Stark Capital
Loan Application Checklist
Outdoor Advertising
q Signed and dated personal financial statement for owners – current within 3 months (Template is attached for your convenience.)
q Three years business tax returns – assuming business is at least three years old (In other words, if the company is younger, provide what you can.)
q Most recent interim statement for business
q List of Current Business Loans (amounts outstanding, payment amount and collateral)
q Three years personal tax returns
q Resume – or brief bios for owners
q Disclosure and explanation of any derogatory personal or business credit accounts – slow pay, tax liens, bankruptcy, collection accounts, etc.
q Summary of existing locations – number of faces, number of sites, existing contract revenue, potential revenue, land lease expenses, land lease term, cost of illumination, etc.
q Ownership breakdown of company (%)
q Summary of financing request – loan amount, desired term (length of loan), number of locations to be acquired/built/refinanced, projected revenue of new sites, land lease expense, expected illumination costs, length of land lease
q Summary of any other significant private business holdings
q General data – business start date, brief history, type of structures owned, projections (if available), existing coverage area (general), number of sites illuminated, etc.
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