            Job Title:
                            Job Description:


        to            :
    Month/Year
                                  Company Name
                            Address:
                            Job Title:
                            Job Description:


        to            :
    Month/Year
                                  Company Name
                            Address:
                            Job Title:
                            Job Description:
                                                AFFILIATE FORM


             Please make copies if there are more than two businesses in which you are affiliated.


For any other business that you own or partially own, please provide the following information on each
business*
                                                   AFFILIATE # 1                        AFFILIATE # 2
1 Corporate Name (if any)
2   Name of Business

3   Type of Business

4   City/State

5   Tax Returns for the Last
    Two Years Attached?                           Yes              No                 Yes                No

6   Latest Interim Financial
    Statement (Including
    Balance Sheet) Attached?                      Yes              No                 Yes                No

7   Percentage of Ownership

8   Date Acquired

9   Cost (of 100%)

10 Loan Balance (of 100%)

11 Lender Name

12 Monthly Debt Service

13 Term

14 Rate

15 Number of Rooms (if applicable)

16 Has this business ever applied
   for or had an SBA loan?                        Yes              No                 Yes                No
    If so…

          What is outstanding balance?

                       Paid as agreed?
                         CONSTRUCTION


                  CONSTRUCTION CHECKLIST
    Please submit copies of all bids and contracts on the following:

          Land
          Building
          Equipment (FF&E)
          Copy of Tax Appraisal
          Copy of appraisal, if available
          Copy of ESA, if available
          How much land does it include?
          How many square feet will the building be?
          How many square feet will the business occupy?
          If you already own the property:
                When did you purchase it?
                What was the purchase price?
                Any major improvements ?
                Description


          Pictures of the property, inside and out, and the surrounding area



                          SOFT COST
                     CONSTRUCTION BUDGET

Loan Fees/Guaranty Fee                                $
Appraisal                                             $
Phase I                                               $
Title Insurance                                       $
Attorney Fees                                         $
Interest Expense                                      $
Architect/Engineering                                 $
Monitoring Fee                                        $
Bonds                                                 $
Permits                                               $
Utility Tape Fee/Impact Fee                           $
Survey                                                $
Contingency                                           $
Franchise Fee                                         $
Inventory                                             $
Working Capital                                       $
Total Closing Cost/Working Capital                    $
                                                REFINANCE

Property Name
Physical Address
Checklist
            Copy of all Notes
            Last 3 years tax returns for the subject property
            If tax returns are not available, provide 3 years financial statements. Tax returns are not
            available because
            Year-to-date financial statements within 90 days with comparable period (at least sales) for
            prior year.
            Completed questionnaire (form attached)
            If the project includes renovations or other improvements please provide a budget with
            corresponding copies of all bids and/or contracts
            Please attach any leases pertinent to location, equipment, furniture, etc.
            Complete the box for all debt and check the one(s) to be refinanced.
                       Original    Original   Present     Rate of    Maturity      Monthly              Current or
  To Whom Payable                                                                            Security
                       Amount       Date      Balance     Interest    Date         Payment               Past Due




If the collateral includes real estate please provide/complete the following:
           Tax appraisal
           Copy of old appraisal, if available
           Copy of ESA, if available
           When was the building built?
           How much land does it include?
           How many square feet is in the building?
           How many square feet does the business occupy?
           When did you purchase the property?
           What did you pay for the property?       $
           Any major improvements?          $
           Description of improvements made


            Pictures of the property, inside and out, and the surrounding area.
If this is an SBA application complete the following:
            Please list the history of business and benefits of the loan (or attach details)


            What county is the project located in?
            Number of current employees
            Number of employees anticipated after the loan
            Previous SBA or Government debt for this business or any business owned by the principals
            of the applicant or any personal loans such as FHA, VA, Student loans, SBA or B&I:
                                    Original Amount      Date of     Approved or                        Current or
        Name of Agency                                                              Current Balance
                                        of Debt          Request      Declined                           Past Due
                                               ACQUISITION

Property Name
Physical Address

Checklist
            Copy of the Contract or Letter of Intent
            Last 3 years tax returns for the subject property
            If tax returns are not available, provide 3 years financial statements. Tax returns are not
            available because
            Current year-to-date financial statements dated within 90 days with comparable period for prior year
            Relationship to seller
            Completed questionnaire (form attached)
            If the project includes renovations or other improvements please provide a budget with corresponding
            corresponding copies of all bids and/or contracts
            Please attach any leases pertinent to location, equipment, furniture, etc.

If the collateral includes real estate please provide
           Tax appraisal
           Copy of old appraisal, if available
           Copy of ESA, if available
           When was the building built?
           How much land does it include?
           How many square feet is in the building?
           How many square feet does the business occupy?
           Pictures of the property, inside and out, and the surrounding area.

If this is an SBA application complete the following:
            Please list the history of business and benefits of the loan (or attach details)


            What county is the project located in?
            Number of current employees
            Number of employees anticipated after the loan
            Previous SBA or Government debt for this business or any business owned by the principals
            of the applicant or any personal loans such as FHA, VA, Student loans, SBA or B&I:
                                     Original Amount      Date of   Approved or                         Current or
        Name of Agency                                                             Current Balance
                                         of Debt          Request    Declined                            Past Due
                                                STARTUP

Checklist
            Business plan with 3 years' of projections
            Projects should include line by assumptions
            Personal cash flow (form attached)
            Please attach any leases pertinent to location, equipment, furniture, etc.
            What county is the project located in?
            Number of current employees
            Number of employees anticipated after the loan
            Previous SBA or Government debt for this business or any business owned by the principals
            of the applicant or any personal loans such as FHA, VA, Student loans, SBA or B&I:

                                    Original Amount     Date of   Approved or                       Current or
       Name of Agency                                              Declined
                                                                                  Current Balance
                                        of Debt         Request                                      Past Due




If you have construction, renovations, or leasehold improvements please provide copies of bids
and contracts on:
          Land
          Building
          Equipment (FF&E)
          Renovations
          Leasehold Improvements

If the collateral includes real estate please provide/complete the following:
           Tax appraisal
           Copy of old appraisal, if available
           Copy of ESA, if available
           When was the building built?
           How much land does it include?
           How many square feet is in the building?
           How many square feet does the business occupy?
           If you already own the property:
           When did you purchase the property?
           What did you pay for the property?       $
           Any major improvements?          $
           Description of improvements made


            Pictures of the property, inside and out, and the surrounding area.
                                            HOTEL QUESTIONNAIRE


              To assist PMC in evaluating your financing proposal, we require the following information

                                                HOTEL LOCATION
Property Name

Physical Address                                                     City                  State          Zip

Nearby Highways                                           Exit#              Distance from property
Street in front of property:
             Is the street one way?   Yes      No               How many lanes?
             Direct access to hotel?  Yes      No               Turning lane?              Yes                  No
             What is the speed limit?
Hotel traffic:
             Local                %                             Destination         %
             Transient            %                             Tourist             %
Any construction being performed on this road now or being planned in the future?          Yes                  No
If so, to what degree?

Are there any drainage problems?         Yes        No     If so, please explain



                                             HOTEL INFORMATION
Total number of rooms                Number of buildings              Number of stories
            Number of Singels                              Size of rooms               'x     '
            Number of Kings                                Size of rooms               'x     '
            Numbers of Doubles                             Size of rooms               'x     '
            Number of Suites                               Size of rooms               'x     '
            Number of Handicapped                          Size of rooms               'x     '
            Number of weeklies                             Weekly Rate
            Rooms out of service                           (Attach list of repairs needed to reopen these rooms)
ADR for the past 12 months (if applicable) $                                      Occupancy            %
History of the property for the past five years (franchise or independent)

If the property is a franchise, what is the franchise term?
Total square footage of the land?                                      Leased?     Yes         No
If yes, attach copy of lease.
Was the building constructed prior to January 1, 1981?             Yes    No   If yes, has the building been
             tested for Asbestos containing materials (ACM), lead-based paint, or lead in the drinking water?
                  Yes             No        Describe or attach ESA
Are there any known or suspected enviornmental problems with the areas on the property?
             (i.e. asbestos or underground gasoline storage tanks) Yes    No   If yes, please explain

Are any operational and maintenance plans (O&M plans) in effect for the facility?                  Yes          No
                                                     CONSTRUCTION

                                          Concrete                                           Year
   Exterior:                  Brick                    Prefab      Stucco      Other
                                           Block                                          Constructed
                Building 1
                Building 2
                Building 3
                Building 4

   Roofing:                   Shingle       Metal       Tile        Flat       Pitched    Age of roof
                Building 1
                Building 2
                Building 3
                Building 4
 Parking lot:
                Concrete                 Asphalt                     Number of spaces
                Describe condition

    Interior:                  Interior corridor        Exterior corridor           Elevators
                Building 1                                                      Yes             No
                Building 2                                                      Yes             No
                Building 3                                                      Yes             No
                Building 4                                                      Yes             No

Number of meeting or banquet rooms _________ Description and capacity
Swimming pool            Yes       No    Indoor/Outdoor          Truck Parking                          Yes      No
Restaurant               Yes       No    If yes, is it      Leased       Closed                          Owner operated
Description and capacity                                                  Terms
What is included
Lounge                   Yes       No    If yes, is it      Leased       Closed                          Owner operated
Description and capacity                                                  Terms
What is included

 Televisions
                No.of units
                  Brand
                  name
                   Age

                 Remote        Yes           No         Yes          No         Yes             No

     HVAC:                     Central ________      Individual units_______
                No.of units
                  Brand
                  name
                   Age
Property Name/Location                                                                  Date
            Bathroom description (ie: flooring, tubs, ceilings, etc.)

            Reservation system description
            Other computer system description




Are you aware of any to-be-completed stores which will compete with this store?
          Yes                    No         If yes, please describe


                                                 RESTAURANTS


                                Name                                          Distance Away




Describe in detail other businesses/traffic generators in the area



Are there any adult entertainment businesses nearby?                    Yes                    No
If yes, please detail

In detail, please draw a map of the area indicating property, nearby highways, competitors, access to
property, etc. (see example)

								
To top