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Loan closing file #2 <br />Loan closing checklist <br />Loan Agreement <br />Installment Term Note <br />Security Agreement <br />Business Mortgage <br />Personal Guarantee <br />Corporate Guarantee <br />UCC Financing Statements <br />Subordination and Inter -creditor Agreement <br />Landlord Lien Waiver <br />Assignment of Leases <br />Escrow Agreement <br />Amortization Schedule <br />Evidence of credit is not available <br />Financial statement file #3 <br />Monthly or quarterly company prepared financial statements <br />Annual financial statements prepared by an independent CPA <br />Monitoring file #4 <br />Hazard and liability insurance policies <br />Key -person life insurance, if required <br />Evidence of property tax payments <br />Annual insurance certifications <br />General correspondence <br />Job reports <br />Site Visit Reports <br />Post -closing correspondence <br />A single file pertaining to all active loans contains all annual credit reviews and all <br />duplicate reports on annual site visits for all companies; this separate file is maintained at <br />the request of the IRF Board. <br />3.2.Safekeeping of original loan documents <br />The loan closing file, including all original loan documents, is held by the IRFs <br />Bank Agent and is kept in a fireproof container. A duplicate of the loan closing <br />file is kept by the IRF staff for loan servicing purposes. <br />35 <br />