Tuesday, June 10, 2008

Below are some basic docments needed for a loan application.

1. Company Profile -include the executive summary and activities of the company, potential and existing market and potential market.

2. M & A

3. Statutory documents- form 9, 49, 24 and 32A and others if any.

4. All relevant licenses (from government and others party like from Original producers)

5. Projected cashflow (5 years)

6. Latest 3 years audited report.

7. Latest Management Account.

8. Latest 6 months Bank Statement.

9. Copy of Contract/ tender/ orders/ from ( government or non government) if any

10. Summary of project to be finance

11. Collateral (landed property or time deposit, FD)

12. Amount of loan Needed and its breakdown of utilisation.

13.. Please make sure to service all monthly installment with the bank ( if any)either personal (director and shareholder) or company loan, not more then 2 month.

Please make sure that the company directors and share holders are not brancruptcy and all their personal and company debt are well manage (at least not more than 2 months)

For your acknowledgement, the above is only the basic and initial documents for us to obtain in order to pre process it before we submitt to the bank. LATER PART, WHEN WE SUBMITT TO THE BANK, NORMALY THERE WILL BE EXTRA AND DETAIL DOCUMENTS NEEDED WHEN THE PROCESS IS ON GOING -BANK PROCESSNG PROCEDURES.

Thank You,

Sincerely yours.

KHAIRUL SALLEH HASAN.

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