LOAN APPLICATION CHECKLIST

GENERAL APPLICATION MATERIALS

Loan Application - Form must be signed by Borrower or authorized representative of the

applicant. Please complete pages 2, 3 and 4. Keep page 5 for your records.
Copy of Driver’s License(s) - All authorized individual guarantors and signers.

BORROWER FINANCIAL INFORMATION (all forms must be signed and dated)

Financial Statements – Three (3) years of historical statements.

(Use the City First Bank Personal Financial Statement if the Borrower is an individual.)
Interim Financial Statements – Latest interim financials to date compared to the same period in
the last fiscal year.
Tax Returns – Three (3) years of historical returns complete with all schedules.
Debt Schedule – If not detailed in Business Financials, complete attached form.
Accounts Receivable and Accounts Payable Aging Reports – latest current period.
Budget and/or Cash Flow Projections – Corporate Borrower only.
Copies of Current Non-CFB bank Statements – for the most recent three (3) months.

GUARANTOR FINANCIAL INFORMATION (all forms must be signed and dated)

Guarantor Financial Statements – Corporate guarantors must submit all information listed.
above under “Borrower Financial Information”. Individual guarantors must submit the City First
Bank Personal Financial statement form.
Tax Returns – Three (3) years of historical returns complete with all schedules.
Schedule of Real Estate Owned – Use page 2 of the Personal Financial Statement.
Verification of Assets – For individuals, recent bank/brokerage statements to verify liquid assets.

BORROWER BACKGROUND INFORMATION

Background Information – Borrower/Guarantor profile including real estate development and

management experience.
Business Plan – if applicable.
Bios for Senior Management
Organizational Documents - Articles of Incorporation; Operating Agreements, Bylaws,
Partnership Agreements; Verification of IRS Tax ID number (Will be needed before loan closing).

ADDITIONAL INFORMATION FOR REAL ESTATE LOANS

Purchase Agreement (If financing acquisition).

Property Operating Statements - Historical statements for 2 years and Pro Form.
Current Rent Roll & Copies of Leases
Development Plan (For renovation and construction projects.)
- Proforma
- Development Budget including Sources and Uses of Funds
- Plans and Specs
- Marketing Plan
- Background on Development Team

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CFB Commercial Credit Application
 LOAN APPLICATION

APPLICANT/BORROWER INFORMATION
Legal Name of Applicant: Tax ID:

Legal Address of Applicant:

Mailing Address of Applicant if different from above:

Primary Contact Name: Phone Number:

OWNER/GUARANTOR INFORMATION - List all owners with >20% interest and any other person/entity that will guaranty the loan
Full Name % Ownership Address Phone SSN or Tax ID

LOAN REQUEST
Amount: $ Term:
What is the purpose of the loan? (i.e.: Acquisition/Construction, refinance, equipment, working capital)

DISCLOSURES:

“Parties to the Loan” is defined as all applicants, co-applicants, sponsors, guarantors and any party owning or anticipated to own more than a 20%
interest in the borrowing entity.

Y N Has the Applicant used or done business under any other name?
Y N Currently or in the past 15 years, have any “Parties to the Loan” been involved in any litigation or other legal claims or
proceedings?
Y N Have any “Parties to the Loan” ever been through bankruptcy or settled any debts for less than the amount owed?
Y N Do any “Parties to the Loan” owe any past federal or state taxes? (Including income tax, payroll tax, and sales tax obligations).
Y N Are any assets shown on the business financial statement pledged or assigned?
Y N Are any “Parties to the Loan” contingently liable as an endorser or guarantor? (including leases)
Y N Are any “Parties to the Loan” past due in filing any federal or state tax forms?
Y N In the past 15 years, have any “Parties to the Loan’ been parties to any state or federal claim, action or judgment?

If YES to any, please describe below:

INDIVIDUAL OR JOINT CREDIT / GUARANTEE

I / We are applying for a loan with City First Bank of DC NA.

I am applying for individual credit in my own name and I am relying on my own income and assets and not the income or assets of another person.
I am applying for individual credit and I am relying on my income or assets, as well as income or assets from other sources.
We are applying for joint credit.

Initials: Initials:

EQUAL CREDIT OPPORTUNITY ACT NOTICE

The Federal Equal Credit Opportunity Act prohibits creditors from discriminating against credit applicants on the basis of race, color, religion, national
origin, sex, marital status, age (provided the applicant has the capacity to enter into a binding contract); because all or part of the applicant’s income
comes from any public assistance program; or because the applicant has exercised in good faith any right under the Consumer Credit Protection Act.
The Federal agency which administers compliance with this law concerning this institution is: Office of the Comptroller of the Currency, Consumer
Assistance Group, 1301 McKinney St., Ste. 3450, Houston, Texas 77010-90501.

IMPORTANT INFORMATION ABOUT PROCEDURES FOR OPENING A NEW ACCOUNT

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CFB Commercial Credit Application
To help the government fight the funding of terrorism and money laundering activities, Federal law requires all financial institutions to obtain, verify, and
record information that identifies each person who opens an account. What this means to you: When you open an account, we will ask for your name,
address, date of birth, and other information that will allow us to identify you. We may also ask to see your driver’s license or other identifying
documents.
SIGNATURES:
The signer(s) certifies that he/she is authorized to execute this Application for the business named as (“Applicant”), and that all information and documents
submitted, including federal income tax returns, are true, correct and complete. The signer (s) authorizes City First Bank of D.C. (“Lender”) to obtain both
consumer and business reports, such as reports from credit bureaus the Internal Revenue Service and the D.C. Department of Consumer and Regulatory
Affairs. The signer(s) further agrees to notify the Lender promptly of any material change in any such information. The signer(s) further authorizes the
Lender to obtain balance and payoff information on all accounts requiring payoff as a condition of granting credit. If the Applicant is a corporation or
partnership, all owners/principals listed must sign and include their title. The signer(s) understands and agrees that this application is subject to
underwriting and final credit approval.
1. Signer Title Date

2. Signer Title Date

3. Signer Title Date

FOR INTERNAL USE:

DATE RECEIVED/INITIALS: / COMPLETED APPLICATION DATE/INITIALS: /

HMDA LOAN QUESTIONNAIRE

Street Address of Property:

Loan will be secured by: First Lien Second or junior lien No Lien on Real Estate

Does the loan involve manufactured housing (i.e. transportable structure designed to be used as a dwelling and built on a permanent
chassis; also including plumbing, heating, air-conditioning and electrical system)? Yes No
1) Will a portion of the proceeds of the loan be used for any of the following purposes (check all that apply): Yes No
Improvements to residential real estate whether or not the dwelling will be security for the loan; or
Purchase of residential real estate, and a dwelling will be security for the loan; or
Refinance of residential real estate, and both the old and new loans are/were secured by a dwelling
2) Is the application submitted by one or more natural persons (individuals)? Yes No

IF YOU ANSWERED “NO” TO EITHER 1 OR 2 ABOVE, STOP HERE. DO NOT ANSWER ANY QUESTIONS IN THE BOX BELOW.
If you answered “YES” to BOTH 1 and 2 above, please provide the information requested in the box unless the application is for temporary
financing which is not HMDA reportable. Please note that residential real estate includes a multi-family dwelling.

To Be Completed by Financial Institution (for an application taken in person):

Was the ethnicity of the applicant collected on the basis of Was the ethnicity of the co-applicant collected on the basis of
visual observation or surname? visual observation or surname?
Yes Yes
No No

Was the race of the applicant collected on the basis Was the race of the co-applicant collected on the basis
of visual observation or surname? of visual observation or surname?
Yes Yes
No No

Was the sex of the applicant collected on the basis Was the sex of the co-applicant collected on the basis
of visual observation or surname? of visual observation or surname?
Yes  Yes
No  No

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CFB Commercial Credit Application
DEMOGRAPHIC INFORMATION OF APPLICANT AND CO-APPLICANT

The purpose of collecting this information is to help ensure that The law provides that we may not discriminate on the basis of
all applicants are treated fairly and that the housing needs of tthis information, or on whether you choose to provide it.
communities and neighborhoods are being fulfilled. For However, if you choose not to provide the information and you
residential mortgage lending, Federal law requires that we ask have made this application in person, Federal regulations require
applicants for their demographic information (ethnicity, race, and us to note your ethnicity, race, and sex on the basis of visual
sex) in order to monitor our compliance with equal credit observation or surname. If you do not wish to provide some or all
opportunity, fair housing, and home mortgage disclosure laws. of this information, please check below.
You are not required to provide this information but are
encouraged to do so. You may select one or more
designations for “Ethnicity” and one or more designations for
“Race.”

Applicant: Co-Applicant:

Ethnicity: – Check one or more Ethnicity: – Check one or more

 Hispanic or Latino Hispanic or Latino
 Mexican Mexican
Puerto Rican Puerto Rican
Cuban Cuban
Other Hispanic or Latino – Print origin, for Other Hispanic or Latino – Print origin, for
example, Argentinean, Colombian, Dominican, example, Argentinean, Colombian, Dominican,
Nicaraguan, Salvadoran, Spaniard, and so on: Nicaraguan, Salvadoran, Spaniard, and so on:

Not Hispanic or Latino Not Hispanic or Latino

 I do not wish to provide this information  I do not wish to provide this information
Race: – Check one or more Race: – Check one or more

 American Indian or Alaska Native – Print name of enrolled or  American Indian or Alaska Native – Print name of enrolled or
principal tribe: principal tribe:

 Asian  Asian
 Asian Indian  Asian Indian
 Chinese  Chinese
 Filipino  Filipino
 Japanese  Japanese
 Korean  Korean
 Vietnamese  Vietnamese
 Other Asian – Print race, for example, Hmong,  Other Asian – Print race, for example, Hmong, Laotian,
Laotian, Thai, Pakistani, Cambodian, and so on: Thai, Pakistani, Cambodian, and so on:

 Black or African American  Black or African American

 Native Hawaiian or Other Pacific Islander  Native Hawaiian or Other Pacific Islander
 Native Hawaiian  Native Hawaiian
Guamanian or Chamorro  Guamanian or Chamorro
 Samoan  Samoan
 Other Pacific Islander – Print race, for example, Fijian,  Other Pacific Islander – Print race, for example, Fijian,
Tongan, and so on: Tongan, and so on:

 White  White
 I do not wish to provide this information  I do not wish to provide this information
Sex: Sex:

 Female  Female
 Male  Male
 I do not wish to provide this information  I do not wish to provide this information

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CFB Commercial Credit Application
 RIGHT TO RECEIVE A COPY OF THE APPRAISAL NOTICE
st
(This disclosure only applies to loan that will be secured by a 1 lien on a 1-4 family residential structure.)

Borrower’s Name:

Property Address:

Disclosure of Right to Receive a Copy of an Appraisal

For any proposed 1st position lien on a residential structure that contains one to four units, we may order an appraisal
or valuation report to determine the property’s value and charge you a fee for the development of an appraisal or
valuation report. You may pay for an additional appraisal for your own use at your own costs. You have the right to
receive this appraisal or valuation report promptly upon its completion (for open-end transactions) or no less than 3
business days before closing (for closed-end transactions), unless this right is expressly waived. If you would like to
waive this right, please sign the Waiver of Three Business Day Delivery Requirement below and return this form to City
First Bank of D.C., N.A, Attn: Loan Administration, 1432 U Street NW, Washington DC 20009 or email to
[email protected].

Waiver of Three Business Day Delivery Requirement

By signing below, I waive my right to receive a copy of the appraisal or valuation report for the above referenced
property promptly upon its completion or at least three (3) business days prior to closing of my loan. This waiver does
not affect my right to receive a copy of the appraisal report under the Equal Credit Opportunity Act or other law. If my
transaction does not close, a copy of the appraisal report or valuation will be provided within 30 days of the
determination that the transaction will not close.

BORROWER:

Date:

Date:

__________________________________________________________ Date: _________________________

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CFB Commercial Credit Application