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Simple Loan Business Loan Application

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Simple Loan Business Loan Application Powered By Docstoc
					                                                                                             Simple Loan
                                                                                             Business Loan Application

Applicant, please note: if you are married or a registered domestic partner and live in a community property state such as
California, all questions related to your spouse or registered domestic partner must be answered, even if this is an application for
credit in your name only.



I understand I may apply for this credit in my name alone, without my spouse or any other person, regardless of my marital status.
I am applying:



Check one box: □ in the business legal entity only □ in my name alone □ jointly with my spouse, registered domestic partner or other entity



Please print clearly and complete all sections of this applications.

 TYPE OF LOAN

         □ New □ Renewal                                         □ Term Loan         □ Line of Credit

         Amount: $ ________________________________                         Term: ____________Years



 PURPOSE Loan
Purpose ofOF LOAN

   □ Purchase Equipment                                 □ Purchase Inventory                  □ Business Expansion

   □ Purchase Business ------------- Purchase Price $_____________________

   □ Purchase Fixed Asset __________________________________________                          □ Other



Please check if applicable:

   □ Legal entity/ownership structure change

   □ Payoff and close existing BBCN Bank business banking line of credit/loan #



Applicant's BBCN Bank business checking account number:                       ___________________ - __________________

   □ I will open a BBCN Bank business checking account prior to closing.

   □ I do want automatic repayment, and understand that the interest rate may be decreased by one quarter of percentage point (.25%) and
     that my monthly payment will be decreased accordingly. This account will be the deposit account for loan proceeds or line of credit
     telephone transfers. In addition, the required monthly loan or line of credit payment will automatically be deducted from the above account.

   □ I do not want automatic repayment.




              Confidential                                             Page 1 of 6                              /    /201   LOAN009
 TELL US about your business:
Tell us ABOUT YOUR BUSINESS
Complete Legal Name:        _____________________________________________________________________________________________

DBA Name:                   _____________________________________________________________________________________________

Federal Tax ID No. *        _____________________________________________________________________________________________

Business Street Address: _____________________________________________________________________________________________

                       City _________________________________________                      State ________________ Zip __________________

Mailing Address, if different:____________________________________________________________________________________________

                       City _________________________________________                      State ________________ Zip __________________

Previous Business Street Address (if current, less than two years)

                             ____________________________________________________________________________________________

                       City _________________________________________                      State ________________ Zip __________________

Business Phone: _______________________________                Business Fax: ____________________________________________________

Date Business Established:          Mo. / Yr. __________       Website Address: _________________________________________________




Business Contact Name:              _________________________________________              Phone: ____________________________________

Under Current Management Since:               Mo. / Yr. ______________________             Total # of Employees: ________________________

Business Type (check one):          □ Sole Proprietorship                 □ Limited Partnership              □ S Corporation

                                    □ General Partnership                 □ Corporation                      □ Limited Liability Company

                                    □ Nonprofit Organization              □ Other

Describe Type of Business (e.g., manufacture children's clothing, bookkeeping services, dental lab, plumbing contractor, etc.)

__________________________________________________________________________________________________________________

Industry Code (check one):          □ 02 Manufacturing                    □ 04 Wholesale Trade               □ 05 Retail Trade

                                    □ 06 Finance, Insurance and Real Estate                                  □ 07 Services

                                    □ 08 Other

___________________________________________________________________________________________________________________

         Gross Annual Sales $                Approximate Net Worth of Business $                             Annual Net Profit $

_____________________________              ____________________________________                     ___________________________________

Was the most recent year end profitable?              □ Yes               □ No



□ Yes □ No        Has the business incurred a loss in any of the last 3 years?

□ Yes □ No        Are there any delinquent state or federal taxes owed by the business?

□ Yes □ No        Is there business for sale or under agreement that would change the ownership of the business?

'This application cannot be processed without your Federal Tax ID number and owners' Social Security numbers. Please make certain to include
these on this form.



             Confidential                                            Page 2 of 6                               /   /201    LOAN009
 TELL US ABOUT YOUR BANKING RELATIONSHIPS: ATTACH A SEPARATE SHEET, IF NECESSARY
Tell us about your banking relationships: Attach a separate sheet, if necessary


Business relationships with BBCN Bank                      Customer Since: Mo. / Yr. ___________________________________________

        □ Business Checking Account Number:               _____________________                Avg. Balance $ _______________________

        □ Business Savings Account Number:                _____________________                Avg. Balance $ _______________________

        □ Business Loan Account Number:                   _____________________            Current Balance $ _______________________



Other Business Accounts (Name of Financial Institution)   ________________________________________________________________

        □ Business Checking Average Balance                                  $ _________________________

        □ Business Loan / Line Current Balance                               $ _________________________

        □ Business Savings / Investment Average Balance                      $ _________________________




Business Credit Relationships:
 BUSINESS CREDIT RELATIONSHIPS



1. Name of Creditor ________________________________              Will this loan be paid off with this request      □ Yes   □ No

Type of Loan (secured, unsecured, equipment, etc.)        ________________________________________________________________

Original Amount    $ ________________________________             Balance Owing** $ _____________________

Monthly Payment $ ________________________________                         Maturity Date _____________________



2. Name of Creditor ________________________________              Will this loan be paid off with this request      □ Yes   □ No

Type of Loan (secured, unsecured, equipment, etc.)        ________________________________________________________________

Original Amount    $ ________________________________             Balance Owing** $ _____________________

Monthly Payment $ ________________________________                         Maturity Date _____________________




            Confidential                                     Page 3 of 6                                   /     /201   LOAN009
 TELL about who owns your business
Tell usUS ABOUT WHO OWNS YOUR BUSINESS

All owners and percentage of ownership (20% or greater) must be listed. Attach a separate sheet, if necessary.
Notice to sole proprietors: You may apply for credit in your name alone, regardless of marital status.

1. First Name __________________________                  Middle Initial __________     Last Name ______________________
                                                                         0.00%
            Title __________________________                 Ownership ______________________ %

Residence Street Address: _________________________________________________________________________________

                            City ______________________________________ State _______________ Zip ___________________

  Home Phone ___________________________             Social Security No.*_____________________________________________

   Date of Birth ___________________________         Driver License No. ______________________ Issued:_________________



Personal Assets:             Cash $ ______________        Real Estate $ ______________________                Total Assets:
                                                                                                                              0.00
                    Automobile $ ______________                 Other $ ______________________            $

Personal Liabilities:        Cash $ ______________        Real Estate $ ______________________                Total Liabilities:
                                                                                                                              0.00
                    Automobile $ ______________                 Other $ ______________________            $

Monthly Income                    $ ______________        Other Source of Income $ ____________          ____________________

Monthly Payments:           Mortgage / Rent $ ___________ Credit Card $ ______________________                Total Payments:
                                                                                                                              0.00
    Other Loan / Note_______________ $ ___________ Automobile $ ______________________                    $



'This application cannot be processed without your Federal Tax ID number and owners' Social Security numbers. Please make
certain to include these on this form.

"Please indicate any debt to be repaid from proceeds and attach a copy of the most recent statement.

2. First Name __________________________                  Middle Initial __________     Last Name ______________________
                                                                         0.00%
            Title __________________________                 Ownership ______________________ %

Residence Street Address: _________________________________________________________________________________

                            City ______________________________________ State _______________ Zip ___________________

  Home Phone ___________________________             Social Security No.*_____________________________________________

   Date of Birth ___________________________         Driver License No. ______________________ Issued:_________________



Personal Assets:             Cash $ ______________        Real Estate $ ______________________                Total Assets:
                                                                                                                              0.00
                    Automobile $ ______________                 Other $ ______________________            $

Personal Liabilities:        Cash $ ______________        Real Estate $ ______________________                Total Liabilities:
                                                                                                                              0.00
                    Automobile $ ______________                 Other $ ______________________            $

Monthly Income                    $ ______________        Other Source of Income $ ____________

Monthly Payments:           Mortgage / Rent $ ___________ Credit Card $ ______________________                Total Payments:
                                                                                                                              0.00
    Other Loan / Note_______________ $ ___________ Automobile $ ______________________                    $




             Confidential                                  Page 4 of 6                             /   /201    LOAN009
Personal Accounts - name of bank or financial institution

        □ Checking Account No.                     _____________________________              Avg. Balance $ ___________________

        □ Savings or Investment Account No.        _____________________________             Avg. Balance $ ___________________

        □ Retirement Plans Account No.             _____________________________             Avg. Balance $ ___________________



If your application for business credit is denied, you have the right to a written statement of the specific reasons for the denial. To
obtain the statement, please contact ____________________________ BBCN Bank at the Branch through which you applied for
credit or call within 60 days from the date you are notified of our decision. We will send you a written statement of reasons for the
denial within 30 days of receiving your request for the statement.

NOTICE:




Appraisal Notice: If you are applying for a loan which will be secured by real property, you have a right to a copy of the appraisal
report obtained by this bank in support of your application for credit, provided that you have paid for the appraisal. In order to
obtain a copy of your appraisal report, you may write to us at: BBCN Bank, Loan Administration Department, 3731 Wilshire Blvd.
Suite 1000, Los Angeles, California 90010 or call us at (213) 639-1700. We must hear from you no later than 90 days after we
notify you about the action taken on your application or when you withdraw your application.



Important information about procedures for opening a new account:
To help the government fight the funding of terrorism and money laundering activities, Federal law requires all financial institutions
to obtain, verify and record Information that identifies each person who opens an account. What this means for you: When you
open an account, we will ask for your name, address, date of birth and other information that will allow us to identify you. We may
also ask to see your driver's license or other identifying documents.



AGREEMENTS SIGNATURES
Agreements //Signatures:
Federal Tax ID Number*              ____________________________________________________________________________

Business Name:                     _____________________________________________________________________________
                                             (Complete legal name and DBA name, if applicable, as shown on first page.)

The business named above ("applicant"), represents certifies and warrants that all Information provided herein is complete, true
and correct on all respects, and authorized the Bank to obtain credit reports on the applicant, including consumer credit reports, to
check credit report of applicant. The applicant agrees to comply with the terms and conditions of the Simple Loan/Line of Credit
loan agreement that will be sent to the applicant if the credit is approved. Applicant also understands that all individual owners will
be authorized signers for check access to an approved line of credit.

For Corporation Only: The President or the Chairman of the Board or any Vice President and one of the following: Secretary,
Assistant Secretary, Chief Financial Officer or Assistant Treasurer. If only on individual holds all officer titles, then check
applicable titles and sign in both A and B below. When officer titles are held by more than one individual, check
applicable titles and have different individuals sign A and B.

A.      □ President        □ Chairman of the Board          □ Vice President

X___________________________________________ ____________________________________ __________________
             Signature                                    Print Name                     Date



 B.        Secretary       □ Assistant Secretary            □ Chief Financial Officer           □ Assistant Treasurer

X___________________________________________ ____________________________________ __________________
             Signature                                    Print Name                     Date
            Confidential                                       Page 5 of 6                               /   /201   LOAN009
*This application cannot be processed without your Federal Tax ID number and owners' Social Security numbers. Please make
certain to include these on this form.

**Please indicate any debt to be repaid from proceeds and attach a copy of the most recent statement.

***Alimony, child support or separate maintenance income need not be revealed if you do not want to have considered as a basis
for repaying this obligation

For Partnerships, all general partners; sole proprietorships, the owner(s); limited liability companies, all members, managers
or those authorized in the operating agreement unincorporated associations, all members; trustees under trust agreement,
all trustees. Print name and title next to authorized signature. List all titles held.

X______________________________________                  _____________________________________ _____________________
          Authorized Signature                                   Print Name and Title                 Date

X______________________________________                  _____________________________________ _____________________
          Authorized Signature                                   Print Name and Title                 Date

X______________________________________                  _____________________________________ _____________________
          Authorized Signature                                   Print Name and Title                 Date

 BANKING Center Approving Officer Use Only
Banking CENTER / /APPROVING OFFICER USE ONLY
Loan officer's certification: By initialing here, I certify that I met with the business owner(s) and, to my knowledge, the Information
provided is correct.

________________________________________________________________ _____________________________________
Banking Center's Name                                            Branch Number

________________________________________________________________ _____________________________________
Loan Officer's Name                                              Loan Officer's Phone Number

     RESP.Code                                             Branch No.                                           SIC Code




            Confidential                                       Page 6 of 6                               /   /201   LOAN009

				
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