| A loan package is typically used for real estate | | | | key aspects and facts of the overall loan package. |
| development projects and acquisitions, but there are | | | | For this reason, the summary should be developed |
| parts of the package which are applicable to the | | | | after the loan package is completed. |
| other types of business and commercial loans and | | | | Below you will find a suggested format for the loan |
| finance. If you are seeking a loan or funding from a | | | | summary and package. Amend them to suit your |
| commercial or business lender or funding from a | | | | particular project and funding request. |
| venture capital firm or investor, it is important to | | | | Suggested Loan Summary Format - company |
| present a well organized, detailed loan package. The | | | | information, project description, company and project |
| package gives the loan officer, investor or venture | | | | principals experience summary, sources and uses of |
| capitalist the necessary information to gauge the | | | | funds, requested loan terms, summary of assets and |
| viability of your loan or finance request, and in turn, | | | | collateral, project financial summary, current company |
| providing you a loan term sheet and commitment. All | | | | and project financial summary |
| lenders and funding sources have different | | | | Suggested Loan Package Format - table of contents; |
| requirements, so customize your finance package to | | | | loan summary; company and project information, |
| their parameters. | | | | contact details and history; principals backgrounds, |
| Loan packages can be voluminous and paper | | | | experience and resumes; key project employees, |
| intensive so it is important that it is well organized | | | | executives and managers experience and |
| with a detailed table of contents and alphabetical tabs | | | | responsibilities; company and project organizational |
| indicating different sections. This way the loan officer | | | | chart; company registration; project description; |
| can easily find the necessary information in the | | | | project pictures and renderings; key roles and |
| package when analyzing and assessing your loan | | | | relationships - company, strategic partners, third |
| qualification and the resulting terms. | | | | parties and government; sources and uses of funds; |
| The loan package should be bound in paper form, | | | | company and project collateral, assets, liens and |
| scanned to a disk and available for online download. If | | | | loans; schedule of real estate; rent roll; company and |
| you are mailing to the Loan Officer a paper copy be | | | | principals credit standing and credit reports; principals |
| sure to include the package on a disk as well. This | | | | and company financial statements; company balance |
| way the lender can print out different sections for | | | | sheet; project budget; company and project cash |
| various loan committee members and decision | | | | flow statements; pre-sale commitments; project |
| makers. The disk should be well organized, with each | | | | appraisals and valuations; project studies, feasibility |
| section of the loan package as a separate, labeled | | | | studies, business plan, consulting studies and |
| folder, all presented in the order indicated in the table | | | | engineering studies; project proposals and contracts, |
| of contents, which should be the first folder on the | | | | lease agreements and escrow agreements; title |
| disk. | | | | policies; annual reports; tax returns - personal and |
| Preceding the loan package document is a loan | | | | business; project strategic plan and time line; project |
| summary, two to three pages in length, which | | | | construction plans, specifications, drawings, surveys |
| summarizes the important parts of your loan or | | | | and maps; project construction cost breakdown; |
| finance request. The loan summary is the first section | | | | construction cash and finance disbursement schedule; |
| in the loan package and can also be used as a | | | | project construction cash flow statement; project |
| standalone document to generate and gauge interest | | | | and company advisors, consultants, contractors, |
| in your project. If used as a standalone, it should be | | | | construction team, legal firms, accounting firms and |
| accompanied by an executive summary. The loan | | | | engineering firms; appendix |
| summary is to a loan package what an executive | | | | Good luck with your funding initiative! |
| summary is to a business plan, a summary of the | | | | |