pmc application- may08

8/14/2019 PMC Application- MAY08

1/17


2/17

PMC Commercial Trust17950 Preston Road, Suite 600 PHONE: 972-349-3200 3200

Dallas, TX 75252 FAX: 972-349-3265 3265

Business/Property NamePhysical Address

APPLICATION PACKETCONSTRUCTION

APPLICATION CHECKLIST

PMC's Credit application, signed and dated

Resume- use the one provided or attach a separate oneLast 3 years personal Tax Returns (TR's) or an extension for most current year if past April 15thIncluding copies of W-2'sBank or brokerage statements to match the Personal Financial statement liquid assetsCopy of driver's licenseCopy of Alien Registration card, front and back

Please also mail originals (including signed personal financial statements) of any application materials

For the business/property, please provide the following:

Business plan to include project cost breakdown & break down of down payment & its source.

(may use the optional form located on the final page for the breakdown)

Please submit copies of all bids and contracts on the following:LandBuildingEquipment (FF&E)Copy of Tax AppraisalCopy of appraisal, if availableCopy of ESA, if availableHow much land does it include?How many square feet will the building be?How many square feet will the business occupy?If you already own the property:

When did you purchase it?

What was the purchase price?Any major improvements ?Description

Pictures of the property, inside and out, and the surrounding area

Loan Fees/Guaranty Fee $Appraisal $Phase I $Title Insurance $

Attorney Fees $Interest Expense $Architect/Engineering $Monitoring Fee $Bonds $Permits $Utility Tape Fee/Impact Fee $Survey $Contingency $Franchise Fee $Inventory $Working Capital $

Total Closing Cost/Working Capital $

www.pmctrust.com

For all partners, owners, or guarantors, please provide the following:

PMC's Original Personal Financial Statement (PFS), signed and dated

that are faxed and retain copies, as we will be unable to return documents once submitted.

SOFT COSTCONSTRUCTION BUDGET
http://www.pmctrust.com/http://www.pmctrust.com/


3/17

PMC Commercial Trust17950 Preston Road, Suite 600 PHONE: 972-349-3200

Dallas, TX 75252 FAX: 972-349-3265

Business/Property NamePhysical Address

APPLICATION PACKETREFINANCE

APPLICATION CHECKLIST


Resume- use the one provided or attach a separate oneLast 3 years personal Tax Returns (TR's) or an extension for most current year if past April 15thIncluding copies of W-2'sBank or brokerage statements to match the Personal Financial statement liquid assetsCopy of driver's licenseCopy of Alien Registration card, front and back

Please also mail originals (including signed personal financial statements) of any application materials

For the business/property please include the following:

Project cost breakdown. (may use the optional form located on the final page for this information)

Breakdown of downpayment source, if any.

Copy of all Notes

Last 3 years tax returns for the subject propertyIf tax returns are not available, provide 3 years financial statements. Tax returns are not available because

Year-to-date financial statements within 90 days with comparable period (at least sales) for prior year.

Completed questionnaire (form attached)If the project includes renovations or other improvements please provide a budget with corresponding copies

of all bids and/or contracts

Please attach any leases pertinent to location, equipment, furniture, etc.

Complete the box for all debt and check the one(s) to be refinanced.

To Whom Payable Security

If the collateral includes real estate please provide/complete the following:

Tax appraisalCopy of old appraisal, if available

Copy of ESA, if available

When was the building built?

How much land does it include?How many square feet is in the building?

How many square feet does the business occupy?

When did you purchase the property?

What did you pay for the property?

Any major improvements?

Description of improvements made

Pictures of the property, inside and out, and the surrounding area.

If this is an SBA application complete the following:

Please list the history of business and benefits of the loan (or attach details)

What county is the project located in?

Number of current employees

Number of employees anticipated after the loanPrevious SBA or Government debt for this business or any business owned by the principals

of the applicant or any personal loans such as FHA, VA, Student loans, SBA or B&I:

Name of Agency Current Balance Current or Past Due

www.pmctrust.com



that are faxed and retain copies, as we will be unable to return documents once submitted.

OriginalAmount

OriginalDate

PresentBalance

Rate ofInterest

MaturityDate

MonthlyPayment

Current orPast Due

Original Amount ofDebt

Date ofRequest

Approved orDeclined


4/17

PMC Commercial Trust17950 Preston Road, Suite 600 PHONE: 972-349-3200

Dallas, TX 75252 FAX: 972-349-3265

Business/Property Name

Physical Address

APPLICATION PACKET


Resume- use the one provided or attach a separate one

Last 3 years personal Tax Returns (TR's) or an extension for most current year if past April 15th

including copies of W-2's

Bank or brokerage statements to match the Personal Financial statement liquid assets

Copy of driver's license

Copy of Alien Registration card, front and back

For the business/property, please provide the following:

Project cost breakdown (may use the optional form located on the final page for this information)

Breakdown of downpayment source (if any)

Business plan with 3 years' of projections

Projects should include line by assumptions

Personal cash flow (form attached)

Please attach any leases pertinent to location, equipment, furniture, etc.

What county is the project located in?

Number of current employees

Number of employees anticipated after the loan

Previous SBA or Government debt for this business or any business owned by the principals

of the applicant or any personal loans such as FHA, VA, Student loans, SBA or B&I:

Name of Agency Current Balance

If you have construction, renovations, or leasehold improvements please provide copies of bids

and contracts on:

Land

Building

Equipment (FF&E)

Renovations

Leasehold Improvements

If the collateral includes real estate please provide/complete the following:

Tax appraisal

Copy of old appraisal, if available

Copy of ESA, if available

When was the building built?How much land does it include?

How many square feet is in the building?

How many square feet does the business occupy?

If you already own the property:

When did you purchase the property?

What did you pay for the property? $

Any major improvements? $

Description of improvements made

Pictures of the property, inside and out, and the surrounding area.

www.pmctrust.com

STARTUPAPPLICATION CHECKLIST



Original Amountof Debt

Date ofRequest

Approved orDeclined

Current orPast Due


5/17

CREDIT APPLICATION

me: Social Security#:

First Middle LastDL#/State

Home Address Yrs. At Home Phone

City/State/Zip Birth Date

Cell Phone Fax Email

Previous Address for

City/State/Zip *Race

US Citizen Yes No If not, Alien Registration # *Place of Birth

Employed by for Yrs. Position

City/State/Zip Employment Phone

Salary Gross: $

Marital Status: Married Unmarried Separated Divorced Number of Children

Spouse's Name Social Security #

First Middle Last Birth Date

US Citizen Yes No If not, Alien Registration # *Place of Birth

Spouses Employer Position for

Gross Salary $ *Race DL#/State

Are you obligated to make Alimony, Child Support:

Are you an existing PMC customer?: (yes) (no) If yes, please note project name:

location: loan number:

Are you a previous PMC customer?: (yes) (no) If yes, please note project name:

location: loan number:

GENERAL INFORMATION

CIRC

Are you or your spouse presently under indictment, on parole or probation? Y

Have you or your spouse ever been arrested, charged, or convicted of any criminal offense other than a minor motor vehicle violation? YAre you a partner, stockholder or officer in any other business venture? YAre you, your spouse or any officer of this business ever been defendant in any legal actions, suits, or bankruptcy? YIs there any company where you have been a director, a principal owner or an officer which has been involved in a bankruptcy, or foreclosure? YHave you ever had any property posted for foreclosure or surrendered to the mortgage holder in lieu of foreclosure? YAre you now or have you ever been past due on any taxes? YIf you have a will, please provide the name of the executor.

*Military History Branch _________________________________________________ Dates Served __________________________________

Applicant represents and certifies the foregoing information and that contained in attached schedules, if any, to be true, correct, and complete and that said

information is submitted to induce the addressee to advance funds to the applicant. Applicant authorizes PMC and/or subsidiaries and affiliates to obtain

a consumer report which may include a criminal background check and other investigations that they deem necessary.

I give permission to PMC Commercial Trust and/or any of its subsidiaries and affiliates to obtain and check my credit history/background. A copy of this fo

shall be construed as the same as an original signature.

Applicant X Date

Spouse X Date

*Note: This information is collected for statistical purposes only and is necessary to document SBA fair-lending practices. It has no bearing on the credit de

to approve or decline this application, but must be completely provided on the loan forms as indicated.

If you answerYES to any of the following please attach an explanation


6/17

PERSONAL FINANCIAL STATEMENT

(CONFIDENTIAL)

Name: Spouse:

Home Address City/State/Zip

To:

ALL BLANKS SHOULD BE COMPLETED (either w/information or "N/A") Revised 7/11/08

ASSETS LIABILITIES & NET WORTH

1. Cash on hand in banks (see schedule 1)

14. Automobile Loans (see schedule 1)

3. IRA's & 401K's (see schedule 3)

4. Notes Receivable - (See schedule 7) 16. Credit Cards

5. Cash Surrender Value Only- Life insurance 17. Heloc

6. Real Estate in Own Name (see schedule 5)

19. Income Taxes Due

8. Automobiles 20. Other Liabilities - Itemize

10. Other Businesses w/o Real Estate

21. Total Liabilities

11. Other

SOURCES OF ANNUAL INCOME SIGNATURES

Salary- yours

Salary- spouse

Commissions and bonuses

Dividends

Real Estate Income

Other Income - Itemize

Date

TOTAL ANNUAL INCOME

(Complete Schedules on Reverse Side) Date

PMC Commercial Trust

and its Subsidiaries,affiliates and/or assigns

The following is submitted for the purpose of procuring, establishing and maintaining credit with you in behalfof the undersigned or persons, firms or corporations in whose behalf the undersigned may either severally orjointly with others execute a guaranty in your favor. The undersigned warrants that this financial statement is

true and correct and that you may consider this statement as continuing to be true and correct until a writtennotice of a change is given to you by the undersigned.

13. Notes Payable, Banks, Unsecured(see schedule 1)

2. Marketable & Govt. Securities(see schedule 2)

15. Loans Against Life Insurance(see schedule 4)

18. Real Estate Mortgages Payable(see

schedule 57. Partial Interest in Real Estate - Net EquityValues (see schedule 6)

9. Furniture and Personal Property(if > $30,000 provide detail)

22. Net WorthTotal Assets less Total Liabilities (12-

20

12. TOTAL ASSETS (1-11)23. Total Liabilities and Net Worth (same as12)

INCOME FROM ALIMONY, SEPARATE MAINTENANCE OR CHILD SUPPORT NEEDNOT BE REVEALED IF YOU DO NOT CHOOSE TO RELY ON IT IN CONNECTION

WITH THIS FINANCIAL STATEMENT I authorize SBA/Lender to make inquiries as necessary to verify the accuracy of thestatements made and to determine my creditworthiness. I certify the above and the

statements contained in the attachments are true and accurate as of the stated date(s). Thesestatements are made for the purpose of either obtaining a loan or guaranteeing a loan. I

understand FALSE statements may result in forfeiture of benefits and possible prosecutionby the U.S. Attorney General (Reference 18 U.S.C. 1001).

(Applicant) X

(Spouse)X


7/17

SUPPLEMENTAL SCHEDULES

SCHEDULE 1 - BANKING RELATIONSHIPS

Name of Bank Location/Acct# Checking Balances Savings Balances Terms o

Total of Checking (+) Savings (Line 1 on PFS) $

SCHEDULE 2 - SECURITIES (GOVT. AND MARKETABLE)

Description Cost Source of Valuation Registered in Name

Total Market Value (Line 2 on PFS) $

SCHEDULE 3 - IRA's / 401K's

Description Total Value

Total IRA/401K (Line 3 on PFS) $

Face Value Owner of Policy Name of Beneficiary

Total Cash Surrender Value (Line 5 on PFS) $

Total Policy Loans (Line 15 on PFS) $

SCHEDULE 5 - REAL ESTATE IN OWN NAME

Date Acquired Mortgage Balance Rate Term

Total Market Value (Line 6 on PFS) $

Total Mortgage Balance (Line 18 on PFS) $

SCHEDULE 6 - PARTIAL INTERESTS IN REAL ESTATE - NET EQUITY VALUES

Property Description Total Cost Date Acquired Rate

LoanBalance

No. Shares of FaceValue

MarketValue

SCHEDULE 4 - LIFE INSURANCE COVERAGE

Insurance

Company

Total CashSurrender Value

PolicyL

Description IncludingLocation or Address

Cost ofImprovements

OriginalCost

MarketValue

ARM/Balloon

Business Name&

Address

% of Ownership

C

Market ValueA

Mortgage BalanceB


8/17

RESUME

Name:

First Middle Last

Home Address:Street Address City State Zip

EDUCATION

High School Grade Completed

College or Technical Training. Name and Location Dates Attended From/To Major, Degree or Certificat

WORK EXPERIENCE

to Present:Month/Year

Company Name

Address:Job Title:

Job Description:

to :

Month/Year

Company Name

Address:

Job Title:

Job Description:

to :

Month/Year

Company NameAddress:

Job Title:

Job Description:

to :

Month/Year

Company Name

Address:

Job Title:

Job Description:

to :

Month/Year

Company Name

Address:

Job Title:

Job Description:


9/17

AFFILIATE FORM

Please make copies if there are more than two businesses in which you are affiliated.

For any other business that you own or partially own, please provide the following information on eachbusiness*

AFFILIATE # 1 AFFILIATE # 2

1 Corporate Name (if any)

2 Name of Business

3 Type of Business

4 City/State

5 Tax Returns for the LastTwo Years Attached? Yes No Yes No

6 Latest Interim FinancialStatement (IncludingBalance Sheet) Attached? Yes No Yes No

7 Percentage of Ownership

8 Date Acquired

9 Cost (of 100%)

10 Loan Balance (of 100%)

11 Lender Name

12 Monthly Debt Service

13 Term

14 Rate

15 Number of Rooms (if applicable)

16 Has this business ever appliedfor or had an SBA loan? Yes No Yes No

If so

What is outstanding balance?

Paid as agreed?


10/17

ESTIMATED PROJECT COST

PROJECT NAME

TOTAL PROJECT COST

(Please attach breakdown I.e., land, building, equipment, inventory,

working capital, etc.)

YOUR CAPITAL INJECTION

(Minimum 20-30% of the above total project cost)

SOURCE OF INJECTION

ACTUAL LOAN AMOUNT

(Total project cost minus capital injection)

ADDITIONAL COLLATERAL TO BE PLEDGED*

(Minimum 50% of the above actual loan amount)

PROJECT LOCATION

REFERRED TO PMC COMMERCIAL TRUST BY

* Additional collateral is required on any leasehold project where real estate is not a part of the business collateral. This includes items

such as CD's, stocks, bonds, notes receivable secured by real estate, extra guarantors, and any combination of the above. Inventory,

furniture, fixtures, or equipment in the business will be collateral for the loan, but are not considered additional collateral.

EQUITY INJECTION

Cash in Accounts

Sale of Securities

Sale of Assets

Funds from Family

Business Assets

Other:

TOTAL EQUITY INJECTION


11/17

To assist PMC in evaluating your financing proposal, we require the following information

STORE INFORMATION

When was property builtNumber of MPDs (Multi product dispensers/pumps):Acreage Size of building sq. ft.Car wash Yes NoRestaurants Yes No Restaurant or Car Wash Details

Exterior Construction Brick Concrete Block PrefabStucco Other

Roofing Shingle Metal Tile FlatPitched

Age of RoofParking Lot Concrete Asphalt Number of SpacesAre there any drainage problems? Yes NoIf yes, please explain:

LOCATION

Nearby highwaysDescription of street in front of property

One way street Yes NoHow many lanesDirect access Yes NoTurning lane Yes NoSpeed LimitAny construction being performed on this road now or being planned in the future?

Yes NoIf yes, to what degree

COMPETITORS

Name Restaurant

Are you aware of any to-be-completed stores which will compete with this store?

GAS & SERVICE STATIONCONVENIENCE STORE

QUESTIONNAIRE

Important: Please provide pictures of the property, both inside and out, and the surrounding area.

Age ofProperty

per

CarWash

DistanceAway


12/17

Yes No If yes, please describe

RESTAURANTS

Name Distance Away

Describe in detail other businesses/traffic generators in the area

Are there any adult entertainment businesses nearby? Yes NoIf yes, please detail

In detail, please draw a map of the area indicating property, nearby highways, competitors, access toproperty, etc. (see example)

GAS EQUIPMENT

Does your county require vapor recovery systems Yes NoDoes the property have a vapor recovery system Yes NoWhen were the tanks and lines installed?Tanks and lines are (check one)

Steel with cathodic protectionSteel with fiberglass lining (compositeFiberglass

How many tanks are there? Capacity: Gallons:Does the property have monitoring wells?(Required on all tanks installed after 1990)The monitoring wells are for: Observation only (or)

Monitoring a recorded spillExplain further in Environmental section

How is leak detection done:automatic methodStatistical Inventory Reconciliation


13/17

Does the property have spill/overflow reservoirs? Yes No(Required)

ENVIRONMENTAL ISSUES

Are there any known or suspected environmental problem areas on the property?Yes No

(If yes, complete the appropriate section below.)

RemediationHas remediation been recommended or started? Yes No

If yes, when was it started?What is the cost of the remediation?Who will pay for it?How long will it takeWill the station close during the remediation?

Monitoring of prior spill:Please provide copies of the monitoring reports.Has the state indicated how soon a no further action letter would be granted?

Prior spill has been cleaned up and a no further action letter has been granted.Please provide a copy of the letter.

Do you plan to replace the tanks as a part of this financing? If so, we require as a general rule that theexcavation be done and samples taken and checked prior to closing.

Is this possible?

BRANDING

What brand is/or will be the station?

Please provide the agreements already signed or to be signed with the jobber.

Will the jobber be paying for imaging/branding? Yes NoHow much will the jobber be paying for imaging/branding? $What exactly is he providing?Will he have a lien on those items? Yes NoHow is to be paid back, if that is the case?


14/17

HOTEL QUESTIONNAIRE

To assist PMC in evaluating your financing proposal, we require the following information

HOTEL LOCATION

Property Name

Physical Address City State Zip

Nearby Highways Exit# Distance from property

Street in front of property:

Is the street one way? Yes No How many lanes?

Direct access to hotel? Yes No Turning lane? Yes No

What is the speed limit?

Hotel traffic:

Local % Destination %

Transient % Tourist %

Any construction being performed on this road now or being planned in the future? Yes No

If so, to what degree?

Are there any drainage problems? Yes No If so, please explain

HOTEL INFORMATION

Total number of rooms Number of buildings Number of stories

Number of Singles Size of rooms ' x '

Number of Kings Size of rooms ' x '

Numbers of Doubles Size of rooms ' x 'Number of Suites Size of rooms ' x '

Number of Handicapped Size of rooms ' x '

Number of weeklies Weekly Rate

Rooms out of service (Attach list of repairs needed to reopen these rooms)

ADR for the past 12 months (if applicable) $ Occupancy %

History of the property for the past five years (franchise or independent)

If the property is a franchise, what is the franchise term?

Total square footage of the land? Leased? Yes No

If yes, attach copy of lease.Was the building constructed prior to January 1, 1981? Yes No If yes, has the building been

tested for Asbestos containing materials (ACM), lead-based paint, or lead in the drinking water?

Yes No Describe or attach ESA

Are there any known or suspected environmental problems with the areas on the property?

(i.e. asbestos or underground gasoline storage tanks) Yes No If yes, please explain

Are any operational and maintenance plans (O&M plans) in effect for the facility? Yes No


15/17

CONSTRUCTION

Exterior: Brick Prefab Stucco Other

Building 1

Building 2

Building 3

Building 4

Roofing: Shingle Metal Tile Flat Pitched Age of roof

Building 1

Building 2

Building 3

Building 4

Parking lot:

Concrete Asphalt Number of spaces

Describe condition

Interior: Interior corridor Exterior corridor Elevators

Building 1 Yes No

Building 2 Yes No

Building 3 Yes No

Building 4 Yes No

Number of meeting or banquet rooms _________ Description and capacity

Swimming pool Yes No Indoor/Outdoor Truck Parking Yes No

Restaurant Yes No If yes, is it Leased Closed Owner operated

Description and capacity Terms

What is included

Lounge Yes No If yes, is it Leased Closed Owner operated

Description and capacity Terms

What is included

Televisions

No. of units

Brand name

Age

Remote Yes No Yes No Yes No

HVAC: Central ________ Individual units_______

No. of units

Brand name

Age

ConcreteBlock

YearConstructed


16/17

Property Name/Location Date

Bathroom description (i.e.: flooring, tubs, ceilings, etc.)

Reservation system description

Other computer system description

Telephone system description

Furniture/Fixtures description and condition

Age of furnishings? Age of fixtures?

LEASES

If any of the following items are leased or to be leased in the next 12 months, mark below and attach copiesof the leases.

Televisions Reservation system

Telephones Signs

Phone System Furniture

Date and summary scope of last renovation

LOCATION

Competitors

Name Rooms ADR Occupancy

1

2

3

4

5

6

If you are aware of any to-be-completed properties which will compete with this propert Yes No

Restaurants: Gas Stations:

Name Name

1 1

2 2

3 3

4 4

PropertyAge

DistanceAway

DistanceAway

DistanceAway


17/17

Describe in detail other businesses/traffic generators in the area

Are there any adult entertainment businesses nearby? Yes NoIf yes, please detail

In detail, please draw a map of the area indicating property, nearby highways, competitors, access to

property, etc. (see example)

ITEMS TO ATTACH

Pictures of the property including:

1 Outside- All sides 6 Pool area

2 Rooms- All types 7 View on street facing across street

3 Bath area 8 View on street facing right

4 Hallways 9 View on street facing left

5 Lobby 10 View of property from highway

Recent appraisals (if available)

Last franchise inspection report

Signature

Date

pmc application- may08

Documents