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Commercial Banking

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

Visit one of our branches to apply today!