PLEASE PRINT OUT THIS PAGE, COMPLETE
THE SIMPLE PRELIMINARY LOAN APPLICATION
AND SEND USPS MAIL OR E-MAIL IT TO US
AS SOON AS POSSIBLE
Since 1975-Contact us TODAY for a FREE Consultation
Phone or Text 856-278-6103
Dear Sir or Madam,
Thank you for applying to Barclay Associates for your financing
needs. In order to proceed, we will need the answers to the following
preliminary questions which are included on this page. We are sorry, but
we cannot answer any questions about any proposed loan, loan terms or loan
program until you return the preliminary application. .The questions in the
application shown below will only take a short time to complete but are very
important to begin the loan process.
We want to do business with you, but if you are a principal
who is purchasing real estate or a business ...... please DO NOT send in a
completed application unless you have either A WRITTEN ACCEPTANCE OF YOUR OFFER
FROM THE SELLER or a strong verbal agreement from the seller. In this case,
the seller must be close to signing an acceptance of your offer. We cannot begin
to process a loan application that does not meet these conditions.
*********** FILLING OUT THE APPLICATION *********
We will have to reject any application that is:
1. Not printed legibly. Remember the application will be read by several
individuals during the loan approval process.
2. Not filled in completely. All required items MUST BE completed. Give as much
detail as you feel you will need to make your loan request more appealing to a
lender. PLEASE CONTACT US BY E-MAIL AT ANY TIME if you have questions about
filling in the loan application. Give us your phone number in the e-mail.
We will either call you or reply by e-mail.
3. Answer all questions TRUTHFULLY with accurate data and financial figures. If
you do not have accurate data in hand then hold the application until you have
the correct data.
If your information is complete and legible we can issue a letter of intent or
term sheet in a short period of time.
== IMPORTANT== Before filling out the application, please check out our current
MINIMUM LOAN AMOUNT shown at the bottom of every web page on our website.
PLEASE REPLY AS SOON AS POSSIBLE.
PLEASE PRINT OUT THIS PAGE, COMPLETE THE SIMPLE LOAN
APPLICATION BELOW AND SEND USPS MAIL OR E-MAIL IT TO US AS SOON AS POSSIBLE
If more than one property is involved, please copy this form and submit one
completed form for each property.
IT IS EXTREMELY IMPORTANT TO ANSWER ALL QUESTIONS, FILL IN THIS APPLICATION
COMPLETELY AND TO SUBMIT YOUR CREDIT SCORES.
IMPORTANT - If you are a broker, do not answer the questions below, but please
proceed immediately to our
website broker pages at
Broker Information Pages for more
information about our broker referral
fee program. If the conditions are agreeable to you, please e-mail us and ask
for a "Broker Referral Form."
If you are a principal (borrower) and are not a broker, please answer ALL of the questions below.
IMPORTANT -- IF THIS IS A PURCHASE, Please DO NOT submit this application until
you have a written acceptance from
13 Question Application - Raw land and land development
BORROWER CONTACT INFORMATION
Contact Name ________________________________________
Co. Name (if any) ____________________________________
Borrower’s Address __________________________________
City_____________________________ State __________
Contact Phone Number ________________
Fax Number ______________
E-Mail (Very Important):
1] Brief description of the nature of the project and its exact location
2] Brief background on principals describing their experience
3] How much capital have the principals have put into the project to date and
how were those funds allocated?
4] How much capital can the principals put into the project going forward.
5] Is the land on which the project is to be constructed currently owned by the
6] If the land is owned now, what is its current value ‘as is’ and are there any
encumbrances against it.
7] Do the principals have all necessary state, city and other government
8] What is the estimated completion value of the project ?
9] How much financing is being requested?
10] Specific breakdown of how these funds will be used:
11] We need a projection showing the anticipated annual revenue and net income
project for a three year period
12 - We need a current balance sheet showing how the borrowing entity is
capitalized. If the borrower is not a company then a personal financial
13 - = If you have a RECENT
FICO credit score, what is it? If you do not know your recent
score, see below.
HOW TO PULL YOUR OWN CREDIT REPORT AND SCORE
We cannot proceed without your credit score. For a moderate sum it is very simple
to pull your own credit online at MYFICO.COM
Drawing your own credit does NOT penalize or reduce your overall score. If you
decide to draw your credit online, please send us only the THREE SHEETS that
show your CREDIT SCORE DO NOT SEND THE ENTIRE REPORT. Each of the three credit
reporting agencies Experian, Equifax and Trans Union will send you a score
sheet. If you have not drawn or seen your credit report and scores for some time
it is a good idea to get the report(s) since they may contain errors which you
can correct and thus raise your score(s).
Additional Comments, if any:
Signature of authorized representative
Print Name and Title