TIP Form
Acronym of MPE stands for this.
What is Maximum Potential Exposure?
For an SBA Loan, this is the section that needs to be completed on the TIP Form.
What is Section 5?
This is the summary of assets and liabilities.
What is a balance sheet?
This is the type is Fiscal year statements that are required.
What is a CPA Audited (Fiscal year Statement)?
This is the document executed between the owner and the tenant to hand over real estate for a specific period of time.
What is a Lease?
IF the Pricing box is checked "Yes", then this is how many places require a numerical response.
What is three?
These are current required years for Business Tax Return collection.
What is 2020, 2021, and 2022?
This is summary of Revenues and expenses during a particular period, which turn into net income / profit.
What is Income Statement (PNL)?
The only related party applicant can be this.
What is an authorized signer?
IF there is any debt on property, this is required.
What is an IRE Debt Schedule?
This is the most recent date that was updated on the TIP Form.
What is 8/11/2023?
This is the name of the document to request Tax Transcripts.
What is 4506-C?
This type of tax return is ONLY acceptable if the ownership structure was wrong on the initial filing.
What is an Amended Tax Return?
This is also known as a current Arrears Report.
What is a Delinquency Report?
____ Years of Operating Statements are required.
What is 3?
When the MPE <$1MM & Not SBA, the approval is obtained by this leader.
Who is the MSE?
They are the required parties that fill out the SBA Form 1919.
Who are the guarantor and the borrower?
Information provided with A/R and A/P that's current, 30 days, 60 days and 90 days is called this.
What is aging?
Information about all sales are required for the last ____ Months.
What is 12?
For IRE loans this additional TIP form is required.
What is a TIP Addendum?
This is the minimum number of signatures required on a TIP form.
What is 3?
Copies of promissory note is required when it's this type of request.
What is a Debt Refinance?
The debt schedule time frame must be dated within the last ____ Months.
What is 6?
Cost of project being financed is known as this.
What is the contractor's bid?
A copy of a purchase agreement or settlement statement is required if pending __________?
What is Acquisition?