Application Checklist

TYPE of FINANCING REQUIREMENTS SUMMARY
Application-Only Equipment Loans and Leases

ATY Credit Application

Description of the equipment to be purchased (e.g., new/used, make, model, model year, and cost)

Requested finance terms (loan or lease, length of term)

Full Disclosure Transactions

Above, plus:

Year-end company financial statements for the past three years (plus corresponding company tax returns if the financial statements are not audited)

Most recent interim financial statement available, plus the interim statement for the corresponding period of the prior year

Full Disclosure Transactions For all "S-Corps" Or Closely Held Organizations

Above, plus:

Personal financial statement(s) for all 25% (or greater) owners, signed and dated within the past three months

Most recent two personal tax returns for all 25% owners

Full Disclosure Transactions For All Revolving Lines of Credit

Above (Closely Held Organizations) plus recent A/R and A/P aging reports

Full Disclosure Transactions For All Real Estate Loans

Above (Closely Held Organizations) plus a detailed description of the subject property, including:

  • Property Address
  • Property Description (e.g., 2 acres unimproved land, or 2 acres land with a 2-story 10,000 sf building currently used as warehouse space, etc.)
  • Copy of agreement of sale (properties to be acquired)
  • Copy of appraisal (if available)
  • Monthly payment, outstanding balance and current mortgagor (refinances)

NOTE: This checklist is intended as a general guide to credit requirements for various transaction types. Actual requirements may vary significantly on an individual case-by-case basis.

 

 

ATY Capital · Jim Young, President
5 Springwood Lane · Chester Springs, PA 19425
(P) 610-469-9415 · (F) 610-469-9416 · (M) 484-883-3819 · Email: jimyoung@atycapital.com