Bank Statement Loans
1. Borrower Information
- Name of Borrower
- Business Name (if applicable)
- Loan Amount Requested
- Type of Loan (e.g., personal loan, business loan, mortgage)
2. Bank Statement Summary
- Statement Period: (e.g., January 2023 – June 2023 for a six-month period)
- Total Deposits for Period
- Average Monthly Deposits
- Average Ending Balance
- Total Withdrawals for Period
3. Transaction Overview
| Month | Total Deposits | Total Withdrawals | Average Daily Balance | Ending Balance |
|---|---|---|---|---|
| January | $10,000 | $5,500 | $3,000 | $7,000 |
| February | $12,000 | $6,000 | $4,000 | $8,000 |
| March | $9,000 | $4,500 | $3,500 | $7,500 |
| April | $11,000 | $5,000 | $4,200 | $8,500 |
| May | $10,500 | $5,300 | $4,100 | $9,000 |
| June | $12,500 | $6,200 | $4,300 | $10,000 |
4. Loan Qualification Information
- Income Calculation Method: Specifies how income is calculated based on bank deposits.
- Acceptable Deposit Types: Lists types of deposits considered, such as payroll, business sales, or investment returns.
- Exclusions: Notes any exclusions like personal transfers, cash deposits, or non-recurring income.
5. Additional Requirements
- Bank Statements Required: Typically 6, 12, or 24 months of statements.
- Other Documents: Business license, profit and loss statement (if applicable), or identification documents.
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