Commercial Lending

Lending

Business Loan Application

To expedite the processing of your business loan application, please provide the following:

A current personal financial statement for each borrower/guarantor. Download Financial Statement Form
Copies of personal tax returns - all schedules and W-2s - for each borrower/guarantor for the past three years. If copies are not available, please provide originals. We will copy them and return the originals to you.
A copy of all K-1s
Copies of complete business tax returns, if applicable. If copies are not available, please provide originals. We will copy them and return the originals to you.
A year-to-date business financial statement if the application date is more than 90 days after year-end.
Income and expense projections for at least one year if financial statements are not available for the previous three years.

Instructions

Complete each section as applicable
Provide the name, Social Security number, address, title and percentage of ownership for each individual, partner or officer as appropriate. 100% ownership interest must be shown.
Itemize each use of funds such as purchase inventory, payoff bank loan(s), etc. Complete the following areas:
- Insert total of itemized use of funds.
- Insert the amount of money or assets you are willing to put into the business.
- Insert the amount of money or assets others are willing to put into the business.
- Combine b and c, then subtract it from a. This is the loan amount you are requesting.
Attach an itemized list of any machinery and equipment, furniture and fixtures, and/or other items that could be used as collateral. If you are offering real estate as collateral, include a legal description and address.
Indicate the type of loan being requested.
Ensure the information is complete, then sign and date the application.
Deliver your completed application packet to any of our centers or mail it to:

Finance Center Federal Credit Union
7101 East 56th Street
Indianapolis, Indiana 46226

For additional assistance, contact:

Ken Yedlick, Vice President of Commercial Lending
KYedlick@fcfcu.com
317.916.6112