Financial Statement and Cash Flow Customer: Date: Collateral: Collateral Value: Loan Purpose: Assets Loan to Value Ratio: Value Liabilities Balance Payment Total Assets Total Liabilities Net Worth Income Proposed Payment Interest Rate D/I Number of Months DSC Loan Amount Your small business has the following: - A building worth $200,000 that you owe $185,000 on and costs you $2,053 per month - An older work truck you own "free and clear" you offered to sell last week for $20,000 - Inventory totaling $52,000 - Company phone bill that is $475 every month - A work Credit Card you owe $1,500 on and payoff every month - Another work vehicle you just bought for $57,000 owe $45,000 on and costs $745/mth - You have $50,000 in your work account - You have an annual Gross Income of $121,000 You want to purchase a new delivery truck for you business that costs $60,000. You plan to put a 17% down payment and finance the rest at 7% for 4 years *please put income and payment information in monthly terms (not yearly) Based on this information, will you be approved for the loan? Why or why not?
