22/04/2022
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Sample Business Loan Application
Finance / / July 04, 2021
A business loan application, is a document with which a company requests a loan, either from a banking, private or to a government institution, in order to have capital to carry out its activities.
It is through a representative who, being authorized by the company, makes said request, if it is small, it can be directly the owner.
This request can or should contain some of these elements:
1. Generals of the company (History)
2. Name of the owners
3. Social Security number
4. Business address
5. General partners
6. Purpose of the loan
7. Use of the loan
8. Loan amount
9. Business Description
10. Number of employees
11. Nature of business
12. Business structure
13. Kind of society
Example of a business loan application:
Business loan application
Company image
Banco Provincial del Norte S.A de C.V
Av. Lázaro Cárdenas No 561
Cabbage. Chapingo Michoacán Mexico.
Application Number: 562
General:
Company name: Laudaría Marceau S.A de C.V
Business name: Guitars and string instruments factory.
Telephone: 55-xx-xx-xx
e-mail
Direction:Av. Comitán number 896 Col Cochinchilla
Town: Morelia
Condition:Michoacan Mexico.
Record:
This is a company dedicated to the manufacture of stringed musical instruments of the highest quality. This company was created by Mr. Francoise Marceau Deveró and his wife Ms. Tomasa Pérez Calderón in 1977, to form it, they associated with three people who contributed capital to acquire the initial tool. The first shareholders were the gentlemen: Agustín Castillo Figueroa, Fernando Carrillo Fernández, Josefina Morales Herrera.
This company was formalized on December 12, 1977, being recorded in notarial entry number 7854, carried out by the public notary number 1085 of the state of Michoacán, the contribution and circumstance of the partners was as follows way:
- Mr Francoise Marceau Deveró with 27%
- Agustín Castillo Figueroa with 22%
- Fernando Carrillo Fernandez 25%
- Josefina Morales Herrera. 26 %
By 1985, the manufacture of instruments crossed borders and we began to export instruments; now in 2012 our company begins to require a new investment to continue exporting abroad.
This company is registered with the social security under registration number 5264897. And it has a total of 32 employees who are already duly registered with social security.
Loan amount
Due to the new requirements that the market is presenting to us and due to the effects of the foreign trade agreements that have been registered by the government, We intend to expand and that is why with this document we request a loan of 500,000.00 (five hundred thousand pesos M / N) from your institution.
Purpose of the loan
The purpose of this loan is for the purpose of acquiring new machinery and hiring more employees, as well as training new employees to operate the new machinery.
Use of the loan
This loan would be channeled 40% into the acquisition of machinery for the manufacture of the instruments 30% in the hiring and preparation of employees and 30% in the acquisition of material.
We hope that our projects and motivations will be taken into consideration for the loan to be approved.
Atte.
Mr. Francoise Marceau Deveró
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