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Commercial Loan Application Form Template

Create a Smooth Application Process with Our Form Template

Struggling to manage loan applications from commercial clients can slow down your business and frustrate potential borrowers. This Commercial Loan Application Form Template is designed for financial institutions, enabling you to streamline your application process efficiently. With features like customizable fields, automated responses, and easy data collection, you can ensure quicker approvals, enhanced client satisfaction, and organized records. Embrace a hassle-free solution to manage applications with ease.

Use this Template (FREE) Live Preview
Applicant full name
Email
Phone
Legal business name
Employer Identification Number (EIN)
Business address (street, city, state, postal code)
Date business established
Business structure
Corporation (C or S)
LLC
Partnership
Sole proprietorship
Nonprofit
Trust
Other
Please Specify:
Industry or nature of business
Number of employees
0
1-4
5-9
10-24
25-49
50-99
100+
Annual gross revenue (most recent fiscal year)
Under $100,000
$100,000 - $249,999
$250,000 - $499,999
$500,000 - $999,999
$1,000,000 - $4,999,999
$5,000,000+
Prefer not to say
Loan amount requested (USD)
Primary purpose of funds (select all that apply)
Please Specify:
Desired repayment term
Under 12 months
1-3 years
3-5 years
5-10 years
10+ years
Not sure
Brief description of how the funds will be used
Do you have a business plan or financial projections available?
Yes
No
Do you currently have any business loans or financing obligations?
Yes
No
Total outstanding business debt (approximate)
Any late payments, defaults, or judgments in the past 24 months?
Yes
No
Any bankruptcy (business or personal) in the past 7 years?
Yes
No
Primary owner full name
Primary owner's ownership percentage
Primary owner's date of birth
If yes, list additional owners (names, dates of birth, and ownership percentages)
Are there additional owners with 20% or more ownership?
Yes
No
Are you willing to provide collateral?
Yes
No
Available collateral types (select all that apply)
Business assets
Equipment
Inventory
Accounts receivable
Commercial real estate
Vehicles
Cash or CDs
Personal guarantee
Other
Please Specify:
Collateral description and estimated value
Financial documents you can provide now (select all that apply)
Please Specify:
Is the business in good standing with state and federal filing requirements?
Yes
No
Is the business subject to any pending or threatened litigation?
Yes
No
I authorize the lender to obtain credit reports and verify the information provided
Strongly disagree
Disagree
Neither
Agree
Strongly agree
Type your full legal name as signature
Signature date
I certify that the information provided is true and correct to the best of my knowledge
Strongly disagree
Disagree
Neither
Agree
Strongly agree
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Paper art illustration depicting a commercial loan application form template for FormCreatorAI article

When to use this form

Use this form when you need a complete, comparable view of a business borrower. Banks, credit unions, lenders, and brokers use it to screen applicants, collect documents, and speed underwriting. It fits scenarios like purchasing equipment, stocking inventory, refinancing higher-cost debt, or opening a second location. If the request is for property, route applicants to a dedicated Mortgage application form; for vehicles or a fleet, send them to the Auto loan application form. Clear, structured fields reduce back-and-forth, surface risks early, and help you issue faster decisions. Your applicants also benefit, because they know what to gather before you run credit or order appraisals.

Must Ask Commercial Loan Application Questions

  1. What is your business legal name, DBA (if any), EIN, and entity type?

    These details verify identity and match public records, preventing delays from typos or mismatches. They also determine documentation needs and how you structure the loan.

  2. How much funding are you requesting, and exactly how will you use the funds?

    Clear purpose and amount help you align terms, rate, and collateral to the use case. It also flags if a different product would fit better.

  3. How long have you been in business, and what are your annual revenue and average monthly cash flow?

    Time in business and cash flow are core underwriting signals for capacity to repay. Asking for both supports quick ratio checks and reduces back-and-forth.

  4. What existing business debts do you have, and what are the current balances and monthly payments?

    This gives you a clean debt service picture and prevents surprises in the credit pull. It also helps you spot refinance opportunities and consolidate payments.

  5. Who owns the business (names and ownership %), and do all owners authorize a credit check and personal guarantee if required?

    Guarantor and authorization details let you run credit and meet compliance without extra steps. If an applicant needs help before reapplying, offer a path with a Credit repair consultation form.

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