Borrower Application Form

Borrower Application Form

Part 1- Initial Application

Part 2 - Business information

Part 3 - Directors/ Shareholders details

Part 4 -Details of the loan

Part 5 - Companies Accountants & Lawyer details

Part 6 - Credit history – Company / Directors / Shareholders

Part 7 - Banking information

Part 8 - Privacy disclosure statement and consent

Appendix 1 – Statement of Assets and Liabilities

Appendix 2 – Documentation checklist

Company Name:

Date: ……/…../201

IMPORTANT: This application is valid for a period of 60 days from the date it was originally completed. Should your circumstances change to a material extent before the expiration of this period, please contact us so we can review your position.

IMPORTANT INFORMATION

We set out below our keyguidelines, fees and charges associated with aloan application for borrowers on the ThinCats Australia Platform.

Loan Application:

Complete the application in full and in particular, provide all of the supporting documentation as detailed in the Documentation Checklist table at the end of this form.This will greatly reduce the timeframe to assess, fund and settle the loan.

You will also be required to sign a “Borrower Agreement” which sets out the various roles and responsibilities of the parties concerned.

Loan Listing on Platform:

Once we have evaluated the application and supporting documentation and if the loan is eligible for listing, we will prepare an Information Memorandum ("IM") on the borrower’s behalf which will need to be approved by the company directors prior to listing of the loan.

The “approved” IM together with any relevant documents will be placed on our platform for a period generally from 1-3 weeks ("listing period") till the loan is funded. During the listing period the borrower can request access to track progress of the lender bids on the loan.

Loan Execution and Disbursement:

Following completion of the listing period, if the loan is fully funded or a lesser amount accepted by the borrower, we will instruct our external lawyers to commence the process of loan execution which will include the preparation of loan and security documentation. Once the loan documents are executed by the borrower and verified by our lawyers, we will arrange to transfer the funds (less expenses due) to the borrower’s nominated bank account within one business day.

Fees:

The following fees are due and payable in accordance with the times as set out below:

(i)Application Fee: 2% on the loan amount capped at $20,000 (payable before we commence preparation of the IM).

(ii)Listing Fee: the greater of $1,000 or 0.50% on the loan amount capped at $2,500 (payable before we list the loan on the ThinCats platform).

(iii)Arrangement Fee: 2.0% on the loan amount (payable at or prior to settlement of the loan).

(iv)Legal Fees and Stamp Duty: as per external lawyer’s invoice (payable at or prior to settlement of the loan).

(v)Monthly Loan Administration Fee: 0.50% p.a.of the monthly loan balance (included as part of the monthly loan repayment).

All of the fees referred to above are subject to GST.

We trust this gives you sufficient information to our End-to-End process.However, if any aspect is unclear, please feel free to contact any of the following members of our team.

Adam Liew – Head of Business Development

Email:

Mobile: 0404 923 248

Frank E Willenberg – Chief Risk Officer

Email:

Mobile: 0400 410284

Part 1 - Initial Application(skip to Part 2 if previously submitted)

Your Details
Name of Entity/Company
ABN
Business Address
Do you own or rent the above premises. Provide details (i.e. value, loan amount, monthly rent etc.)
Directors/Shareholding / (i) / Shareholding %:
(ii) / Shareholding %:
(iii) / Shareholding %:
Email / Tel / Mobile:
Your Business Profile
Type of Business/Industry / Manufacturing Wholesale Retail
Professional Services Property
Other please specify:
Date commenced (mth/yr)
Choose: / If a start up (<2 years in operation)
(i) Number of years’ experience of directors in the industry:
If an established business
(i) Number of years in operation:
In brief, tell us about your business
Website
Loan Details
Please use the Borrower Loan Repayment Calculator to calculate loan repayments for various loan amounts, term and interest rate. click here)
Loan Amount ($)
Purpose of your loan

• Reason/s you wish to borrow?

/ Refinance debt? Yes No
Working capital? Yes No
Target Interest Rate (12%-19%)
Term of Loan (number of months)
Repayments per month ($)
Can your business afford the new monthly repayments? / Yes No
If No, how do you propose to meet this new repayment commitment? / (complete Your Projection on page 2)
Date you require the funds
Background of all directors:

• Tell us about your business experience
• What skills do you bring?
• Other relevant information

How much money have the directors/shareholders invested in the business to date? ($)
Your Business Financials
FY 2014 / FY 2015 / Your Projection 2016
Sales/Turnover
Interest Paid
Gross Profit
Earnings before interest, depreciation and tax
Net Profit after tax
Balance Sheet
Total Assets
Total Liabilities
Total Borrowings (Bank & Other)
Directors Financials
Director # 1 / Director # 2 / Director # 3
Total Tangible Assets
Total Borrowings
Net Assets
Clear Credit History?
Outstanding ATO Debt ($)? / Yes No
If 'no' please provide details:
Part 2: Business information
Company Name:
Business Name (if applicable):
ABN:
Registered Address:
Parent Company (if subsidiary of another company):
Other Subsidiary Companies of the group:
Top 3 Customers:
(i)
(ii)
(iii) / % of Total Sales:
(i)
(ii)
(iii)
Top 3 Suppliers:
(i)
(ii)
(iii) / % of Total Purchases:
(i)
(ii)
(iii)
Part 3: Directors/Shareholders details / (for identification purposes)
Director (1) name:
Residential Address:
D.O.B:
Drivers Licence # & Expiry Date:
Director (2) name:
Residential Address:
D.O.B:
Drivers Licence # & Expiry Date:
Shareholder (1) name:
ABN (if a company shareholder):
% of Shareholding:
Residential Address:
D.O.B:
Drivers Licence # & Expiry Date:
Shareholder (2) name:
ABN (if a company shareholder):
% of Shareholding:
Residential Address:
D.O.B:
Drivers Licence # & Expiry Date:
Part 4: Details of the loan
Additional Information on Loan:
- How will the new funds be used to improve the sales and profitability of your business?
- If goods are being purchased, please describe including details of supplier
Directors Background:
- Tell us about your business experience.
- What led you to be involved with this business?
- Where do you see the future of this business?
- Any other relevant information? / Director (1):
Director (2):
Background Information on the Company/Business:
- When did the business start? Who by?
- What has changed over the years?
- How competitive is the business?
- Who does the company compete with?
- General industry background
- Do you have a Business Plan?
If yes, please attach
Part 5: Company Accountant & Lawyer details
Name of Accountancy Firm:
Address:
Accountant’s Name:
Accountant’s Email:
Business No:
Mobile No:
Name of Law Firm:
Address:
Lawyer’s Name:
Lawyer’s Email:
Business No:
Mobile No:
Part 6: Credit history – Company/Directors/Shareholders
Has the borrowing company entered into any External Administration (i.e. Liquidation, Receivership, Voluntary Administration) in the past 15 years?
Has any Director of borrowing company been bankrupt or entered into any statutory arrangements with creditors in the past 15 years?
Has the Shareholder company entered into any External Administration (i.e. Liquidation, Receivership, Voluntary Administration) in the past 15 years?
Has any individual Shareholder of borrowing company been bankrupt or entered into any statutory arrangements with creditors in the past 15 years?
Part 7: Banking information
Name of Bank:
Bank Manager / Relationship Manager:
Telephone No:
Mobile No:
Branch Address:
Length of Association:
Business Loans:
(i)
(ii)
(iii)
Trade Finance Limit:
Business Credit Card Limit:
Car Loans:
Part 8: Privacy disclosure statement and consent
We may disclose your information to other organisations to fulfill the purposes identified (or purposes related to those purposes) in this loan application.. The types of organisations we may disclose your information, include;
Lenders
Property Valuers
Credit reporting agencies, such as Veda Advantage, Dun & Bradstreet
Other mortgage intermediaries
Government organisations as required by law
Other organisations that assist us, such as, lawyers, debt collection agencies, and accountants.
Your appointed advisors, such as lawyers, accountant, real estate agent, or any other person/s acting on your behalf.
Unless you advise us otherwise, we may disclose your information to any person who is acting on your behalf, with your legal authority or who is purporting to act with your legal authority.
In addition we may disclose your personal information to any other organisation that you may wish to, or has acquired, an interest in your loan or in our business.
We may also contact various organisations that have information about you and your associated companies, so as to obtain the information we need to provide our services. The types of organisations we may contact to obtain such information from, include but not limited to:
Current and previous employers
Accountants
Lawyers or Conveyancers
Credit reporting agencies such as, Veda Advantage, Dun & Bradstreet
Or any other organisation that has information about you which we require to provide our services.
You authorise these organisations to release to us any information we may request. You appoint us as your agent to obtain a copy of your Commercial & Personal Credit Information Report for both of you as individuals and any companies, trusts, trading names, registered names or related entities of which you are either an owner, trustee or director. This authority only applies to enquiries made by us in connection with your application, or proposed application, for credit or you having sought advice relating to your existing credit.
You may gain access to the information we hold about you by contacting us at the above address. We will hold the information securely and may destroy our records in accordance with established industry document retention practices or as required by law.
You agree that we may collect and use your personal information as specified above.
Signed for and on behalf of xxx Pty Limited
By its Authorised Signatory
______
Authorised Signatory
______
Full name of Authorised Signatory
Date:
Director (1):
______
Print Name:
______
Signature
Date:
Director (2):
______
Print Name:
______
Signature
Date:
Appendix 1
Statement of Personal Assets & Liabilities
Director1:
ASSETS:
PROPERTY / VALUE / LOAN AMOUNT / MONTHLY PAYMENTS / DETAILS OF OWNERSHIP
Residential Owner Occupied
Residential Investment
Residential Investment
Owner-Occupied Commercial
Commercial Investment
Other Assets
Motor Vehicle
Motor Vehicle
Investments(Shares & Other)
Savings
Superannuation
Household Furniture (insured value)
Other
Total Assets
OTHER LIABILITIES:
LIMIT / CURRENT
BALANCE / MONTHLY PAYMENTS / DETAILS OF OWNERSHIP
Credit Card
Credit Card
Personal Loan
Personal Loan
Store Cards
Other
Total Liabilities
Net Assets
Statement of Personal Assets & Liabilities
Director 2:
ASSETS:
PROPERTY / VALUE / LOAN AMOUNT / MONTHLY PAYMENTS / DETAILS OF OWNERSHIP
Residential Owner Occupied
Residential Investment
Residential Investment
Owner-Occupied Commercial
Commercial Investment
Other Assets
Motor Vehicle
Motor Vehicle
Investments(Shares & Other)
Savings
Superannuation
Household Furniture (insured value)
Other
Total Assets
OTHER LIABILITIES:
LIMIT / CURRENT
BALANCE / MONTHLY PAYMENTS / DETAILS OF OWNERSHIP
Credit Card
Credit Card
Personal Loan
Personal Loan
Store Cards
Other
Total Liabilities
Net Assets
Declaration:
I/we hereby certify and confirm that all of the assets are held in my/our own right and do not form part of any Trust/Trustee arrangement. I/we hereby acknowledge that ThinCats Australia Pty Ltd will rely on this information in determining our suitability to enter into certain financial arrangements.
Director 1:
______
Print Name
______
Signature
Date:
Director 2:
______
Print Name
______
Signature
Date:

Appendix 2

Documentation Checklist

Please include the following documentation:

Completed Loan Application Form
100 points identification for all Directors
certified copy of (1) Passport – (2) Drivers Licence – (3) Credit Card – (4) Utility Bill
Each Director’s Asset & Liability Statement
Last 3 Years Financial Statements & Tax Returns for the Borrowing Company
YTD BAS (min 2 qtrs) Statements
YTD Management Accounts for the Business
Each Director’s Personal Tax Returns (last 2 years)
Last 6 months trading bank statements
CV’s for Management Team
Debtors & Creditors Aged Trial Balance
ATO Integrated Client Account Statement (last 6 months)
Key Person Insurance

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