Application Overview - Nonprofit Guidance

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ED or other Authorized Signer Title of Signer 0 SSN Address of Signer

Must match calculator /

BDO Connect

Common Omissions

Doesn’t match BDO

Connect

Must match calculator /

BDO Connect

DOUBLE CHECK FORM TO MAKE SURE IT LOOKS LIKE THIS ONE

WITH EXPANDED LEGAL STATUS

Application Overview – General Guidance

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Common Omissions

Initials here

Initials here

Appendix 2483 – Applicant Supplemental Information

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General Supplemental Information

Company Name

NAICS Code 00000

FranchiseNumber of Current Employees

Number of Jobs Created

Number of Jobs RetainedDate Business Established

Primary BusinessEPC or Operating Company

Common Omissions /

Mistakes

NAICS Code should be confirmed by accountant or on tax returns. You can use the search feature at

www.census.gov/naics. In the "2017 NAICS Search" box on the left side of that page, enter a keyword that

describes your kind of business. A list of primary business activities containing that keyword and the corresponding

NAICS codes will appear.

Match Borrower Application 2483 and BDO ConnectLeave Blank

Use number of employees count

Match articles of incorporation & BDO Connect

Answer is most likely No. Eligible Passive Companies and Operating Companies (EPC/OC) – SBA allows a loan structure where the Borrower is a

passive owner of the assets to be financed with the loan proceeds and leases the assets to an “Operating Company” (OC). The Borrower in these cases is called an

“Eligible Passive Company” (EPC).

Yes or No

Appendix 2483 – Applicant Supplemental Information

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Principal Person information # 1First NameMiddle InitialLast NameControlling Interest ManagementPercentage of OwnershipDate of BirthPlace of Birth (City)Place of Birth (State)Place of Birth (Country)CitizenshipGenderVeteranPrimary RaceZipStreet AddressCity and State

Principal Owner Information (Please complete for all owners of the borrower). For Nonprofits, complete for the authorized signer

Common Omissions /

Mistakes

Yes or No0 for nonprofitsMatch License

Certificate of Secretary

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• This is used to verify who is authorized to sign on behalf of the organization. • Should include the authorized signer AND corporate secretary or other individual

like board members and executives who can delegate authority per bylaws• Corporate Secretary should sign the above the authorized signer

Name of signer Position of Signer

Signature of Signer

Name of secretary Secretary Signature of

secretary

Signature of secretary

Name of signer

Other Issues

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• Licenses: JPEGS do not upload to our credit system. Please PDF or save in a word document to expedite review• Calculator: Not being able to identify where numbers came from in your supporting documentation has slowed down reviews. Make sure you

follow SBA Guidance from April 24 2020• Missing ACH Form• Incomplete or missing information

Supporting Documentation for Payroll

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REFER TO SBA GUIDANCE AS OF APRIL 24 TO CALCULATE YOUR LOAN AMOUNT https://home.treasury.gov/system/files/136/How-to-Calculate-Loan-Amounts.pdf

Borrower Application View

Borrower will receive a registration email from lending@immito.com

Following the link to setup your user name (first initial and last name) and password

Click “Create User”

You will be redirected to login

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• Once logged in borrower will see the following Business Information screen

• Throughout the application the borrower only needs to complete the fields with an *• The “Application Complete” button is for when each principal is done filling in the

information• The “Submit to Lender” button is for when the borrower is ready to submit to the

relationship manager for review• To go to the next tab the borrower can hit “Next” at the bottom of the screen or use the

pane on the left side of the application screen

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• Tell us about the Business screen includes:• Number of Employees• Ownership Percentage

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• Paycheck Protection Program screen includes:• Average Monthly Payroll• Purpose of Loan • Certifications

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• Application Business Relationship screen only to be completed if the applicant answered “yes” to “Does the Small Business Applicant have any Affiliates?” on the Paycheck Protection Program Screen

• Applicant to list any affiliates and type of relationship

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• Principal Details screen includes home contact information for Owner• If the business has other owners, the borrower will click Add Principal

• First Name• Last Name • Ownership Percentage • Email address

• Click Save and the email registration will be sent to the other listed owner(s)• Note: Each owner is responsible for providing their contact information in the

application. To edit owner information, highlight owner row and hit Edit

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• Principal Personal Information screen, borrower must only provide:• Place of Birth• US Citizenship Status • Veteran Status

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• App Checklist / Documents screen• Borrower can upload documents under their name or their business name – the

reviewer will be able to see all documents uploaded

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• To Finalize the Application:• Borrower Click “Application Completed” when each principal is done filling in the information• Borrower then Click “Submit to Lender” when the borrower is ready to submit to the Relationship

Manager for review

• Reviewers will be able to view the application without the borrower clicking “Application Completed” and/or “Submit to Lender”

• Note: Once the Application is submitted it cannot be edited, but additional documentation can be submitted

• To upload documents after submission to Credit.wrx:• Click Add Documents which allows the borrower to upload additional document• Click Submit Additional Documents which submits the documents to the credit team

• Borrowers also upload documents this way and may forget to click the “Submit additional documents” The Relationship Managers can Submit Additional Documents with this button on behalf of the borrower.

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