This is a sample application form for business loan in a bank. Directions: Fill out the form with the following details. a. Assume any type of business of your choice, create its name, address, mobile number, and email address. b. You are a one-year existing client of the bank since January 1, 2018, with payroll account 523-54897 and an outstanding balance of Php 150,000.00. c. It is a family business, a single proprietor, and 3 years in operation. You have 5 employees. d. Tax Identification Number of the business is 404-143-877-001. e. The past year's net income is Php 300,000.00. f. It is your first time to apply for a loan. The amount you plan to loan is Php 500,000.00 payable for 36 months and the purpose is to remodel your store.
This is a sample application form for business loan in a bank. Directions: Fill out the form with the following details. a. Assume any type of business of your choice, create its name, address, mobile number, and email address. b. You are a one-year existing client of the bank since January 1, 2018, with payroll account 523-54897 and an outstanding balance of Php 150,000.00. c. It is a family business, a single proprietor, and 3 years in operation. You have 5 employees. d. Tax Identification Number of the business is 404-143-877-001. e. The past year's net income is Php 300,000.00. f. It is your first time to apply for a loan. The amount you plan to loan is Php 500,000.00 payable for 36 months and the purpose is to remodel your store.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Question
![This is a sample application form for business loan in a bank. Directions: Fill out the form with the
following details.
a. Assume any type of business of your choice, create its name, address, mobile number, and email
address.
b. You are a one-year existing client of the bank since January 1, 2018, with payroll account
523-54897 and an outstanding balance of Php 150,000.00.
c. It is a family business, a single proprietor, and 3 years in operation. You have 5 employees.
d. Tax Identification Number of the business is 404-143-877-001.
e. The past year's net income is Php 300,000.00.
f. It is your first time to apply for a loan. The amount you plan to loan is Php 500,000.00 payable for
36 months and the purpose is to remodel your store.](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fb17cf668-51fe-42d7-a5cb-7691c3099e1a%2F9ff60728-99cc-4c9a-9452-fb481dd96620%2F90sq5l7_processed.jpeg&w=3840&q=75)
Transcribed Image Text:This is a sample application form for business loan in a bank. Directions: Fill out the form with the
following details.
a. Assume any type of business of your choice, create its name, address, mobile number, and email
address.
b. You are a one-year existing client of the bank since January 1, 2018, with payroll account
523-54897 and an outstanding balance of Php 150,000.00.
c. It is a family business, a single proprietor, and 3 years in operation. You have 5 employees.
d. Tax Identification Number of the business is 404-143-877-001.
e. The past year's net income is Php 300,000.00.
f. It is your first time to apply for a loan. The amount you plan to loan is Php 500,000.00 payable for
36 months and the purpose is to remodel your store.
![BUSINESS LOAN APPLICATION FORM
Existing Secure It Bank Client?
If YES, what type of account?
Account Type
Account Numbers
Yes
Payroll
No
Deposit/Investment
Loans
LOAN DETAILS
LOAN AMOUNT
LOAN PURPOSE
Working Capital Requirements
Purchase Equipment
LOAN TENOR
Purchase/Remodel Workplace
12 mos
24 mos
Business Expansion/Start New Business
18 mos
36 mos
Marketing Advertising
BORROWER INFORMATION
Sole Proprietorship
Partnership
Corporation
TYPE OF BORROWER
BUSINESS INFORMATION
Business/Company Name
Family Business
Tax ID Number (TIN)
Yes
No
Years in Business
Number of Employees
Nature of Business
Business/Plant/Office Address
Bldg No.
Street
Subd./Brgy.
Municipality
City/Province
ZIP Code
Telephone Nos
Mobile Number
Email Add
BUSINESS OWNERS/MANAGEMENT
Name (Last, First, Middle)
Years in Role
Position
BUSINESS FINANCIAL INFORMATION
LATEST YEAR NET INCOME
BANK/DEPOSIT ACCOUNTS
Date Opened
(mm/dd/yyyy)
Outstanding Balance
(Php)
Bank
Bank Statement?
LOAN/CREDIT ACCOUNTS
Bank
Loan Amount
Monthly Payment
Maturity Date](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fb17cf668-51fe-42d7-a5cb-7691c3099e1a%2F9ff60728-99cc-4c9a-9452-fb481dd96620%2F77m06la_processed.jpeg&w=3840&q=75)
Transcribed Image Text:BUSINESS LOAN APPLICATION FORM
Existing Secure It Bank Client?
If YES, what type of account?
Account Type
Account Numbers
Yes
Payroll
No
Deposit/Investment
Loans
LOAN DETAILS
LOAN AMOUNT
LOAN PURPOSE
Working Capital Requirements
Purchase Equipment
LOAN TENOR
Purchase/Remodel Workplace
12 mos
24 mos
Business Expansion/Start New Business
18 mos
36 mos
Marketing Advertising
BORROWER INFORMATION
Sole Proprietorship
Partnership
Corporation
TYPE OF BORROWER
BUSINESS INFORMATION
Business/Company Name
Family Business
Tax ID Number (TIN)
Yes
No
Years in Business
Number of Employees
Nature of Business
Business/Plant/Office Address
Bldg No.
Street
Subd./Brgy.
Municipality
City/Province
ZIP Code
Telephone Nos
Mobile Number
Email Add
BUSINESS OWNERS/MANAGEMENT
Name (Last, First, Middle)
Years in Role
Position
BUSINESS FINANCIAL INFORMATION
LATEST YEAR NET INCOME
BANK/DEPOSIT ACCOUNTS
Date Opened
(mm/dd/yyyy)
Outstanding Balance
(Php)
Bank
Bank Statement?
LOAN/CREDIT ACCOUNTS
Bank
Loan Amount
Monthly Payment
Maturity Date
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