Commercial Banking |
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Corporate Loan & Overdraft
Requirements for Corporations
- Letter of request (stating amount being requested, purpose and security offered)
- Resolution to Borrow (companies, clubs, organizations, associations)
- Business Plan
- Documents supporting purpose of the facility
- Personal/Business Financial Statements (Business “Trading As”)
- Audited financial statements (companies)
- Cash flow projections for at least two years (reflecting month by month positions)
- Security Documents (e.g. real estate, cash)
- Copy of lease agreement ( if premises is being leased)
- Memorandum and Article of Association (Registration of Company)
- Copy of Business license
- Copy of Franchise Agreement (if Business is operating under a franchise)
- Bank references (name of past and present bankers)
- Certificates of good standing (Social Security Office)
- Certificate of good standing (Registrar of Companies)
Additional Requirements for Non-residents
- Copy or work permit/residency status
- Alien land holding tax
- Tax returns for last two years
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