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Facilities (Asset Based Lending (A/R Factoring (General Requirements (A/R…

- - - - A/R Factoring for Special Business Types
        
        Medical
        
        Spot A/R factoring
        
        Full-term A/R factoring
        
        Documents Required
        
        Most recent A/R aging summary listed by insurance company
        
        a/p aging summary
        
        YTD financials accompanied by previous two year-end financials
        
        list of associated insurance companies (in network or out of network denotation for each)
        
        collection history report 12 months trailing (displaying the procedure, Date of service, date of bill, amount billed, insurance carrier, payment made by insurance, portion of payment received by patient, write off/adjustment, and the balance for each item)
        
        attached application filled out
        
        Construction
        
        Full-term A/R factoring
        
        General Requirements
        
        Documents Required
        
        Application form filled out
        
        invoice with draw request
        
        invoice approval and contract
        
        A/P & A/R aging summary
        
        YTD financials
        
        Spot A/R factoring
        
        General Requirements
        
        Documents Required
        
        Application form filled out
        
        A/P aging summary
        
        A/R aging summary
        
        YTD financials
        
        Transportation
        
        Spot A/R factoring
        
        Full-term A/R factoring
      - Traditional A/R Factoring
        
        Spot Factoring
        
        General Requirements
        
        Documents Required
        
        A/P aging summary
        
        A/R aging summary
        
        YTD P&L and B/S
        
        Application form filled out
        
        Full-Term Factoring
        
        General Requirements
        
        Documents Required
        
        Application filled out
        
        A/R aging summary
        
        YTD financials
        
        A/P aging summary
        
        Previous year-end P&L and B/S
        
        Debt schedule
- - - - 7(a) loans for business acquisitions
        
        Documents Required
        
        YTD accompanied by previous two year financials of the seller
        
        Financial projections
        
        Seller's last 3 years tax returns
        
        Buyer's last 3 years personal Tax returns for Guarantors of 20% or more
        
        Borrower information form filled out
        
        Purchase agreement copy
      - General 7(a) Loans
        
        Documents Required
        
        Current and Previous Year financials
        
        Financial Projections
        
        Previous three years business tax returns
        
        Previous three years personal tax returns for guarantors of 20% or more
        
        Personal financial statement form filled out for guarantors of at least 20%
        
        Attached debt schedule form
        
        Filled out borrower information form
  - - - Business Advance
        
        General Requirements
        
        Documents Required
        
        Application form filled out
        
        6 months most recent bank statements
        
        merchant account statements (if applicable)
        
        Debt Schedule
        
        Driver's License copy
      - Business Advance Premium
        
        General Requirements
        
        Documents Required
        
        Last year's tax return
        
        YTD financials
        
        Previous year-end financials
- - - - general requirements
    - - General Requirements
        
        Documents Required for Underwriting
        
        Application form filled out
        
        A/P aging summary
        
        A/R aging summary
        
        YTD Financials
        
        previous year-end financials (P&L and B/S)
        
        (IF APPLICABLE) copies of the orders and Pro Forma to supplier
        
        Parties to the acquisition process
        
        B2B relationship
        
        A distributor
        
        A manufacturer
        
        Volume / concentration
        
        Quantity of Purchase orders
        
        Total P/O amount per period
    - - General Requirements
        
        Documents Required for Underwriting
        
        Application Form filled out
        
        Application and attached supporting documents
        
        Personal financial statement
    - - General Requirements
        
        Documents Required for Underwriting
        
        Documents in the document request form
        
        filled out personal financial statement
        
        Credit request authorization (release form)
        
        Application