Thank you for your interest in a business
banking relationship with Baylake Bank.
Baylake Bank has financed numerous business ventures in Northeast
Wisconsin and is one of the most active Small Business Administration
(SBA) lenders in the state. As a designated SBA Preferred Lender,
Baylake Bank is able to offer its customers quick responsiveness and a
rapid turn around time on all types of commercial loans.
This application package is intended to be useful to you, the borrower,
as you begin your voyage into new business ventures, and is also
designed to provide Baylake Bank with the information to process your
loan request quickly.
Included within this application package:
- The page entitled
for a Business Loan requires some basic information about the
business you may currently own or are about to acquire. At this time
you may want to speak with your accountant and attorney to determine
the type of ownership that will be beneficial to you from a tax and
personal liability standpoint. Determining the amount of financing
that you will need is affected by a variety of factors from land
acquisition and construction to inventory and working capital needs.
If you currently have business debt, we will need to know the terms of
Form 4506-T is included
in the packet and needs to be completed if the business already
exists. It enables us to verify tax information directly with the IRS
and should be signed by the current owner(s) of the business.
Financial Statement is a snapshot in time of your current
financial picture. What are your assets and liabilities? That is, what
do you own and what do you owe. It helps us to view your existing
financial position and enables us to see potential liquidity upon
which you can depend.
Personal History verifies that each principal is qualified to
receive an SBA loan.
Checklist for SBA
Loans gives you an idea of the type of information that we will be
compiling when an SBA loan is being processed. Many of the forms will
be completed by Baylake Bank with the information provided by you in
the loan application package.
Although the package may appear a bit overwhelming at first, in the
long run it enhances and speeds up complete information gathering for
both you and your loan officer. More importantly, it is our hope that
the completion of this form will encourage you to look at all aspects of
your business. Planning is an important tool to ensure the success of
your business and completing this form will help you to do that as well
as increase the likelihood that we will be able to approve your loan
request. If you should have any questions, please do not hesitate to
call your Baylake Bank Business Banker.
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| 217 N. 4th Avenue, Sturgeon Bay, WI
(920) 743-5551 or (800) 267-3610
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Baylake Bank. All rights reserved.
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that you complete a form, then deliver it to your loan officer.
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a Business Loan
Schedule of Indebtedness
Personal Financial Statement
Projection and Forecast of
Income and Expenses
State of Personal History
Checklist for SBA Loans
complete Application Packet