[{"data":1,"prerenderedAt":478},["ShallowReactive",2],{"document-loan-application_review-form-D419":3},{"document":4,"label":24,"preview":11,"thumb":25,"description":5,"descriptionCustom":6,"apiDescription":5,"pages":8,"extension":10,"parents":26,"breadcrumb":30,"related":36,"customDescModule":178,"customdescription":6,"mdFm":179,"mdProseHtml":477},{"description":5,"descriptionCustom":6,"label":7,"pages":8,"size":9,"extension":10,"preview":11,"thumb":12,"svgFrame":13,"seoMetadata":14,"parents":16,"keywords":15},"INTERNAL LOAN REVIEW Primary Officer: Prepared By: Date Prepared: Loan Request Borrower: Business Information: Form: Organ Date: Type: Management: Ownership: Guarantors: (Typically, the owner of the business) Request: Purpose: Terms Type Amount Rate/Fees Term Repayment Source of Repayment Primary: Secondary Tertiary: Collateral Description: Collateral Valuation: Type AppraisedValue % of ADV Debt Avail.Equity LTV Accounts Receivable 75% (0-90 days) Inventory 30% Equipment 75% Marketable Securities 70% Commercial and Residential Property 75% Vacant Land 30-50% Flood Hazard: Environmental Concerns: Bow Debt Type Open High Bal. # of REN Rate Terms SEC LTV Bow Payment History: Line of Credit Usage: Low Balance: # of Days at Zero: Other Debts: Depository Relationship Name Acct # Type Opened Balance Avg. Col. Bal. Rate Average Cost of Funds: Trust Relationship: Background Information: Financial Statement: Last 3 years of business financial statements and/or tax returns Last 3 years of owner's personal tax return Current personal financial statement Business Loan Application Date: New Relationship Branch: Existing Relationship Officer: Business Information Business Name Address Telephone ( ) Tax I.D. Individual Name(s) Address Telephone ( ) Social Security # Date of Birth: Proprietorship Partnership Sub-Chapter S Corporation Non-Profit Individual LLC Ownership Distribution: (List stockholders, partners, owner names) Note: Attach separate sheet if additional space needed. Name Title # of Years % SS# Name Title # of Years % SS# Name Title # of Years % SS# Nature of Business Year Established Number of Employees Years at Present Location [ ] Own [ ] Lease Accountant Telephone ( ) Insurance Agent Telephone ( ) Attorney Telephone ( ) Financial Information Bank of Account Account Number Credit Relationships:Please provide details of your business credit relationships below: Original Loan Amount Maturity Name of Creditor Purpose of Loan Amount Presently Owing Repayment Terms Date $ $ $ $ $ $ Loan Request Amount of Loan Requested: Type of loan: [ ]Line of Credit [ ]Term Loan Requested Term of Loan: [ ]Business Home Equity [ ]Commercial Real Estate Specific Loan Purpose (Check all that apply) [ ]Working Capital [ ]Other (State type of loan required and loan [ ]Finance Purchase of Inventory purpose) [ ]Finance Purchase of Equipment [ ]Finance Purchase of Real Estate [ ]Finance Purchase of Business [ ]Refinance Existing Loan or Debts Collateral Available* (Check all that apply) [ ]All Assets (accounts receivable, inventory, machinery and equipment) [ ]Specific Equipment (Please attach equipment list, including serial numbers or description of equipment, and invoices for new equipment.) [ ]Real Estate (Please attach property address, legal description and a copy of most recent tax bill.) Square Feet Acres [ ]Cash on Deposit at (name of bank) Branch Account # [ ]Personal Assets (As described in Personal Financial Statement.) * Collateral: Loans are secured by collateral, which is property in which a security interest is granted to secure repayment of the loan. The loan collateral may include business assets, stocks, bonds, certificates of deposits, or personal assets",null,"Loan Application_Review Form","6",513,"doc","https://templates.business-in-a-box.com/imgs/1000px/loan-application_review-form-D419.png","https://templates.business-in-a-box.com/imgs/250px/419.png","https://templates.business-in-a-box.com/svgs/docviewerWebApp1.html?v6#419.xml",{"title":15,"description":6},"loan application_review form",[17,20,23],{"label":18,"url":19},"Finance & Accounting","/templates/finance-accounting/",{"label":21,"url":22},"Business Loans","/templates/business-loan/",{"label":21,"url":22},"Loan Application_Review Form Template","https://templates.business-in-a-box.com/imgs/400px/419.png",[27,17,20,23],{"label":28,"url":29},"Templates","/templates/",[31,32,33],{"label":28,"url":29},{"label":18,"url":19},{"label":34,"url":35},"Business Financing & Loans","/templates/business-financing-and-loans/",[37,41,45,49,54,58,62,66,70,74,78,82,86,102,121,136,150,164],{"label":38,"url":39,"thumb":40,"extension":10},"Bank Loan Application Form and Checklist","/template/bank-loan-application-form-and-checklist-D461","https://templates.business-in-a-box.com/imgs/250px/461.png",{"label":42,"url":43,"thumb":44,"extension":10},"Loan Policy","/template/loan-policy-D13274","https://templates.business-in-a-box.com/imgs/250px/13274.png",{"label":46,"url":47,"thumb":48,"extension":10},"Credit Card Billing Authorization Form","/template/credit-card-billing-authorization-form-D256","https://templates.business-in-a-box.com/imgs/250px/256.png",{"label":50,"url":51,"thumb":52,"extension":53},"Loan Calculator","/template/loan-calculator-D421","https://templates.business-in-a-box.com/imgs/250px/421.png","xls",{"label":55,"url":56,"thumb":57,"extension":10},"Loan Agreement","/template/loan-agreement-D417","https://templates.business-in-a-box.com/imgs/250px/417.png",{"label":59,"url":60,"thumb":61,"extension":10},"Deed of Pledge Loan","/template/deed-of-pledge-loan-D983","https://templates.business-in-a-box.com/imgs/250px/983.png",{"label":63,"url":64,"thumb":65,"extension":10},"Equipment Loan Agreement","/template/equipment-loan-agreement-D12843","https://templates.business-in-a-box.com/imgs/250px/12843.png",{"label":67,"url":68,"thumb":69,"extension":10},"Shareholder Loan Agreement","/template/shareholder-loan-agreement-D13239","https://templates.business-in-a-box.com/imgs/250px/13239.png",{"label":71,"url":72,"thumb":73,"extension":10},"Subordinated Loan Agreement","/template/subordinated-loan-agreement-D12877","https://templates.business-in-a-box.com/imgs/250px/12877.png",{"label":75,"url":76,"thumb":77,"extension":10},"Subordination Agreement Long Form","/template/subordination-agreement-long-form-D424","https://templates.business-in-a-box.com/imgs/250px/424.png",{"label":79,"url":80,"thumb":81,"extension":53},"Loan Calculator with Extra Payments","/template/loan-calculator-with-extra-payments-D420","https://templates.business-in-a-box.com/imgs/250px/420.png",{"label":83,"url":84,"thumb":85,"extension":10},"Collateral Decision_Request for Loan Documents","/template/collateral-decision_request-for-loan-documents-D414","https://templates.business-in-a-box.com/imgs/250px/414.png",{"description":87,"descriptionCustom":6,"label":88,"pages":89,"size":9,"extension":10,"preview":90,"thumb":91,"svgFrame":92,"seoMetadata":93,"parents":95,"keywords":100,"url":101},"RETAINER AGREEMENT This Retainer Agreement (\"Agreement\") is made and effective the [DATE], BETWEEN: [COMPANY NAME] (the \"Consultant\"), a corporation organized and existing under the laws of [STATE/PROVINCE], with its head office located at: [YOUR COMPLETE ADDRESS] AND: [COMPANY NAME] (the \"Client\"), a corporation organized and existing under the laws of the [STATE/PROVINCE], with its head office located at: [COMPLETE ADDRESS] WHEREAS, Consultant has a background in [SPECIFY] and is willing to provide services to Client based on this background. Client remains responsible for all of their decisions. WHEREAS, Client desires to have services provided by Consultant. THEREFORE, in consideration of the terms and covenants of this agreement, and other valuable consideration, the parties agree as follows: DESCRIPTION OF SERVICES Beginning on [DATE], Consultant will provide the following services (collectively, the \"Services\"): Assist Client as they seek to accomplish any of the following: [DESCRIBE THE SERVICES PROVIDED] Additional services such as: [SPECIFY] are also available. services to be performed The manner in which the Services are to be performed and the specific hours to be worked by Consultant shall be determined by Consultant. Client will rely on Consultant to work as many hours as may be reasonably necessary to fulfill Consultant's obligations under this Agreement. RELATIONSHIP OF PARTIES It is understood by the parties that Consultant is an independent contractor with respect to Client, and not an employee of Client. Client will not provide fringe benefits, including health insurance benefits, paid vacation, or any other employee benefit, for the benefit of Consultant. retainer The Client shall pay to the Consultant a non-refundable retainer fee of $[SPECIFY] where after the Consultant shall reserve its services to the Client for a period of [NUMBER] days (\"Retainer Period\") from date of execution of this agreement and payment of the retainer fee, whichever occurs last. This agreement shall automatically terminate upon completion of the Retainer Period. The Client may terminate this contract at any time during the Retainer Period, with or without cause. In the event of such termination, the Client shall immediately pay the Consultant all sums of money with respect to fees and expenses of the Consultant, up to the date of termination. This agreement only reserves the Consultant's availability for employment by the Client and shall in no way prevent the Consultant from performing work for other clients during the Retainer Period. The Consultant shall not act as an agent for, consultant to, or as an officer, employee, or other representative of any party that has an adverse interest in the matter for which Client has retained the Consultant. The Consultant hereby warrants that there is no conflict of interest between the Consultant's other employment, if any, or other contracts, if any, and the activities to be performed hereunder. The Consultant shall promptly advise Client if a conflict of interest arises in the future. expenses The Consultant is: Responsible for all expenses. The Consultant shall be responsible for all expenses related to providing the Services under this Agreement. This includes, but is not limited to, supplies, equipment, operating costs, business costs, employment costs, taxes, Social Security contributions and/or payments, disability insurance, unemployment taxes, and any other cost that may or may not be in connection with the Services provided by the Consultant including out-of-pocket expenses. OR Reimbursed for only the following expenses: [SPECIFY]. Client agrees to pay the Consultant within [SPECIFY]. days of receiving notice of any expense directly associated with the Services. Upon request by the Client, the Consultant may have to show receipt(s) or proof(s) of purchase for said expense. OR Not required to pay or be responsible for any expense in connection with the Services provided. client's Obligations The customer commits: ","Retainer Agreement","4","https://templates.business-in-a-box.com/imgs/1000px/retainer-agreement-D12703.png","https://templates.business-in-a-box.com/imgs/250px/12703.png","https://templates.business-in-a-box.com/svgs/docviewerWebApp1.html?v6#12703.xml",{"title":94,"description":6},"retainer agreement",[96,99],{"label":97,"url":98},"Legal Agreements","business-legal-agreements",{"label":97,"url":98},"loan agreement","/template/loan-agreement-D12703",{"description":103,"descriptionCustom":6,"label":104,"pages":105,"size":106,"extension":10,"preview":107,"thumb":108,"svgFrame":109,"seoMetadata":110,"parents":111,"keywords":119,"url":120},"PROMISSORY NOTE This Promissory Note (the \"Note\") is made and effective the [DATE], BETWEEN: [LENDER NAME] (the \"Lender\"), an individual with his main address located at OR a corporation organized and existing under the laws of the [State/Province] of [STATE/PROVINCE], with its head office located at: [COMPLETE ADDRESS] AND: [YOUR COMPANY NAME] (the \"Borrower\"), a corporation organized and existing under the laws of the [State/Province] of [STATE/PROVINCE], with its head office located at: [YOUR COMPLETE ADDRESS] TERMS FOR VALUE RECEIVED, the Borrower promises to pay to the order of Lender, at its principal office located at [ADDRESS], or at such other place that is designated in writing by the holder hereof, the principal sum of [AMOUNT], together with all charges and interest herein provided, payable at the rate and in the manner hereinafter set forth: Borrower shall make monthly payments of principal and interest at the rate of [%] per annum based upon an amortization of [NUMBER] months. Monthly payments shall be due on or before the first day of each month with the first payment being due on or before [DATE]. If not sooner paid, all amounts due under this Note, including principal, interest and other charges shall be due and payable in full on or before the first day of [MONTH], [YEAR] (the \"Maturity Date\"). Time is of the essence of the payment obligations hereunder and each monthly payment shall be due and payable on or before the first day of each month. This Note is and will be secured by a certain first priority security interest in all of the tangible and intangible property of the Borrower, to be recorded in all applicable governmental offices. The parties shall execute a separate security agreement, in form and substance acceptable to the Lender in all respects. Borrower agrees to execute any such security agreements presented by the Lender or other documents required by the Lender in order to perfect its security interest in the above described property. Said Security Agreement and any other instruments and documents executed in connection with or given as security for this Note shall hereinafter be referred to collectively as the \"Loan Documents.\" All of the terms, covenants, Conditions, representations and warranties contained in the Loan Documents are hereby made part of this Note to the same extent and with the same force and effect as if fully set forth herein. If all or any portion of any payment due hereunder is not received by the Lender within [NUMBER] calendar days after the date when such payment is due, Borrower shall pay a late charge equal to [%] of such payment, such late charge to be immediately due and payable without demand by Lender. Borrower shall have the right to prepay all (but not a portion) of the indebtedness evidenced by this Note at any time, by paying the Lender an amount equal to the sum of (I) the principal balance then outstanding, (ii) all interest accrued to the date of such prepayment, (iii) all interest calculated through the Maturity Date, and (iv) any late charge or charges then due and owing. If any payment under this Note is not paid in full by the [DAY] of any month during the term hereof or if the entire amount due as represented by this Note is not paid in full on or before the Maturity Date, or should default be made in the performance or observation of any of the terms, covenants, or conditions contained in the Loan Documents, or if any representation or warranty contained in the Loan Documents is breached or is or becomes untrue, this Note shall be in default, and the entire principal amount outstanding hereunder, accrued interest thereon, all late charges, if any, and any and all other charges due hereunder, shall, at Lender's option, immediately become due and payable, without further notice, the giving of such notice being expressly waived by the Borrower","Promissory Note","3",39,"https://templates.business-in-a-box.com/imgs/1000px/promissory-note-D434.png","https://templates.business-in-a-box.com/imgs/250px/434.png","https://templates.business-in-a-box.com/svgs/docviewerWebApp1.html?v6#434.xml",{"title":6,"description":6},[112,114,116],{"label":18,"url":113},"finance-accounting",{"label":21,"url":115},"business-loan",{"label":117,"url":118},"Promissory Notes","promisory-note","promissory note","/template/promissory-note-D434",{"description":122,"descriptionCustom":6,"label":123,"pages":124,"size":9,"extension":10,"preview":125,"thumb":126,"svgFrame":127,"seoMetadata":128,"parents":130,"keywords":129,"url":135},"[DATE] [CONTACT NAME] [ADDRESS] [ADDRESS 2] [CITY, STATE/PROVINCE] [ZIP/POSTAL CODE] SUBJECT: REQUEST DELAY IN PROVIDING FINANCIAL STATEMENT Dear [Contact name], According to the terms and conditions of our credit facility, we are required to provide [BANK] with our [ANNUAL/QUARTERLY] financial statements within [NUMBER] days following our fiscal year end ([DATE OF YEAR END]).","Request Delay to Present Financial Statement","1","https://templates.business-in-a-box.com/imgs/1000px/request-delay-to-present-financial-statement-D296.png","https://templates.business-in-a-box.com/imgs/250px/296.png","https://templates.business-in-a-box.com/svgs/docviewerWebApp1.html?v6#296.xml",{"title":129,"description":6},"request delay to present financial statement",[131,132],{"label":18,"url":113},{"label":133,"url":134},"Business Banking","business-banking","/template/request-delay-to-present-financial-statement-D296",{"description":137,"descriptionCustom":6,"label":138,"pages":124,"size":9,"extension":10,"preview":139,"thumb":140,"svgFrame":141,"seoMetadata":142,"parents":144,"keywords":143,"url":149},"BUSINESS CREDIT APPLICATION Name/Address Last: First: Middle Initial: Title Company Name: Tax I.D. Number Address: City: State/Province: ZIP/Postal Code: Phone: Company Information Type of Business: In Business Since: Legal Form Under Which Business Operates: State/Province/Country: Corporation Partnership Proprietorship Other If Division/Subsidiary, Name of Parent Company: In Business Since: Name of Company Principal Responsible for Business Transactions: Title: Address: City: State/Province: ZIP: Phone: Name of Company Principal Responsible for Business Transactions: Title: Address: City: State/Province: ZIP: Phone: ","Business Credit Application","https://templates.business-in-a-box.com/imgs/1000px/business-credit-application-D247.png","https://templates.business-in-a-box.com/imgs/250px/247.png","https://templates.business-in-a-box.com/svgs/docviewerWebApp1.html?v6#247.xml",{"title":143,"description":6},"business credit application",[145,148],{"label":146,"url":147},"Credit & Collection","credit-collection",{"label":146,"url":147},"/template/business-credit-application-D247",{"description":151,"descriptionCustom":6,"label":152,"pages":105,"size":9,"extension":10,"preview":153,"thumb":154,"svgFrame":155,"seoMetadata":156,"parents":158,"keywords":157,"url":163},"NON-DISCLOSURE AGREEMENT (NDA) This Non-Disclosure Agreement (the \"Agreement\") is made and effective [DATE], BETWEEN: [YOUR COMPANY NAME] (the \"Disclosing Party\"), a corporation organized and existing under the laws of the [State/Province] of [STATE/PROVINCE], with its head office located at: [YOUR COMPLETE ADDRESS] AND: [RECEIVING PARTY NAME] (the \"Receiving Party\"), an individual with his main address located at OR a corporation organized and existing under the laws of the [State/Province] of [STATE/PROVINCE], with its head office located at: [COMPLETE ADDRESS] WHEREAS, Receiving Party has been or will be engaged in the performance of work on [DESCRIBE]; and in connection therewith will be given access to certain confidential and proprietary information; and WHEREAS, Receiving Party and Disclosing Party wish to evidence by this Agreement the manner in which said confidential and proprietary material will be treated. NOW, THEREFORE, it is agreed as follows: NON-DISCLOSURE OF CONFIDENTIAL INFORMATION Both Parties understand and agree that each Party may have access to the confidential information of the other party. For the purposes of this Agreement, \"Confidential Information\" means proprietary and confidential information about the Disclosing Party's (or it's suppliers') business or activities. Such information includes all business, financial, technical, and other information marked or designated by such Party as \"confidential\" or \"proprietary.\" Confidential Information also includes information which, by the nature of the circumstances surrounding the disclosure, ought in good faith to be treated as confidential. For the purposes of this Agreement, Confidential Information does not include: Information that is currently in the public domain or that enters the public domain after the signing of this Agreement. Information a Party lawfully receives from a third Party without restriction on disclosure and without breach of a non-disclosure obligation. Information that the Receiving Party knew prior to receiving any Confidential Information from the Disclosing Party. Information that the Receiving Party independently develops without reliance on any Confidential Information from the Disclosing Party. Each Party agrees that it will not disclose to any third Party or use any Confidential Information disclosed to it by the other Party except when expressly permitted in writing by the other Party. Each Party also agrees that it will take all reasonable measures to maintain the confidentiality of all Confidential Information of the other Party in its possession or control. TERM The term of this Agreement is [number] of [years/months] from the date of execution by both Parties. TITLE The Receiving Party agrees that all Confidential Information furnished by the Disclosing Party shall remain the sole property of the Disclosing Party. DISCLAIMER","Non Disclosure Agreement Nda","https://templates.business-in-a-box.com/imgs/1000px/non-disclosure-agreement-nda-D12692.png","https://templates.business-in-a-box.com/imgs/250px/12692.png","https://templates.business-in-a-box.com/svgs/docviewerWebApp1.html?v6#12692.xml",{"title":157,"description":6},"non disclosure agreement nda",[159,160],{"label":97,"url":98},{"label":161,"url":162},"Confidentiality Agreements","confidentiality-agreement","/template/non-disclosure-agreement-nda-D12692",{"description":165,"descriptionCustom":6,"label":166,"pages":124,"size":9,"extension":10,"preview":167,"thumb":168,"svgFrame":169,"seoMetadata":170,"parents":172,"keywords":171,"url":177},"","Business Plan Canvas (One Page)","https://templates.business-in-a-box.com/imgs/1000px/business-plan-canvas-(one-page)-D12527.png","https://templates.business-in-a-box.com/imgs/250px/12527.png","https://templates.business-in-a-box.com/svgs/docviewerWebApp1.html?v6#12527.xml",{"title":171,"description":6},"business plan canvas (one page)",[173,176],{"label":174,"url":175},"Business Plan Kit","business-plan-kit",{"label":174,"url":175},"/template/business-plan-canvas-(one-page)-D12527",false,{"seo":180,"reviewer":192,"legal_disclaimer":178,"quick_facts":196,"at_a_glance":198,"personas":202,"variants":227,"glossary":249,"fields":280,"how_to_fill":326,"common_mistakes":367,"faqs":384,"industries":409,"comparisons":426,"diy_vs_pro":440,"related_template_ids_curated":453,"schema":464,"classification":466},{"meta_title":181,"meta_description":182,"primary_keyword":183,"secondary_keywords":184},"Loan Application Review Form Template | Free Word Download","Free loan application review form template for evaluating borrower creditworthiness, tracking key financial data, and documenting lending decisions.","loan application review form",[185,186,187,188,189,190,191],"loan application review form template","loan review form word","loan evaluation form template","loan application checklist","credit review form template","borrower evaluation form","loan assessment form free download",{"name":193,"credential":194,"reviewed_date":195},"Bruno Goulet","CEO, Business in a Box","2026-05-02",{"difficulty":197,"legal_review_recommended":178,"signature_required":178},"easy",{"what_it_is":199,"when_you_need_it":200,"whats_inside":201},"A Loan Application Review Form is a structured evaluation document that lenders, credit officers, and lending committees use to assess a borrower's financial profile, verify submitted documentation, and record the rationale behind a lending decision. This free Word download gives you a consistent, editable form you can adapt for personal, business, or equipment loans and export as PDF for filing.\n","Use it whenever a lender, credit union, or internal finance committee needs to formally evaluate a loan request — whether for a new applicant, a refinancing, or a credit-limit increase — and needs a documented audit trail of the review process.\n","Applicant identification, requested loan details, employment and income verification, credit score and history summary, collateral assessment, debt-to-income ratio calculation, reviewer notes, and a final decision block with approval conditions or decline reasons.\n",[203,207,211,215,219,223],{"title":204,"use_case":205,"icon_asset_id":206},"Credit officers at community banks","Standardizing loan reviews across multiple applicants and loan types","persona-finance-manager",{"title":208,"use_case":209,"icon_asset_id":210},"Credit union managers","Documenting member loan evaluations for compliance and audit purposes","persona-operations-director",{"title":212,"use_case":213,"icon_asset_id":214},"Private lenders and hard-money lenders","Evaluating borrower risk before issuing short-term secured loans","persona-investor",{"title":216,"use_case":217,"icon_asset_id":218},"Small business owners offering internal financing","Reviewing customer financing applications for in-house payment plans","persona-small-business-owner",{"title":220,"use_case":221,"icon_asset_id":222},"Microfinance organizations","Assessing loan eligibility for small-scale borrowers using a consistent scoring sheet","persona-nonprofit-exec",{"title":224,"use_case":225,"icon_asset_id":226},"Corporate treasury and finance teams","Reviewing intercompany or subsidiary loan requests against internal credit policy","persona-ceo",[228,232,235,239,243,246],{"situation":229,"recommended_template":230,"slug":231},"Reviewing a personal loan request from an individual borrower","Personal Loan Application Review Form","bank-loan-application-form-and-checklist-D461",{"situation":233,"recommended_template":234,"slug":231},"Evaluating a small business applying for working capital financing","Business Loan Application Review Form",{"situation":236,"recommended_template":237,"slug":238},"Assessing a mortgage or real estate loan application","Mortgage Loan Review Checklist","mortgage-note-D1182",{"situation":240,"recommended_template":241,"slug":242},"Logging the status of multiple applications in a single review cycle","Loan Application Tracking Log","telephone-tracking-log-D682",{"situation":244,"recommended_template":55,"slug":245},"Documenting a borrower's agreement to repay once approved","loan-agreement-D12703",{"situation":247,"recommended_template":104,"slug":248},"Requesting a formal promise to repay a loan in writing","promissory-note-D434",[250,253,256,259,262,265,268,271,274,277],{"term":251,"definition":252},"Debt-to-Income Ratio (DTI)","Total monthly debt obligations divided by gross monthly income, expressed as a percentage — a primary indicator of a borrower's repayment capacity.",{"term":254,"definition":255},"Credit Score","A three-digit numerical rating (typically 300–850) summarizing a borrower's credit history and predicting the likelihood of default.",{"term":257,"definition":258},"Collateral","An asset pledged by the borrower that the lender can seize and sell if the borrower fails to repay the loan.",{"term":260,"definition":261},"Loan-to-Value Ratio (LTV)","The loan amount divided by the appraised value of the collateral, expressed as a percentage — higher LTV means greater lender risk.",{"term":263,"definition":264},"Underwriting","The process of evaluating a borrower's financial profile and risk to determine whether to approve a loan and on what terms.",{"term":266,"definition":267},"Amortization","The scheduled repayment of a loan through regular installments that cover both principal and interest over the loan term.",{"term":269,"definition":270},"Guarantor","A third party who agrees to repay the loan if the primary borrower defaults, providing additional security to the lender.",{"term":272,"definition":273},"Conditions of Approval","Specific requirements a borrower must satisfy before a conditionally approved loan is funded, such as providing additional documentation or reducing existing debt.",{"term":275,"definition":276},"Risk Rating","An internal classification assigned by the lender to indicate the overall credit risk level of a loan — typically on a scale from low to high or a numeric tier.",{"term":278,"definition":279},"Net Worth","Total assets minus total liabilities — a snapshot of a borrower's financial position used to assess long-term repayment capacity.",[281,286,291,296,301,306,311,316,321],{"name":282,"plain_english":283,"sample_language":284,"common_mistake":285},"Applicant identification","Full legal name, date of birth, government ID number, contact information, and entity type for business applicants.","Applicant Name: [FULL LEGAL NAME] | Date of Birth: [MM/DD/YYYY] | SSN / EIN: [XXX-XX-XXXX] | Phone: [PHONE NUMBER] | Entity Type: [INDIVIDUAL / LLC / CORPORATION]","Recording only a trade name instead of the applicant's legal name — if the loan goes to collections, enforcement actions require the legally registered name.",{"name":287,"plain_english":288,"sample_language":289,"common_mistake":290},"Loan request details","The amount requested, proposed loan purpose, requested term in months, and preferred repayment structure.","Amount Requested: $[AMOUNT] | Purpose: [LOAN PURPOSE] | Requested Term: [X] months | Repayment Type: [MONTHLY / QUARTERLY / INTEREST-ONLY]","Leaving the loan purpose field as 'general business use' — vague purposes make it impossible to evaluate whether the use of funds aligns with repayment capacity.",{"name":292,"plain_english":293,"sample_language":294,"common_mistake":295},"Employment and income verification","Employer name, length of employment, verified gross monthly income, and income source (salary, self-employment, rental, or other).","Employer: [EMPLOYER NAME] | Employment Length: [X] years [X] months | Gross Monthly Income: $[AMOUNT] | Income Source: [EMPLOYED / SELF-EMPLOYED / RENTAL / OTHER]","Using stated income without noting whether it was verified against pay stubs or tax returns — unverified income should be flagged in the reviewer notes.",{"name":297,"plain_english":298,"sample_language":299,"common_mistake":300},"Credit score and history summary","Credit bureau score, bureau name and pull date, number of derogatory marks, and open tradeline count.","Credit Score: [SCORE] | Bureau: [EXPERIAN / EQUIFAX / TRANSUNION] | Pull Date: [MM/DD/YYYY] | Derogatory Marks: [NUMBER] | Open Tradelines: [NUMBER]","Recording only the score without noting the pull date — a score pulled 90 days ago may no longer reflect the borrower's current credit profile.",{"name":302,"plain_english":303,"sample_language":304,"common_mistake":305},"Debt-to-income ratio calculation","Total verified monthly debt payments divided by gross monthly income, with the resulting DTI percentage and the lender's acceptable threshold noted.","Total Monthly Debt Payments: $[AMOUNT] | Gross Monthly Income: $[AMOUNT] | DTI Ratio: [X]% | Lender DTI Threshold: [X]% | Within Policy: [YES / NO]","Excluding the proposed new loan payment from the DTI calculation — the post-loan DTI is what matters for assessing repayment capacity.",{"name":307,"plain_english":308,"sample_language":309,"common_mistake":310},"Collateral assessment","Description of the pledged asset, estimated or appraised value, outstanding liens, and the resulting loan-to-value ratio.","Collateral Type: [REAL ESTATE / VEHICLE / EQUIPMENT / OTHER] | Appraised Value: $[AMOUNT] | Outstanding Liens: $[AMOUNT] | LTV Ratio: [X]%","Accepting the borrower's self-reported asset value without noting that a third-party appraisal is pending — conditional approvals should specify that funding is contingent on appraisal.",{"name":312,"plain_english":313,"sample_language":314,"common_mistake":315},"Supporting documents checklist","A verification log confirming which required documents have been received, reviewed, and found satisfactory.","Government-issued ID: [RECEIVED / PENDING] | Last 2 years tax returns: [RECEIVED / PENDING] | Bank statements (3 months): [RECEIVED / PENDING] | Business financials: [RECEIVED / PENDING]","Marking a document as received without noting who reviewed it and whether it was deemed satisfactory — 'received' and 'verified' are not the same status.",{"name":317,"plain_english":318,"sample_language":319,"common_mistake":320},"Reviewer notes and risk rating","Narrative commentary on application strengths, concerns, and mitigating factors, plus an overall internal risk tier assigned by the reviewer.","Reviewer Notes: [FREE TEXT — KEY STRENGTHS, CONCERNS, AND MITIGATING FACTORS] | Risk Rating: [LOW / MODERATE / HIGH] | Assigned By: [REVIEWER NAME] | Date: [MM/DD/YYYY]","Leaving the reviewer notes blank when the decision is an approval — notes documenting why an application was approved are just as important for audit purposes as notes explaining a decline.",{"name":322,"plain_english":323,"sample_language":324,"common_mistake":325},"Decision block","The final lending decision — approved, conditionally approved, or declined — with the authorized approver's name, the decision date, and any conditions or decline reasons.","Decision: [APPROVED / CONDITIONALLY APPROVED / DECLINED] | Approved Amount: $[AMOUNT] | Rate: [X]% | Conditions: [LIST CONDITIONS OR 'NONE'] | Decline Reason: [REASON OR 'N/A'] | Approver: [NAME / TITLE] | Date: [MM/DD/YYYY]","Recording a conditional approval without listing the specific conditions — without a conditions list, there is no basis to verify fulfillment before funding.",[327,332,337,342,347,352,357,362],{"step":328,"title":329,"description":330,"tip":331},1,"Enter the applicant's legal identification details","Record the borrower's full legal name, date of birth, government ID or tax ID number, and contact information. For business applicants, include the registered entity type and jurisdiction.","Cross-reference the name against the government-issued ID before entering it — typos in legal names create document-matching problems at funding.",{"step":333,"title":334,"description":335,"tip":336},2,"Record the loan request specifics","Document the exact amount requested, the stated purpose, the proposed repayment term, and the preferred repayment frequency. Avoid accepting vague purpose descriptions.","Ask the borrower to specify how funds will be deployed — 'purchase of CNC equipment, $42,000' is actionable; 'business expansion' is not.",{"step":338,"title":339,"description":340,"tip":341},3,"Verify and enter income and employment data","Record the employer, tenure, and gross monthly income. Note whether the figures are stated or verified and which documents (pay stubs, tax returns, bank statements) were used.","For self-employed borrowers, use the two-year average from tax returns rather than the most recent year's net income, which may be artificially high or low.",{"step":343,"title":344,"description":345,"tip":346},4,"Pull and log the credit report","Run the credit check, record the score, bureau, and pull date, and note the number of derogatory marks and open tradelines. Flag any recent hard inquiries that suggest the applicant is shopping multiple lenders.","Pull all three bureaus for loan amounts above your institution's internal threshold — scores can vary by 50+ points across bureaus.",{"step":348,"title":349,"description":350,"tip":351},5,"Calculate the debt-to-income ratio including the proposed loan","Sum all verified monthly debt obligations, add the proposed new loan payment, and divide by gross monthly income. Record both the current DTI and the post-loan DTI against your policy threshold.","If the post-loan DTI exceeds policy, note whether any existing debts are being consolidated — the post-consolidation DTI may qualify.",{"step":353,"title":354,"description":355,"tip":356},6,"Complete the collateral and document checklist","Describe any pledged collateral, record the appraised or estimated value, note existing liens, and calculate the LTV. Work through the document checklist and mark each item as received and verified — not just received.","Flag any document dated more than 90 days ago as stale and request a current version before finalizing the review.",{"step":358,"title":359,"description":360,"tip":361},7,"Write reviewer notes and assign a risk rating","Summarize the application's key strengths, any concerns identified, and mitigating factors. Assign an internal risk tier consistent with your lending policy. Sign and date the notes section.","Write notes as if a compliance auditor will read them 18 months from now with no other context — be specific and evidence-based.",{"step":363,"title":364,"description":365,"tip":366},8,"Record the final decision with conditions or decline reasons","Enter the decision (approved, conditionally approved, or declined), the approved amount and rate, and any conditions that must be met before funding. For declines, record the specific reason tied to the application data.","For conditional approvals, set a deadline by which conditions must be satisfied — open-ended conditions create liability and delay pipeline management.",[368,372,376,380],{"mistake":369,"why_it_matters":370,"fix":371},"Using the pre-loan DTI instead of the post-loan DTI","The pre-loan DTI understates the borrower's actual repayment burden after funding. A borrower at 38% DTI pre-loan may exceed a 45% policy threshold once the new payment is added.","Always add the proposed monthly payment to total monthly obligations before calculating DTI, and compare that figure to your policy maximum.",{"mistake":373,"why_it_matters":374,"fix":375},"Marking documents as received without verifying their content","A document log showing all items received provides no protection if those documents were never reviewed for accuracy, consistency, or fraud indicators.","Add a second status column — 'verified by' and 'date verified' — distinct from the received date so the review trail is unambiguous.",{"mistake":377,"why_it_matters":378,"fix":379},"Leaving reviewer notes blank on approvals","Regulatory examiners and internal auditors review approved loans as well as declines. A blank notes section on an approval suggests the decision was made without documented analysis.","Write at least two to three sentences summarizing why the application met lending criteria, referencing specific data points from the form.",{"mistake":381,"why_it_matters":382,"fix":383},"Recording conditional approvals without a specific conditions list","Vague conditions like 'subject to final review' cannot be verified as fulfilled, creating a gap in the audit trail and potential disputes with the borrower at funding.","List every condition as a discrete, verifiable action item — for example, 'provide appraisal from approved appraiser dated within 60 days' — and initial each item when satisfied.",[385,388,391,394,397,400,403,406],{"question":386,"answer":387},"What is a loan application review form?","A loan application review form is a structured document a lender uses to systematically evaluate a borrower's financial profile and record the rationale for a lending decision. It captures key data points — credit score, income, DTI, collateral, and documentation status — in a consistent format that supports compliance, auditing, and portfolio management.\n",{"question":389,"answer":390},"Who uses a loan application review form?","Community banks, credit unions, private lenders, microfinance organizations, and corporate finance teams all use loan review forms. Any lender that issues more than a handful of loans per year benefits from a standardized form that ensures every application is evaluated against the same criteria and that decisions are documented consistently.\n",{"question":392,"answer":393},"What is a good debt-to-income ratio for loan approval?","Most conventional lenders use a DTI threshold of 43% as the upper limit for approval, though many prefer applicants below 36%. The DTI that matters for the review is the post-loan figure — total monthly debt obligations including the proposed new payment divided by gross monthly income. Lower DTI ratios signal stronger repayment capacity and typically qualify for better rates.\n",{"question":395,"answer":396},"What documents should be collected alongside the review form?","At minimum: government-issued photo ID, the two most recent years of tax returns, three months of bank statements, and recent pay stubs or proof of income. Business applicants should also provide current financial statements (P&L and balance sheet) and any existing loan documentation. Collateral-backed loans require an appraisal or documented valuation.\n",{"question":398,"answer":399},"Does a loan application review form need to be signed?","The review form itself is an internal evaluation document and does not typically require the borrower's signature. However, the reviewer or approving officer should sign and date the decision block to create an accountable record of who made the lending decision and when. The borrower signs the separate loan agreement once approved.\n",{"question":401,"answer":402},"How does a loan application review form differ from a loan application?","A loan application is the document the borrower completes and submits, providing their personal and financial information. The loan application review form is the internal document the lender completes to evaluate that submission — it captures the lender's analysis, verified data, and decision. The two documents work together but serve opposite sides of the transaction.\n",{"question":404,"answer":405},"How long should completed loan review forms be retained?","Retention requirements vary by jurisdiction and institution type, but most banking regulators expect loan files — including review forms — to be retained for a minimum of 3 years after the loan closes or is declined, and up to 7 years for certain regulated lenders. Check the applicable federal, state, or provincial requirements for your institution type and confirm with your compliance officer.\n",{"question":407,"answer":408},"Can this form be used for internal business loans or intercompany lending?","Yes. The form is equally useful for intercompany loan requests, owner financing programs, and employer-to-employee loan arrangements. For internal use, the collateral and credit score fields may be less relevant — focus on the DTI, income verification, and decision documentation sections to maintain a defensible internal audit trail.\n",[410,414,418,422],{"industry":411,"icon_asset_id":412,"specifics":413},"Banking and credit unions","industry-fintech","Used in consumer and commercial underwriting workflows to satisfy regulatory examination requirements and internal credit policy documentation standards.",{"industry":415,"icon_asset_id":416,"specifics":417},"Real estate and mortgage","industry-real-estate","Tracks LTV, appraisal status, and title search completion alongside borrower credit data for mortgage and hard-money loan decisions.",{"industry":419,"icon_asset_id":420,"specifics":421},"Retail and consumer finance","industry-retail","Supports point-of-sale financing and in-house installment plan approvals, where a lightweight review form replaces a full underwriting workflow.",{"industry":423,"icon_asset_id":424,"specifics":425},"Microfinance and nonprofit lending","industry-nonprofit","Provides a consistent evaluation framework for small-dollar loans where borrowers may lack traditional credit histories and character references carry added weight.",[427,431,433,436],{"vs":428,"vs_template_id":429,"summary":430},"Loan Application Form","D{LOAN_APPLICATION_FORM_ID}","A loan application form is completed by the borrower to submit their financial information and request funding. A loan application review form is completed by the lender to evaluate that submission. The application collects data; the review form analyzes it and records the decision. Both documents belong in the same loan file.",{"vs":55,"vs_template_id":245,"summary":432},"A loan agreement is the binding contract between lender and borrower that governs repayment terms, interest rate, and default consequences. The review form is an internal pre-approval document — it supports the decision to offer a loan but has no contractual force. The review form comes first; the loan agreement is executed once the decision is made.",{"vs":104,"vs_template_id":434,"summary":435},"promissory-note-D406","A promissory note is the borrower's written promise to repay a specific amount under stated terms — it is the primary financial instrument of the loan. The review form is the lender's internal assessment record and is never shared with the borrower as a binding document. They serve entirely different functions within the same lending transaction.",{"vs":437,"vs_template_id":438,"summary":439},"Credit Memo","D{CREDIT_MEMO_ID}","A credit memo is a narrative document written by a loan officer summarizing the credit analysis and recommendation for a lending committee. A review form is a structured checklist that standardizes data capture and decision recording across all applications. Larger institutions use both — the form for consistency, the credit memo for nuanced qualitative analysis on complex deals.",{"use_template":441,"template_plus_review":445,"custom_drafted":449},{"best_for":442,"cost":443,"time":444},"Community lenders, credit unions, private lenders, and internal finance teams issuing loans under standard credit policies","Free","10–15 minutes per application",{"best_for":446,"cost":447,"time":448},"Lenders adding custom scoring models, risk-rating tiers, or regulatory compliance fields specific to their charter","$100–$500 for a compliance consultant or lending policy review","1–3 days",{"best_for":450,"cost":451,"time":452},"Bank or credit union seeking a fully integrated underwriting workflow with automated DTI calculations and document management","$1,000–$5,000+ for a custom form or LOS integration","2–6 weeks",[245,248,454,455,456,457,458,459,460,461,462,463],"request-delay-to-present-financial-statement-D296","business-credit-application-D247","non-disclosure-agreement-nda-D12692","business-plan-canvas-(one-page)-D12527","financial-projections_12-months-D360","small-business-expense-report-D13396","sales-invoice-D383","purchase-order-D1411","payment-agreement-D13226","balance-sheet-D353",{"emit_how_to":465,"emit_defined_term":465},true,{"primary_folder":113,"secondary_folder":467,"document_type":468,"industry":469,"business_stage":470,"tags":471,"confidence":476},"business-financing-and-loans","form","general","all-stages",[468,472,473,474,475],"loan-application","credit-management","lending","financial-review",0.92,"\u003Ch2>What is a Loan Application Review Form?\u003C/h2>\n\u003Cp>A \u003Cstrong>Loan Application Review Form\u003C/strong> is a structured internal document that lenders, credit officers, and lending committees use to evaluate a borrower's financial profile, verify submitted documentation, and record the rationale behind a lending decision. It captures verified data — credit score, income, debt-to-income ratio, collateral value, and document status — in a consistent, auditable format that applies equally to personal loans, business financing, and equipment purchases. Unlike the loan application the borrower completes, the review form is the lender's working document: it transforms raw application data into a documented credit analysis with a clear, signed decision.\u003C/p>\n\u003Ch2>Why You Need This Document\u003C/h2>\n\u003Cp>Without a standardized review form, lending decisions rely on informal notes, inconsistent data points, and individual memory — none of which hold up to a regulatory examination or an internal audit. A missing DTI calculation, an undocumented condition of approval, or a blank reviewer notes field can expose the institution to fair-lending complaints, compliance findings, and unrecoverable disputes at funding. Every loan decision, whether approved or declined, deserves an equally documented paper trail. This template gives lenders a repeatable, field-by-field review process that captures exactly what was verified, who made the decision, and on what basis — turning each loan file into a defensible record that protects the institution and supports consistent, policy-aligned underwriting.\u003C/p>\n",1779808972284]