Commercial Loan Application - Ijara Community Development Corp.

General Information Form

For Ijara USA Commercial Application Form

Use this form when applying for amounts of $250,000 or more.

Trying to apply for a lower amount? Apply for consideration on our website.

From Halalwallet

Yes

Loan Request Information

Please complete all information to avoid delays in processing your application

Amount Requested(Required)

Please enter a number greater than or equal to 250000.

Is this application for masjid/non-profit finance?(Required)

Yes

No

Application For(Required)

Conventional

Construction Finance

SBA

Purpose of Loan(Required)

Loan Type(Required)

Purchase

Refinance

Source of Repayment(Required)

Term Requested in Years(Required)

Please enter a number from 0 to 25.

Amortization Requested in Years(Required)

Please enter a number from 0 to 25.

Term Requested in Years(Required)

Please enter a number from 0 to 10.

Amortization Requested in Years(Required)

Please enter a number from 0 to 10.

Loan Collateral

Subject Property

Type of Property(Required)

Estimated Market Value(Required)

Purchase Price(Required)

Date of Purchase(Required)

Current Lender(Required)

Rate(Required)

Please enter a number from 0 to 100.

Monthly Payment

Current Balance

Property Gross Annual Revenue(Required)

Annual Expenses(Required)

Number of Tenants(Required)

Please enter a number greater than or equal to 0.

Additional Property

Type of Property

Estimated Market Value

Purchase Price

Date of Purchase

Current Lender

Rate

Please enter a number from 0 to 100.

Monthly Payment

Current Balance

Property Gross Annual Revenue

Annual Expenses

Number of Tenants

Please enter a number greater than or equal to 0.

Subject Property

Type of Property

Will purchaser occupy 51% or more of the property?

Yes

No

Closing Date

Purchase Price

Current Loans

Additional Property

Type of Property

Closing Date

Purchase Price

Current Loans

Section Stopper

Do you have any additional properties?

Yes

No

Owners Information

Upon submission of this form, all owners with 20% or more ownership will receive an email invitation to fill out our Personal Financial Statement form as part of the next step in this Commercial application.

Name(Required)

First Name

Name(Required)

Last Name

Percent Ownership(Required)

Please enter a number from 0 to 100.

Title(Required)

Email(Required)

Phone Number(Required)

Business Nature & History

Background and History of Business(Required)

Nature of Business, Types of Products/Services(Required)

Customer Profile/List of Key Customers(Required)

Marketing(Required)

List of Major Competitors(Required)

Major Past Accomplishments(Required)

Future Expansion(Required)

How will this loan benefit your business?(Required)

For Start-Up Businesses or Acquisition of Existing Business

Attach a complete business plan and three years projections with the first year being month to month. Must also include explanations on projections, source, trends, etc.

Business plan and projections

Drop files here or

Max. file size: 1 GB, Max. files: 10.

Loan Request

Real Estate/Building Acquisition

Land Acquisition

New Construction/Expansion/Repair

Acquisition and/or Repair of Machinery and Equipment

Inventory and Supplies Purchase

Working Capital

Acquisition of Existing Business

Refinance Loan

Miscellaneous Closing Fees

Miscellaneous Fees

Other

Other (Amount)

Other (Continued)

Other (Continued, Amount)

Other (Continued)

Other (Continued, Amount)

Include a copy of proposed/executed purchase agreement and copies of all tenant leases if applicable

Drop files here or

Max. file size: 1 GB, Max. files: 10.

List of Equipment to be Purchased

Total Estimated Project Amount

Equity Injection(Required)

Total Loan Requested

Source & explanation for cash/equity injection

Certification & Signature

By signing and submitting this form, I agree to the following terms:

Each of the undersigned hereby instructs, consents, and authorizes the Lender/Broker, or any affiliate, subsidiary, or assigns to obtain a consumer credit report and any other information relating to their individual credit status in the following circumstances: (a) relating to the opening of an account or upon application for a loan or other product or service offered by Lender by a commercial entity of which the undersigned is a principal, member, guarantor, or other party, (b) thereafter, periodically according to the Lender’s credit review and audit procedures, and (c) relating to the Lender’s review or collection of a loan, account, or other Lender product or service made or extended to a commercial entity of which the undersigned is a principal, member, guarantor, or other party.

The Applicant(s) individually and/or by the signature(s) of its authorized representative below, hereby certifies that: the foregoing has been carefully ready by the Applicant and is given to the Lender/Broker for the purpose of obtaining the credit described above and other credit from time to time in whatever form; the information in this Application and any other documents or information submitted in connection with this Application or any other credit request are true and correct statements of the Applicant’s financial condition and may be treated by the bank as a continuing statement thereof until replaced by a new Application or until the Applicant specifically notifies Lender/Broker in writing of any change; and the credit requested herein and any other credit obtained from the Lender/Broker by the Applicant on the basis of the information contained in this Application shall be used solely for business and commercial purposes.

The Applicant and each Guarantor authorize the Lender/Broker to verify at any time any information submitted to the Lender/Broker by or on behalf of the Applicant and/or any Guarantor; obtain further information concerning the credit standing of the Applicant, its representatives and Guarantors; and exchange such credit information with others.

The Applicant agrees to provide additional information, financial or otherwise, upon request and agrees that, unless otherwise directed by the Applicant in writing, all statements and notices regarding any credit granted by the Lender/Broker to the Applicant shall be mailed or faxed to the Applicant at the address or number shown above. Any person(s) signing below is duly authorized and empowered to request credit on behalf of the Applicant.

Agreement(Required)

I agree to the terms above

Unless I initial here, the Lender/Broker is hereby authorized to share this application and credit information with its affiliates or other lenders, which may consider my/our application of loan approval/purchase. This statement does not limit the Lender/Broker’s rights to sell or assign any loans to a third party. ______

Initial to opt out

Ijara Sales Representative

Authorized Representative Full Name(Required)

First Last

Authorized Representative Title(Required)

Authorized Representative Signature: ______

Signature (type your full legal name)(Required)

Application Date

Box Folder Name

Loan Request Info

General Information Form

Loan Request Information

Loan Collateral

Subject Property

Additional Property

Subject Property

Additional Property

Section Stopper

Applicant Information

Owners Information

Owner #1

Owner #2

Owner #3

Owner #4

Owner #5

Owner #6

Owner #7

Owner #8

Owner #9

Owner #10

Disclosure Questions

Business Nature & History

For Start-Up Businesses or Acquisition of Existing Business

Loan Request

Certification & Signature