Dear Sir or Madam,
   Thank you for applying to Barclay Associates for your financing needs. In order to proceed, we will need the answers to the following preliminary questions which are included on this page.  We are sorry, but we cannot answer any questions about any proposed loan, loan terms or loan program until you return the preliminary application. .The questions in the application shown below will only take a short time to complete but are very important to begin the loan process.

   We want to do business with you, but if you are a principal who is purchasing real estate or a business ...... please DO NOT send in a completed application unless you have either A WRITTEN ACCEPTANCE OF YOUR OFFER FROM THE SELLER or a strong verbal agreement from the seller. In this case, the seller must be close to signing an acceptance of your offer. We cannot begin to process a loan application that does not meet these conditions.


*********** FILLING OUT THE APPLICATION *********
We will have to reject any application that is:
1. Not printed legibly. Remember the application  will be read by several individuals during the loan approval process.
2. Not filled in completely. All required items MUST BE completed. Give as much detail as you feel you will need to make your loan request more appealing to a lender. PLEASE CONTACT US BY E-MAIL AT ANY TIME if you have questions about filling in the loan application. Give us your phone number in the e-mail.  We will either call you or reply by e-mail.
3. Answer all questions TRUTHFULLY with accurate data and financial figures. If you do not have accurate data in hand then hold the application until you have the correct data.

If your information is complete and legible we can issue a letter of intent or term sheet in a short period of time.
== IMPORTANT== Before filling out the application, please check out our current MINIMUM LOAN AMOUNT shown at the bottom of every web page on our website.

PLEASE REPLY AS SOON AS POSSIBLE.

PLEASE PRINT OUT THIS PAGE, COMPLETE THE SIMPLE  LOAN APPLICATION BELOW AND FAX OR MAIL IT TO US  AS SOON AS POSSIBLE
If more than one property is involved, please copy this form and submit one completed form for each property.
IT IS EXTREMELY IMPORTANT TO ANSWER ALL QUESTIONS, FILL IN THIS APPLICATION COMPLETELY AND TO SUBMIT YOUR CREDIT SCORES. 

IMPORTANT - If you are a broker, do not answer the questions below, but please proceed immediately to our website broker pages at Broker Information Pages for more information about our broker referral fee program. If the conditions are agreeable to you, please e-mail us and ask for a "Broker Referral Form."  If you are a principal (borrower) and are not a broker, please answer ALL of the questions below.

13 Question Application - Raw land and land development Loans

BORROWER CONTACT INFORMATION

Contact Name ________________________________________


Title_________________


Co. Name (if any) ____________________________________

Borrower’s Address __________________________________

City_____________________________ State __________

Zip Code_________

Contact Phone Number ________________

Fax Number ______________

E-Mail (Very Important):

1] Brief description of the nature of the project and its exact location








2] Brief background on principals describing their experience









3] How much capital have the principals have put into the project to date and specifically
how were those funds allocated?





4] How much capital can the principals put into the project going forward.



5] Is the land on which the project is to be constructed currently owned by the principals?



6] If the land is owned now, what is its current value ‘as is’ and are there any
encumbrances against it.


7] Do the principals have all necessary state, city and other government approvals already
in place?




8] What is the estimated completion value of the project ?



9] How much financing is being requested?

10] Specific breakdown of how these funds will be used:









11] We need a projection showing the anticipated annual revenue and net income for the
project for a three year period



 

12 - We need a current balance sheet showing how the borrowing entity is currently
capitalized. If the borrower is not a company then a personal financial statement will
suffice.










13 -  = If you have a RECENT FICO credit score, what is it?                 If you do not know your recent score,  see below.
 
 HOW TO PULL YOUR OWN CREDIT REPORT AND SCORE   We cannot proceed without your credit score.  For a moderate sum it is very simple to pull your own credit online at MYFICO.COM Drawing your own credit does NOT penalize or reduce your overall score. If you decide to draw your credit online, please send us only the THREE SHEETS that show your CREDIT SCORE DO NOT SEND THE ENTIRE REPORT. Each of the three credit reporting agencies Experian, Equifax and Trans Union will send you a score sheet. If you have not drawn or seen your credit report and scores for some time it is a good idea to get the report(s) since they may contain errors which you can correct and thus raise your score(s).
 

Additional Comments, if any:















___________________________________________
Signature of authorized representative

___________________________________________
Print Name and Title