Commercial Loan Checklist
We have provided some of the items that are required for a Commercial Loan. Not all items are requested for each project but more complex loans may require additional information. In addition, our commercial loans and financing from hard money lenders will not require the documents upfront.
What you need to apply for a loan…
Applying for a loan can seem daunting. Everyone knows loans require different documents and evaluations. At GenWealth, our job is to make financing your commercial project or business venture as easy as possible. Our commercial loan checklist is here to help guide you through the process of getting a loan from a hard money lender. Our commercial firm connects you with the right lenders for your unique situation. The right lender can make a tangible difference in a project. Our great customer service team is here if you have any questions about commercial loans from hard money lenders. We will help make your project a reality.
The Checklist below is to provide a guide on what to look for in financing. Depending on the transaction, only a few items will be needed for your loan.
Checklist
Company History
Loan Use
Explanation or a one page Statement on how the funds will be utilized on this project.
Scope of Work (construction)
Operating Statements for the subject property
Rent Rolls
Lease Agreements
Personal Financial Statement
Business Entity Documents
Sources and Uses of the Project
Want more info about commercial loans?
Our commercial mortgage brokerage firm has years of experience working in the commercial project financing industry. GenWealth has extensive knowledge on a variety of different commercial projects and lenders. Contact us if you need information or guidance for your commercial venture. Our team will be glad to share our experience.
