SBA Application Kit For Loans Over 100,000

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SBA Application Kit forLoans Over 100,000

Key.The right resource for your SBA loan.Key is one of the largest multiline financial services companies in the UnitedStates, with assets of more than 85 billion. We offer complete consumer,retail, and commercial banking, as well as detailed financial planning andinsurance. Key is also one of the nation's largest providers of financial servicesfor small business. Our small business resources include a team of highlyskilled advisors, toll-free telephone support, and a broad range of flexiblecredit, investment, and cash management products.Work with a lender that is SBA Preferred.The U.S. Small Business Administration has recognized Key as one of the leadingsmall business lenders in the country. Our dedicated SBA sales and underwriting teamensures that each SBA loan is processed quickly and efficiently. As an SBA PreferredLender, Key is allowed to make certain loans without prior approval from the SBA.Preferred lending is a privilege extended to only a small number of banks in the UnitedStates. That means you won't get tangled in red tape at a time when you need a quickdecision.The right loan for your business.The SBA guarantees over 10 billion in small business loans each year. SBA loans aredesigned to meet the specific needs of small business owners. The SBA lending staff isfriendly and knowledgeable. SBA loans offer longer repayment terms and lower downpayment requirements.Easier to qualify.It may be easier to qualify for an SBA loan than you expect. The SBA will accept anapplication from your company if it is independently owned and operated, not dominantin its field, and it falls under the SBA's set maximum in sales or employment, whichvaries by industry. To qualify for a loan, the SBA also requires that your company meetthese criteria: The owner is of good character and has sound management skills.Its net worth is consistent with industry averages.Apply today.This folder includes all the materials you need for an easy loan application process,and we are here to help you at each step of the way. If you have any questions aboutthis process, contact your Relationship Manager.1

SBA Loan Application InstructionsFor Loans Over 100,000Key's SBA Loan Application is designed to help you get your loan as quickly and easily as possible. Please read thedetailed instructions below and complete each form as indicated. If you have any questions or concerns, contactyour Relationship Manager.There are two versions of the SBA Application Kit. One is for loans over 100,000 and the other is for loans of 100,000 andless. Make sure you are using the correct package. If you are requesting more than one SBA loan or you have an existing SBAloan, contact your Relationship Manager to determine which package to use.Please complete those that apply to you:TITLE OF THE FORMINFORMATION ABOUT THE FORMPAGE(S)Small BusinessCredit DisclosuresThe Applicant and each owner with 20% or more ownership and allguarantors must sign this form. If the Applicant is not an individual, aperson who has authority to bind the Applicant must sign on behalf ofthe Applicant as an “Authorized Signer”.4Project Cost WorksheetSelf-explanatory.5History of Business/Business Plan WorksheetSelf-explanatory.6-7Management ResumeEach manager, guarantor and owner is required to fill out this form. Ifan item on the form is not applicable, mark the section N/A. Makesure the entire form is completed.8-9Personal FinancialStatementsThe SBA requires that personal financial statements be provided byeach owner with 20% or more ownership and all guarantors. You mayuse a Key form, or an SBA form. Spouses are required to have theirinformation included on the form and they must sign and date theform, even if they are not providing a guaranty on the loan. Submitthese forms with original signatures and dates. Do not send copies.10 - 12Business DebtScheduleThis form should be completed for all existing businesses. Provideinformation for all business installment debts, notes and mortgagespayable.13Business FinancialProjectionsA month-to-month cash-flow projection is required for the first yearwhere the company does not show repayment ability from pastoperations. The details must be described either in an assumptionpage or in the business plan. The projection must be signed anddated by the principal(s) of the applicant.14Statement ofPersonal History,SBA Form 912This form must be completely filled out, even if the information isprovided elsewhere in the package. The space in the upper rightcorner gives instructions on how to complete the form.15If you answer "yes" to questions 6, 7 or 8, immediately contact yourRelationship Manager for instructions on how to proceed.2

SBA Application Checklist for Loans over 100,000Complete the following forms included in this package:KeyBank Small Business Credit DisclosuresBusiness Debt ScheduleProject Cost WorksheetBusiness Financial ProjectionsHistory of Business/Business Plan PageStatement of Personal History (SBA Form 912)Management ResumeKeyBank Personal Financial Statement:All owners of 20% or more of the business must provide this information. If any owner is married, a "joint household"statement is required, even if a spouse is not an owner or proposed loan guarantor.Please attach the following information, as indicated:ALL REQUESTS:Personal, Federal Tax Returns (last 3 years) - (signed & dated) for individuals owning 20% or more of the businessCopies of Articles of Incorporation and By Laws, or Articles of Organization and Operating Agreement, or FiledPartnership Agreement, as well as, corresponding Tax I.D. Number, Employee Identification Number and verificationof state filed Trade NameFor any other affiliate company owned at least 20% by an owner of applicant business, please provide Business TaxReturns and Business Debt Schedule for the last 3 years and Interim Financial Statements (signed and dated)REQUESTS FROM EXISTING BUSINESS:Balance Sheet and Income Statement for the last 3 consecutive years (signed & dated)Business Tax Returns for the last 3 consecutive years (signed & dated)Interim Business Balance Sheet and Income Statement - within 60 days (signed & dated)Interim (same date as interim statements) Accounts Receivable & Payable Aging Reports - (signed & dated)PURCHASE OF AN EXISTING BUSINESS:Copy of Signed & Dated Purchase AgreementBalance Sheets and Income Statements for last 3 years & interim period (signed & dated)Monthly Income Statement Projection for the first year, with supporting assumptions (signed & dated)Written statement from the seller giving a reason for the sale of the business.Business Tax Return for the last 3 consecutive years (signed & dated)Interim Business Balance Sheet and Income Statement within 60 days (signed & dated)PURCHASE OF, OR CURRENTLY OPERATE A FRANCHISE BUSINESS:Copies of: 1. Franchise Agreement, 2. Franchise Offering Circular, and 3. Federal Trade Commission (FTC)Franchise Disclosure StatementSTART UP OR EXPANSION OF A NEW BUSINESS:Monthly Income Statement Projection for the first year, with supporting assumptions (signed & dated)Opening Day, Projected Business Balance Sheet (Start-up Business only)Business PlanEQUIPMENT/FIXED ASSETS TO BE USED FOR COLLATERALList of Prices/Verification of Any New Equipment to Be Purchased with Loan ProceedsItemized Listing of any Existing Business Assets/Equipment with make, model, and serial number where applicablefor all assets valued over 500COMMERCIAL REAL ESTATE PROPERTY TO BE USED AS COLLATERALIf New Construction, Copies of: 1. Contractor's Agreement, 2. Plans and 3. Building SpecsREAL ESTATE PURCHASESReal Estate Purchase ContractEarnest Money Agreement / Escrow Agreement, if available3

Small Business Credit DisclosuresIf the collateral used to secure a loan is Commercial Real Estate, please attach a legal description. If the collateral includes a dwelling, youhave the right to a copy of the appraisal report used in connection with your application for credit, if any. If you would like a copy, please call 1888-Key4Biz, no later than 90 days after we notify you about the action taken on your credit application. There is no time limit in Michigan,New Hampshire or New York.For Ohio Residents: THE OHIO LAWS AGAINST DISCRIMINATION REQUIRE THAT ALL CREDITORS MAKE CREDIT EQUALLYAVAILABLE TO ALL CREDIT WORTHY CUSTOMERS, AND THAT CREDIT REPORTING AGENCIES MAINTAIN SEPARATE CREDITHISTORIES ON EACH INDIVIDUAL UPON REQUEST. THE OHIO CIVIL RIGHTS COMMISSION ADMINISTERS COMPLIANCE WITHTHIS LAW.For New York and Maine Residents: KEY BANK MAY REQUEST A CONSUMER CREDIT REPORT IN CONNECTION WITH THISAPPLICATION OR IN CONNECTION WITH UPDATES, RENEWALS OR EXTENSIONS OF ANY CREDIT GRANTED AS A RESULT OFTHIS APPLICATION. UPON YOUR REQUEST, YOU WILL BE INFORMED WHETHER OR NOT A CONSUMER CREDIT REPORT WASREQUESTED AND, IF SO, THE NAME AND ADDRESS OF THE AGENCY THAT FURNISHED THE REPORT.For New York Residents: IF YOUR LOAN IS SECURED BY REAL PROPERTY AND YOU PAY THE COST OF AN APPRAISAL OR ACONSUMER REPORT, THE BANK SHALL PROVIDE TO YOU, UPON YOUR WRITTEN REQUEST, A COPY OF SAID APPRAISAL ORCONSUMER REPORT, AT NO ADDITIONAL COST.For Vermont Residents: BY SIGNING BELOW YOU CONSENT TO KEYBANK OBTAINING AND VERIFYING INFORMATION ABOUT YOU(WHICH MAY INCLUDE A CONSUMER CREDIT REPORT) THAT WE DEEM NECESSARY IN EVALUATING YOUR LOAN APPLICATION,INCLUDING INFORMATION ABOUT YOUR EMPLOYMENT, BANKING, AND CREDIT RELATIONSHIPS. IF YOUR APPLICATION ISAPPROVED AND THE LOAN IS MADE, YOU ALSO AUTHORIZE US TO OBTAIN ADDITIONAL CREDIT REPORTS OR OTHERINFORMATION ABOUT YOU IN CONNECTION WITH REVIEWING THE ACCOUNT, INCREASING THE CREDIT LINE ON THEACCOUNT, FOR THE PURPOSE OF TAKING COLLECTION ACTION ON THE ACCOUNT, OR FOR OTHER LEGITIMATE PURPOSESASSOCIATED WITH THE ACCOUNT.EACH OF THE UNDERSIGNED AUTHORIZE KEYBANK NATIONAL ASSOCIATION AND ITS EMPLOYEES OR REPRESENTATIVES(“KEYBANK”), AND ANY CREDIT REPORTING AGENCY OR OTHER INVESTIGATIVE AGENCY USED BY KEYBANK, TO OBTAINCREDIT REPORTS, INCLUDING CONSUMER CREDIT REPORTS, ON APPLICANT AND EACH OF THE UNDERSIGNED, TOINVESTIGATE AND VERIFY THE INFORMATION PROVIDED IN THIS APPLICATION WITH CREDIT REPORTING AGENCIES ANDOTHERS AT ANY TIME, AND TO OBTAIN ADDITIONAL CREDIT REPORTS WITHOUT FIRST NOTIFYING OR OBTAINING CONSENTOF THE UNDERSIGNED. IN CONNECTION WITH ANY CREDIT EXTENDED HEREUNDER, KEYBANK MAY REPORT INFORMATIONABOUT CREDIT EXTENDED HEREUNDER TO CREDIT BUREAUS OR OTHER INVESTIGATIVE AGENCIES USED BY KEYBANK. LATEPAYMENTS, MISSED PAYMENTS, OR OTHER DEFAULTS ON CREDIT EXTENDED HEREUNDER MAY BE REFLECTED IN YOURCREDIT REPORT OR OTHER INVESTIGATIVE AGENCY REPORT.Sharing of Personal Information In Connection with a Business Transaction: Key may collect personal information from individuals inconnection with business transactions (e.g., information collected on principals, guarantors, etc.). The information that we collectand other information we may maintain on you may be shared to simplify transaction flows, to further the underwriting process, tosupport the business transaction, to allow us to match our products and services to your specific needs and for other purposes thatare allowed by law. Individuals on whom we collect information can limit certain information Key may share within the KeyCorpfamily of companies. If you would like to restrict the information Key may share, you can Opt Out of information sharing by callingour toll-free Business Privacy Line 1-800-394-9316. This election will apply both to the personal information we maintain inconnection with your business transactions, as well as the information we maintain in connection with any personal (non-business)accounts you have with Key. If you have already elected to opt out of information sharing within the KeyCorp family of companies,your election will apply to any new accounts (business and/or personal) you open and will remain in effect unless you choose tochange your election. If applicable state law prohibits us from sharing information, there is no need to make an opt out request, youwill be automatically opted out of information sharing to the extent of the law.Print Applicant’s Name:Applicant’s Signature (if signing as Authorized Signer, please include title)Print Business Owner/Guarantor’s NameBusiness Owner/Guarantor’s SignaturePrint Business Owner/Guarantor’s NameBusiness Owner/Guarantor’s SignatureDate:If you are applying for a joint account or an account that you and another person will use, complete all sections, providinginformation about both joint applicants or users.We intend to apply for joint creditapplicantco-applicant4

Project Cost WorksheetUses of FundsLand/Building PurchaseBuilding Renovations/New ConstructionEquipment PurchaseLeaseholdsWorking CapitalInventoryAcquisition of Existing BusinessPayOff/ Refinance Existing Business Debt PayOff/ Refinance Existing SBA LoanSoft Costs (SBA Guaranty & Closing Fees)Other: Total Project Cost: 0.00Sources of FundsBorrower's Equity Contribution*KeyBank/SBA Loan RequestedOther Government Loan AssistanceOther: Total Project Funding: 0.00*Source of Equity Contribution:Please describe:Print Applicant’s Name:Applicant’s Signature (if signing as Authorized Signer, please include title)Date:5

History of Business/Business Plan WorksheetBackground and history of company:Nature of business, type of products/services:List key/primary customers:List or identify major competitors:(History of Business/Business Plan Worksheet continued on next page)6

History of Business/Business Plan Worksheet (cont.)Future expansion plans:Do you plan to expand the business?Yes, immediate plansYes, in the futureNoIf yes, provide details:How will this loan benefit your business?Will the loan result in your business hiring additional employees?Yes, immediate plans.Yes, in the future.# of new employees# of new employeesNoIf yes, provide details:Print Applicant’s Name:Applicant’s Signature (if signing as Authorized Signer, please include title)Date:7

Management ResumeAll owners, partners and stockholders with 20% or more ownership and any key managers should complete this form. Pleasefill in all spaces. Use first, middle, maiden and last names. Please indicate if an item is not applicable. (Copy this page asneeded for all parties)Personal Information:NameDate of BirthSocial Security NumberPlace of Birth--Telephone #:Residence Address:Education:COLLEGE/TECHNICAL TRAINING(NAME AND ary Service Background:Branch of serviceHonorable Discharge?Dates of serviceGradeRank at DischargeWork Experience: (List chronologically beginning with present employment)Have you ever been employed by the US Government?Company name pany name andlocationFromDutiesCompany name andlocationFromDuties(See next page for SBA Eligibility Questions)8

SBA Eligibility Questions: Have you or any members of your company ever been involved in bankruptcy or insolvency proceedings?If yes, please furnish details in separate exhibit.YesNo Are you or your businesses involved in any pending lawsuits?If yes, please furnish details in separate exhibit.YesNo Have you ever been disbarred from doing business with the U.S. Government? Are all your business and personal taxes current?YesYesNoNo Do you or your spouse or any member of your household, or anyone who owns, manages or directs your business, or theirspouses or members of their households, work for the Small Business Administration, Small Business Advisory Council,SCORE, ACE, or a federal agency, or KeyBank?If yes, please furnish details in separate exhibit.YesNo Do you buy from, sell to, or use the services of any company in which someone in your company has a significant financialinterest?If yes, please furnish details in separate exhibit.YesNo Does your business currently engage in export trade?YesNo Do you plan to begin exporting as a result of this loan?YesNoPrint Applicant’s Name:Applicant’s Signature (if signing as Authorized Signer, please include title)Date:9

Personal Financial StatementSmall Business LoansFinancial Statement as of. In compliance with SBA requirements, this statement should reflect the financial condition of your spouse as well as your own financial condition.IMPORTANT INFORMATION ABOUT PROCEDURES FOR OPENING ACCOUNTS AT KEYTo help the government fight the funding of terrorism and money laundering activities, Federal law requires us to obtain, verify, and record information that identifies each customer who opens anaccount whether you are a new or existing customer. When you open an account with any entity within the KeyCorp family of companies, we require the following information for both the businessand the individual associated with the business: name, address, identification number, and in the case of an individual, his or her date of birth. In all cases, Key is committed to protecting theprivacy and identity of each of its customers.Applicant's Name (please print)Date of Birth/Co-Applicant (includes applicant's spouse)Date of Birth//Residence Address/This statement may be completed jointly by both applicants if their assets andliabilities are sufficiently joined so that the statement can be meaningfullypresented on a combined basis, otherwise separate statements are required.Relationship to ApplicantResidence AddressUS Citizen?YesNoID TypeID NumberEmployed ByUS Citizen?No. of DependentsHow Long ThereType of BusinessPositionIncome you may receive from alimony, child support ormaintenance payments need not be revealed if you do notchoose to rely upon it for the basis of repayments.Fixed or Average SalaryIncome you may receive from alimony, child support ormaintenance payments need not be revealed if you donot choose to rely upon it for the basis of repayments.Fixed or Average SalarySource — Rentals, Dividends. Etc.Amount of Other IncomeAmount of Other IncomeID NumberBusiness AddressPositionPerID TypeTelephone No.Type of Business NoEmployed ByNo. of DependentsBusiness AddressYes Telephone No.PerHow Long ThereSource — Rentals, Dividends. Etc. Name of Bank Where You DepositBranchAssetsSavingsIn Even DollarsCash on Hand and in BanksLiabilitiesCheckingIn Even Dollars 0.00 Notes Payable to Banks(Schedule D) 0.00Marketable Securities(Schedule A) 0.00 Notes Payable to Others(Schedule D) 0.00Non-Marketable Securities(Schedule B) 0.00 Accounts Payable(Schedule E) 0.00 0.00 Real Estate Mortgages(Schedule F)Retirement AccountsRestricted or Control Stock 0.00(Schedule B) 0.00 Due to Brokers 0.00 0.00 Unpaid Income Tax 0.00Real Estate(Schedule F) 0.00 Credit Cards (outstanding balance) 0.00Notes Receivable(Schedule G) 0.00 Other Liabilities (itemize) 0.00Accounts Receivable(Schedule G) 0.00 0.00Cash Value - Life Insurance(Schedule C) 0.00 0.00 0.00 0.00 0.00 0.00Securities Held by Brokers in Margin AccountsAutomobilesHousehold Goods 0.00Jewelry 0.00 0.00Assets Held in Trust 0.00 Total Liabilities 0.00Other Assets (itemize) 0.00 Net Worth 0.00Total Assets 0.00 Total Liabilities and Net Worth 0.00(See Schedule H for Contingent Liabilities) 0.00Details Relative to Assets and Liabilities (if space is insufficient, attach supplemental list)(A) Marketable Securities - List(B) Non-Marketable Securities - List(including Restricted or Control Stock)Title in Name ofPref. OrCommonNo. ofSharesMarket ValueSharesPledgedWhere PledgedTitle in Name ofSharesOwnedSharesIssuedBook orOther ValueSharesPledgedWhere PledgedFORM NO. EF-55-7412X-SBA10

(C) Life Insurance CompanyFaceAmountOwnerKind ofInsuranceBeneficiary(D) Notes Payable – ToAmountDate MadeDate Due(E) Accounts Payable - ToAmountDate MadeDate DueRepaymentScheduleAmount ofPolicyCash ValueSecured or Endorsed ByFor WhatREAL ESTATE(F) Real Estate - DescriptionLocationCurrentValue of Real EstateTitle in Whose Name1.2.3.4.Date AcquiredOriginalCost1st MortgageBalance2nd MortgageBalance1st

There are two versions of the SBA Application Kit. One is for loans over 100,000 and the other is for loans of 100,000 and less. Make sure you are using the correct package. If you are requesting more than one SBA loan or you have an existing SBA loan, contact you

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