BUSINESS Loan Application Checklist - BECU

BUSINESS
Loan Application Checklist
Help us process your loan application faster by providing a few things upfront:
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Print a BECU Business Loan Application online at www.becu.org/smallbusiness,
complete and return to any BECU location
If you’re not already a BECU Business Member:
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Washington State Business License
Legal Documents for your Organization Type (see Account Opening Checklist)
Business Membership Application (available at any BECU location)
For a Vehicle or Equipment Loan:
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Collateral Description (include signed purchase order and/or bill of sale)
Title Documents
Insurance Certificate
Collateral Valuation (upon request)
Odometer Statement (if applicable)
For Loans Greater than $50K:
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Business Plan (include 2-year Financial Forecast)
Interim Business Financial Statements (current within 60 days)
Business IRS Tax Returns (for the prior 2 years, if applicable)
Business Financial Statements (for the prior 2 years, if applicable)
Personal Financial Statements (current within 60 days for each 20% or more Owner/Guarantor)
Personal IRS Tax Returns (for the prior 2 years for each 20% or more Owner/Guarantor)
Thank you for applying for business credit at BECU. Upon review of your submitted application, you may be contacted
by a representative of Small Business Services to review your borrowing needs. Additional information to complete the
credit review process may be requested at that time. Should you have any questions, please contact a BECU Small Business
Services representative at 206-812-5140 or 800-233-2328, ext. 5140.
becu.org
BECU 630 6/2012

Business Loan Application
1. PRODUCT
Welcome to Boeing Employees’ Credit Union (BECU). Please complete application in ink, sign it and bring it to a BECU location to apply.
If you have any questions, please contact a BECU representative at 206-812-5140 or, outside Seattle at 1-800-233-2328 ext 5140.
TYPE OF REQUEST
Line of Credit Term Loan Commercial Real Estate
AMOUNT
COLLATERAL
PURPOSE:
2. BUSINESS INFORMATION
STATE UNIFORM BUSINESS IDENTIFIER (UBI) NUMBER
FEDERAL TAX IDENTIFICATION NUMBER (EIN OR SSN)
BUSINESS NAME (AND DBA, IF APPLICABLE)
YEARS IN BUSINESS
BUSINESS STRUCTURE
Sole Proprietorship Partnership Corporation LLC
BUSINESS TYPE / INDUSTRY
DESCRIBE YOUR BUSINESS:
ANNUAL SALES
$
ANNUAL NET INCOME
$
BUSINESS LOCATION / STREET ADDRESS (REQUIRED) CITY STATE ZIP
MAILING ADDRESS IF DIFFERENT FROM ABOVE CITY STATE ZIP
BUSINESS PHONE
BUSINESS FAX
EMAIL ADDRESS
By providing your e-mail address, you agree that BECU may send marketing
information regarding products and services to you electronically.
3. BUSINESS OWNER / GUARANTOR - Please list all owners with ownership of 20% or greater
OWNER/GUARANTOR #1 NAME
OWNER/GUARANTOR #2 NAME
SOCIAL SECURITY NUMBER
SOCIAL SECURITY NUMBER
TITLE OWNERSHIP % TITLE OWNERSHIP %
PERSONAL ADDRESS (REQUIRED)
PERSONAL ADDRESS (REQUIRED)
CITY STATE ZIP CITY STATE ZIP
OWNER/GUARANTOR #3 NAME
OWNER/GUARANTOR #4 NAME
TITLE OWNERSHIP % TITLE OWNERSHIP %
PERSONAL ADDRESS (REQUIRED)
PERSONAL ADDRESS (REQUIRED)
CITY STATE ZIP CITY STATE ZIP
BECU 612 2/2012

Financial Summary
Financial Statement Submitted with this Summary
Current Financial Statement on File with Creditor
Assets Amount Liabilities Amount
Cash and Equivalents $ Current Liabilities (A/P, LOC, Accruals) $
Account/Trade Receivables $ Long Term Liabilities (Equipment, Vehicles, RE) $
Inventory $ Notes Payable to Owners $
Fixed Assets $ Total Liabilities $
Other (Intangibles) $ Net Worth (total assets minus total liabilities) $
Total Assets $ Total Liabilities and Net Worth $
Business Income Summary
Current Year Fiscal Year End: Fiscal Year End: Fiscal Year End:
Number of Months
Sales $ $ $ $
Net Income $ $ $ $
Depreciation/Amortization $ $ $ $
Interest Expense $ $ $ $
Describe how this loan will benefit your business:
4. LOAN REQUESTS MORE THAN $50,000
For loan requests of $50,000 or more, please provide us the following items with this completed application:
Business Plan (include 2 year Financial Forecast)
Interim Business Financial Statements (current within 60 days)
Business IRS Tax Returns (for the prior 2 years, if applicable)
Business Financial Statements (for the prior 2 years, if applicable)
Personal Financial Statements (current within 60 days for each 20% or more Owner/Guarantor)
Personal IRS Tax Returns (for the prior 2 years for each 20% or more Owner/Guarantor)
Some applications may require further consideration and additional information may be requested.
AGREEMENTS and SIGNATURES
By signing below, each of you certifies that the information contained herein is complete and accurate. You further authorize BECU to obtain a consumer
credit report and a business credit report for use in assessing your personal creditworthiness in connection with this application by the Business and you
agree that, as long as the credit account is open, we may obtain credit reports about you from time to time. You certify that the execution, delivery and
performance of this Application has been authorized by all necessary corporate action by the Business. You agree that credit accounts will be used primarily
for business purposes, and not personal, family, or household purposes.
NAME/TITLE SIGNATURE DATE
NAME/TITLE SIGNATURE DATE
NAME/TITLE SIGNATURE DATE
NAME/TITLE SIGNATURE DATE
LOCATION REPRESENTATIVE EMPLOYEE #
If your application for credit is denied, you have the right to a written statement of the specific reasons for the denial. To obtain this statement, please
contact Small Business Services, P.O. Box 97050 Seattle, WA 98124 or 206-812-5140 within 60 days from the date you are notified for our decision.
We will send you a written statement of reasons for the denial within 30 days of your request for this statement.
BECU 612 2/2012

Information for Government Monitoring Purposes
Please complete this section if you are a sole proprietorship applying for a loan secured by a dwelling (house, condominium, co-op, or multi-family
such as duplex, triplex fourplex, apartment building, etc.) and the purpose is to purchase or improve a dwelling or refinance the purchase or
improvement.
The following information is requested by the federal government agencies for certain types of loans related to a dwelling in order to monitor BECU’s
compliance with the equal credit opportunity, fair housing and home mortgage disclosure laws. You are not required to furnish this information, but are
encouraged to do so. You may select one or more designations for “Race.” The law provides that BECU may not discriminate in the basis of this information,
or on whether you choose to furnish it. However, if you choose not to furnish the information and you have made this application in person, under federal
regulations BECU is required to note ethnicity, race and sex on the basis of visual observation or surname. If you do not wish to furnish the information,
please check below.
APPLICANT
I do not wish to furnish this information
ETHNICITY: RACE OR NATIONAL ORIGIN: SEX
Hispanic or Latino American Indian or Alaska Native Native Hawaiian or Other Pacific Islander Male
Not Hispanic or Latino Asian White Female
Black or African American
CO-APPLICANT
I do not wish to furnish this information
ETHNICITY: RACE OR NATIONAL ORIGIN: SEX
Hispanic or Latino American Indian or Alaska Native Native Hawaiian or Other Pacific Islander Male
Not Hispanic or Latino Asian White Female
Black or African American
FOR CREDIT UNION USE ONLY
This information in the above section was obtained on the basis of visual observance or surname
This application was received by mail, telephone, or internet.
CHANNEL CODE REP. INITIALS APP ID
BECU 4080 7/2012

Business Personal Financial Statement
1. BUSINESS INFORMATION and OWNERSHIP
BUSINESS NAME AS INDICATED ON THE BUSINESS LOAN APPLICATION
INDIVIDUAL INFORMATION
JOINT INFORMATION
NAME SOCIAL SECURITY NUMBER NAME SOCIAL SECURITY NUMBER
ADDRESS
ADDRESS
CITY STATE ZIP CITY STATE ZIP
PHONE EMAIL ADDRESS PHONE EMAIL ADDRESS
ASSETS Note: Complete SCHEDULES first LIABILITIES
Cash on Hand and in Banks Sched. A jĈched. A Sched. A
Cash Value of Life Insurance Sched. B Notes Due to Relatives and Friends Sched. H
Marketable Securities Sched. C Credit Cards Payable Sched. H
Loans on Life Insurance Policies
Contract Accounts Payable
Other Liabilities Due within 1 Year - Itemize
Sched. H
Sched. H
TOTAL LIQUID ASSETS $ Taxes Due Sched. H
Business Value Margin Loans Sched. H
Notes and Accounts Receivable - current
Notes and Accounts Receivable – over 90 days
Sched. D
Sched. D
Notes Due from Relatives and Friends Sched. D TOTAL SHORT TERM LIABILITIES $
Real Estate Owned Sched. E Real Estate Mortgages Payable Sched. E
Mortgages and Contracts Owned
Personal Property
Sched. F
Sched. G
IRA and Tax Deferred Accounts TOTAL LONG TERM LIABILITIES $
Other Assets – Itemize (see attached itemization) Total Liabilities
TOTAL ASSETS
TOTAL LONG TERM ASSETS $ Net Worth (Total Assets Minus Total Liabilities)
ANNUAL INCOME
TOTAL LIABILITIES AND NET WORTH
ESTIMATE OF ANNUAL EXPENSES
Salary Bonuses and Commissions $ Income Taxes $
Dividends and Interest $ Other Taxes $
Rental and Lease Income (Net) $ Insurance Premiums $
Alimony, child support, or separate maintenance income need not be revealed if you Mortgage Payments $
do not wish to have it considered as a basis for repaying this obligation.
Other Income – Itemize $
Rent Payable $
Provide the following information only if Joint Account: Other Expenses $
Other Persons Salary, Bonuses, and Commissions $
Alimony, child support, or separate maintenance income need not be revealed if you
do not wish to have it considered as a basis for repaying this obligation.
Other Income – Itemize $
TOTAL $ TOTAL $
GENERAL INFORMATION
CONTINGENT LIABILITIES
Are any assets pledged other than described on SCHEDULES Yes No As endorser, Co-maker or guarantor Yes No
Are you a defendant in any suits or legal actions? Yes No On leases or contracts Yes No
Date of most recent Income Tax return filed Year: Legal Claims Yes No
Have you ever been declared bankrupt in the last 10 years? Yes No Federal – State Income Taxes Yes No
Are you partner or officer in any other venture Yes No Other Yes No
SCHEDULES
A. CASH IN BANKS AND NOTES DUE TO BANKS (List all Real Estate Loans in Schedule E) Addition Information Requested
Name of Bank Type of Account Type of Ownership On Deposit Notes Due Banks Collateral (if any) and Type of Ownership
See Attached Itemization
Cash on Hand
TOTALS $ $
BECU 616 7/2012

B. LIFE INSURANCE (List only those Policies that you own)
Cash Surrender
Company
Face of Policy
Value
Policy Loan from
Insurance Co.
Other Loans Policy as
Collateral
Beneficiary
See Attached Itemization TOTALS $ $
C. SECURITIES OWNED (Including U.S. Government Bonds and all other Stocks and Bonds)
Face Value-Bonds
# of Shares/Stocks
Description
(indicate those not registered in your name)
Type of
Ownership
Cost
Market Value
U.S. Gov. Sec.
Market Value
Marketable Sec.
Market Value
Not Readily
Marketable
Amount Pledged
To Secured Loan
See Attached Itemization TOTALS $ $ $
D. NOTES AND ACCOUNTS RECEIVABLE (Money Payable or Owed to You Individually-Indicate % of your Ownership Interest)
Maker/Debtor % When Due Original Amount
Balance Due
Current Accounts
Balance Due
Over 90 Days
Balance Due Notes
Relatives and Friends
Security
(if any)
See Attached Itemization TOTALS $ $ $
E. REAL ESTATE OWNED (Indicate % of your Ownership Interest)
Title in Name Of %
Description
and Location
Date
Acquired
Original Cost
Present Value
of Real Estate
Mortgage or Contract Payable
Balance Due Payment Rent Income Net Cash Flow Maturity
See Attached Itemization TOTAL $ TOTAL $
F. MORTGAGES AND CONTRACTS OWNED (Indicate % of your Ownership Interest)
Maker
Cont. Mtg. %
Property Covered Starting Date Payment Maturity Balance Due
Name
Address
See Attached Itemization TOTAL $
G. PERSONAL PROPERTY (Indicate % of your Ownership Interest)
Description % Date When New Cost When New Value Today
Loans on Property
Balance Due
To Whom Payable
See Attached Itemization TOTAL $
H. NOTES, ACCOUNTS, BILLS AND CONTRACTS PAYABLE
Other Obligors
Notes Due to
Payable to
When Due
(if any)
Relatives and Friends
Notes Due “Others”
Not Banks
Accounts and Bills
Contracts Payable
Collateral Payable
(if any)
See Attached Itemization TOTAL $ $ $ $
This information and the information provided on all accompanying financial statements and schedules are provided for the purpose of obtaining credit.
You acknowledge that representations made in this Statement will be relied on by BECU in its decision to grant such credit. This Statement is true and
correct in every detail and accurately represents your financial condition on the date given below. BECU is authorized to make all inquiries necessary to
verify the accuracy of the information contained herein and to determine the creditworthiness of the undersigned. You will promptly notify BECU of any
subsequent changes, which would affect the accuracy of this Statement. BECU is further authorized to answer any questions about Creditors
experience with you. You are aware that any knowing or willful false statements regarding the value of the above property for purposes of influencing
the actions of Creditors can be a violation of federal law 18 U.S. C. section 1014 and may result in fine, imprisonment or both. You also, authorize
BECU to investigate your personal credit history as part of the above referenced Business Loan Application.
By signing below, you declare that you have read and understand the above statement.
SIGNATURE
DATE
If you are guaranteeing this credit jointly, both guarantors must initial the
box below.
SIGNATURE DATE We intend to jointly guarantee
this credit
GUARANTOR INITIALS GUARANTOR INITIALS
BECU 616 7/2012