MAKE YOUR FREE Business Loan Application

Create Your Document In Just 3 Easy Steps:

Build your document

Answer a few simple questions to make your document in minutes

Save now, finish later

Start now and save your progress, finish on any device

RocketSign® & use

Securely sign online and invite others to sign

OTHER NAMES Small Business Loan Application Business Loan Application Form

What is a Business Loan Application?

You may need extra funds to help your business grow. Or perhaps you're a lender. A Business Loan Application provides the information to a potential lender so that they can decide whether to make a loan. A Business Loan Application Form can help everyone move the process along, and ensure that all the necessary terms are covered.

Understanding how to get a Business Loan is vital for both borrowers and lenders. It details the general operations of the business, the principal owners and managers, the amount and type of loan requested, and repayment terms. Optional provisions include the listing of guarantors of the loan and references regarding past credit transactions. Getting a business loan with this loan application format may additionally produce a separate letter allowing the lender to verify information provided in the application.

When to use a Business Loan Application:

You wish to apply for a business loan.

This document has been customized over 26.5K times

Documents and communicates

Ask a lawyer questions about your document

BUSINESS LOAN APPLICATION

Re: Loan Application

In an effort to obtain a loan from your institution, the undersigned present(s) the following information as an application for an extension of credit. If you have any additional questions or need further information to supplement this application, please feel free to call the undersigned at your convenience.


Name of Business:


Contact person:


	,


	Phone: Ext.:


Type of Organization:


Nature/Line of Business:

Key Owners/Officers:


Name:


Title:


Address:


	,


	Phone: Ext.:


Length of time in business:


Time under current management:


Owner's cash or other equity invested:

Current Loan Request


1. Amount of loan:


2. Type of loan:


3. Interest rate:	%

4. Term:

a. Beginning date:

b. Number of payments:

5. Repayment schedule:

The purpose for the loan request:


Source of repayment:


Available collateral:

Guarantor(s):

Borrowing History


*Other Lender:*


Address:


	,


Phone:


Date of loan:


Amount borrowed:


Current balance:


Business Plan:

References


Name:


Address:


	,


Phone:


Relationship:

This Application is signed on behalf of by , .


By:	Date:

, .: .The attached Authorization Letter should be printed and signed by .

Try Rocket Lawyer FREE for 7 days

Start your Premium Membership now and get legal services you can trust at prices you can afford. You’ll get:

All the legal documents you need—customize, share, print & more

Unlimited electronic signatures with RocketSign^®

Ask a lawyer questions or have them review your document

Dispute protection on all your contracts with Document Defense^®

30-minute phone call with a lawyer about any new issue

Discounts! Incorporate for FREE + hire a lawyer with up to 40% off*

*Free incorporation for new members only and excludes state fees. Lawyer must be part of our nationwide network to receive discount.