This is a sample application form for business loan in a bank. Directions: Fill out the form with thefollowing details.a. Assume any type of business of your choice, create its name, address, mobile number, and emailaddress.b. You are a one-year existing client of the bank since January 1, 2018, with payroll account523-54897 and an outstanding balance of Php 150,000.00.c. It is a family business, a single proprietor, and 3 years in operation. You have 5 employees.d. Tax Identification Number of the business is 404-143-877-001.e. The past year's net income is Php 300,000.00.f. It is your first time to apply for a loan. The amount you plan to loan is Php 500,000.00 payable for36 months and the purpose is to remodel your store. BUSINESS LOAN APPLICATION FORMExisting Secure It Bank Client?If YES, what type of account?Account TypeAccount NumbersYesPayrollNoDeposit/InvestmentLoansLOAN DETAILSLOAN AMOUNTLOAN PURPOSEWorking Capital RequirementsPurchase EquipmentLOAN TENORPurchase/Remodel Workplace12 mos24 mosBusiness Expansion/Start New Business18 mos36 mosMarketing AdvertisingBORROWER INFORMATIONSole ProprietorshipPartnershipCorporationTYPE OF BORROWERBUSINESS INFORMATIONBusiness/Company NameFamily BusinessTax ID Number (TIN)YesNoYears in BusinessNumber of EmployeesNature of BusinessBusiness/Plant/Office AddressBldg No.StreetSubd./Brgy.MunicipalityCity/ProvinceZIP CodeTelephone NosMobile NumberEmail AddBUSINESS OWNERS/MANAGEMENTName (Last, First, Middle)Years in RolePositionBUSINESS FINANCIAL INFORMATIONLATEST YEAR NET INCOMEBANK/DEPOSIT ACCOUNTSDate Opened(mm/dd/yyyy)Outstanding Balance(Php)BankBank Statement?LOAN/CREDIT ACCOUNTSBankLoan AmountMonthly PaymentMaturity Date

In the context of the given question, we will try to cover filling out all sections of the bank loan…

This is a sample application form for business loan in a bank. Directions: Fill out the form with the following details. a. Assume any type of business of your choice, create its name, address, mobile number, and email address. b. You are a one-year existing client of the bank since January 1, 2018, with payroll account 523-54897 and an outstanding balance of Php 150,000.00. c. It is a family business, a single proprietor, and 3 years in operation. You have 5 employees. d. Tax Identification Number of the business is 404-143-877-001. e. The past year's net income is Php 300,000.00. f. It is your first time to apply for a loan. The amount you plan to loan is Php 500,000.00 payable for 36 months and the purpose is to remodel your store.

This is a sample application form for business loan in a bank. Directions: Fill out the form with the following details. a. Assume any type of business of your choice, create its name, address, mobile number, and email address. b. You are a one-year existing client of the bank since January 1, 2018, with payroll account 523-54897 and an outstanding balance of Php 150,000.00. c. It is a family business, a single proprietor, and 3 years in operation. You have 5 employees. d. Tax Identification Number of the business is 404-143-877-001. e. The past year's net income is Php 300,000.00. f. It is your first time to apply for a loan. The amount you plan to loan is Php 500,000.00 payable for 36 months and the purpose is to remodel your store.

Financial Accounting

14th Edition

ISBN:9781305088436

Author:Carl Warren, Jim Reeve, Jonathan Duchac

Publisher:Carl Warren, Jim Reeve, Jonathan Duchac

Chapter4: Completing The Accounting Cycle

Section: Chapter Questions

Problem 3CP

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