Company
Loan
Request
Date:
Month Day, Year
Borrower:
Company
Contact Person:
Name
1234 Main Street
City, State
48900
(123)
456-7890
Type of Loan:
Commercial Term Loan
Amount:
$500,000
Use of
Proceeds:
Construct new Business Building
Terms:
To Be
Determined
Closing Date:
Commitment Letter by (Month Day,
Year)
Takedown at
Closing:
100% To Existing Creditors
Collateral:
First position on business assets and
personal
guarantee of
owners
Rate:
To Be Determined
Repayment
Schedule:
Payment of Principal and Interest
Monthly
Source of
Funds
for Repayment:
Business Income
Alternate
Source
of Funds for
Repayment:
Personal Salary & Sale of
Business
