Woman

Payday Loans in Illinois

Lines of credit
up to

$2500

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Current Blocked States and Countries

Current debit card blocked list

  • Belarus
  • Brazil
  • Cameroon
  • Congo
  • Cote D’Ivoire
  • Cuba
  • Islamic Republic of Iran
  • North Korea – Democratic People’s Republic of Korea
  • Lebanon
  • Liberia
  • Nigeria
  • Somalia
  • Sudan
  • Syrian Arab Republic
  • Zimbabwe

If your country is added in this list, you won’t apply for a construction loan. If not, you are welcome to get acquainted with a construction loan checklist below.

Acquisition

  • Agreement of Sale or Settlement Sheet/Closing Statement
  • Details of seller financing, if any
  • Title report, copy of deed (if available)

Project Overview

  • Location Map
  • Site Plan
  • Property Description
  • Projected Rent Roll
  • Projected Operating Expense
  • Photographs/Aerials
  • Plans and Specifications
  • Market Study, if available
  • Appraisal, if available
  • Demographics
  • Lease Abstracts
  • Tenant Information for Major Tenants: name of tenant and type of business, credit Rating and Financial Information
  • Phase I Environmental Assessment (if available)

Approvals

  • Development Approvals
  • Site Plan Approval
  • Public Water and Sewer Approvals

Site Improvements

  • Land Improvement Cost Estimates
  • Township Development Agreements
  • Township Financial Security Agreement (Set-A-Side, Letter of Credit, Bond)

Project Hard and Soft Costs

  • Line item cost breakdown
  • Estimated soft costs (overhead, advertising, architect, engineering, legal, etc.)
  • General construction contract
  • General contractor resume and financial statements

Sponsorship/Borrower

  • Type of entity (i.e., LLC, Corporation, partnership, etc.)
  • Principals
  • Resumes and References
  • Financial Statements

This checklist may vary depending on the chosen banking department.