Scribd Logo
Upload

Welcome to Scribd!

  • Application For Facility (00b)

    Uploaded by

    melumweemba
    1 views1 page
    This document provides a checklist of documentation required by a bank for a credit assessment and financing application. The checklist includes 9 items that must be submitted: [1] an application letter requesting funding, [2] board resolution to borrow, and [3] various financial documents including audited statements, management accounts, cash flows, and account statements. Additionally, the checklist requires [4] copies of business contracts, [5] a company profile, [6] collateral/security documents, [7] statutory documents, and [8] a personal statement of assets and liabilities for guarantors. The checklist was issued by an assistant and provides spaces to mark whether each item is required, submitted, and the date submitted.

    Original Description:

    Original Title

    Application for Facility (00b) (002)

    Copyright

    © © All Rights Reserved

    Available Formats

    DOC, PDF, TXT or read online from Scribd

    Did you find this document useful?

    Is this content inappropriate?

    Report this Document
    This document provides a checklist of documentation required by a bank for a credit assessment and financing application. The checklist includes 9 items that must be submitted: [1] an application letter requesting funding, [2] board resolution to borrow, and [3] various financial documents including audited statements, management accounts, cash flows, and account statements. Additionally, the checklist requires [4] copies of business contracts, [5] a company profile, [6] collateral/security documents, [7] statutory documents, and [8] a personal statement of assets and liabilities for guarantors. The checklist was issued by an assistant and provides spaces to mark whether each item is required, submitted, and the date submitted.

    Copyright:

    © All Rights Reserved
    Download as DOC, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as doc, pdf, or txt
    1 views1 page

    Application For Facility (00b)

    Uploaded by

    melumweemba
    This document provides a checklist of documentation required by a bank for a credit assessment and financing application. The checklist includes 9 items that must be submitted: [1] an application letter requesting funding, [2] board resolution to borrow, and [3] various financial documents including audited statements, management accounts, cash flows, and account statements. Additionally, the checklist requires [4] copies of business contracts, [5] a company profile, [6] collateral/security documents, [7] statutory documents, and [8] a personal statement of assets and liabilities for guarantors. The checklist was issued by an assistant and provides spaces to mark whether each item is required, submitted, and the date submitted.

    Copyright:

    © All Rights Reserved
    Download as DOC, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as doc, pdf, or txt
    of 1

    CHECK LIST FOR SUBMISSION OF APPLICATION FOR FINANCING (AFF)

    The following is a guide for documentation required by the Bank for credit assessment purposes

    # Description Required Submitted Date


    (Yes/No) (Yes/No Submitted
    1 Application Letter from company requesting funding facility from Stanbic
    Bank addressing details of facilities required e.g. Amount, Breakdown,
    Purpose, Repayment Source etc
    2 Board Resolution stating company’s intention to borrow from Stanbic
    Bank
    3 Financial Information:-
    3.1. Latest Audited Financial Statements-preferably three years
    running
    3.2. Latest Management Accounts (Not more than 3 months old)
    3.3. Current Debtors Aged List
    3.4. Current Creditors Aged List
    3.5. Cash flow forecast for next twelve months.
    In the case of term facilities, cash flows covering the period of the
    loan up to three years should be called for with reasonable
    assumptions of inflows and outflows.
    3.6. Six (6) to twelve (12) months account statements plus accounts
    stats derived from the statements
    3.7. Budget Projections (Balance Sheet / P&L.)
    3.8. Details of any capital expenditure plans for the next 12 months and
    source of funding.
    4 Copies of Business Contracts held

    5 A brief company profile detailing:-


    -Line of Business;
    -Board of Directors and the key Management team and Senior
    Executives of the company;
    -Details of related companies;
    -Copy of your Strategic Plan covering Market Risk, Competitive Risk,
    Growth Strategy etc;
    6 Collateral/Security:-
    6.1. Copy(ies) of Certificate Of Title / Vehicle Registration Books (VAF)
    6.2. Valuation Report(s) / Quotation (VAF)
    7 Statutory Documents:-
    7.1. Company Memorandum/ Articles of Association
    7.2. Certificate of Registration
    7.3. Certificate of Share Capital
    7.4. Tax status report/tax clearance certificate
    7.5. Latest Annual Returns
    8 Latest Personal Statement of Assets & Liabilities (PSAL) of
    guarantors and individual borrowers
    9 Supplier quotation

    Checklist Issued By :

    Date issued :

    You might also like