BUSINESS LENDING APPLICATION
CREDIT REQUESTED (Check applicable box and indicate dollar amount)VISA® Commercial Credit Card Applied for (check Commercial Card or Crystal Commercial Card below and
insert dollar amount): (Minimum $2,501) / $
Commercial Card (If selected, check one of the following):
With City National Rewards® ($50 Annual Fee for each card issued under the account.)
Without City National Rewards* (No Annual Fee)
Crystal® Commercial Card ($400 Annual Account Fee plus $75 Annual Fee for each card issued under the account.) (If selected check one of the following):
With City National Rewards
Without City National Rewards*
Cash-Secured Visa Commercial Credit Card:
Check Box if Visa Commercial Credit Card requested above is to be Cash-Secured.
Please complete FOR CASH-SECURED VISA COMMERCIAL CREDIT CARD ONLY section to designate the City National Bank deposit account securing the Visa Commercial Credit Card account.
Visa Commercial Credit Card for Book2Bank Transactions (With City National Rewards)
($50 Annual Account Fee) (Minimum $2,501) / $
Visa Commercial AP (Online Accounts Payable Service) Without City National Rewards (Minimum $250,000) / $
Business Overdraft Line for CNB Business Checking Account # (Minimum $2,501) / $ / (Maximum $50,000)
Basic Business Builder** (Minimum $10,000) / $ / (Maximum $250,000)
CNB Business Line (Minimum $250,001) / $
Commercial Equity Line of Credit (Offered in CA, GA, MN, NV, TN, and certain NY counties.) (Minimum $250,000) / $ / (Maximum $2,000,000)
Term Loan (Minimum $10,000) / $ / (Maximum $1,000,000)
Equipment Term Loan (Minimum $50,000) / $
Letter of Credit - Commercial (Minimum $50,000) / $
Letter of Credit - Standby (Minimum $50,000) / $
Loan Secured by Cash/Marketable Securities (Minimum $50,000) / $
Line Secured by Cash/Marketable Securities (Minimum $50,000) / $
Business Permanent Real Estate Loan (Offered in CA, MN, NV, and certain NY Tri-State counties.) (Minimum $50,000) / $ / (Maximum $5,000,000)
Aggregate Total / $ / 0
* Cash Rebate feature is available, which feature is subject to certain terms, conditions and minimum spend requirements.
** All Basic Business Builder accounts greater than $100,000 must be secured by a security interest of first lien priority in Applicant's personal property business assets. See BBB Security Agreement section on Page 6.
Note: Providing false information on or with this application may result in criminal penalties.
BUSINESS APPLICANT INFORMATIONLegal Name of Applicant ("Applicant", "You" or "Your") / Date Business Established / Number of Employees / Current owner(s) since
/ (MM/YYYY) / / (MM/YYYY)
Tax I.D. Number / DBA (If applicable) / Business Phone Number / Business Mobile Phone Number
() - / () -
Street Address (Do Not Provide PO Box) / City / State / Zip Code
Mailing Address (If different from above) / City / State / Zip Code
Address of Other Business Location / City / State / Zip Code
Purpose of Requested Credit / Key Contact Name / Key Contact Phone Number
() -
Type of Organization (Check only one)
Sole Proprietorship* Corporation Limited Liability Company General Partnership Limited Partnership
Limited Liability Partnership Joint Venture/Association Not for Profit Trust Other (Describe):
*Sole Proprietorship Applicant: Please check the applicable box for each question below.
Are you a U.S. Citizen? Yes No
Are you a U.S. Permanent Resident Alien? Yes No
Are you a Client of Royal Bank of Canada (RBC) or any RBC company? Yes No
If you are a Client of RBC Wealth Management ("RBC WM"), please provide the following information / RBC WM Financial Advisor Name: / RBC WM Account Number
Additional Business Information
Describe Applicant's Product/Services (Attach any brochures.)
How are the products sold? Direct Mail Internal Sales Force Internet, provide website address:
Manufacturer's Representatives Telemarketing Other
What is your primary competitive advantage?
Location Price Product Service Other
Is your industry regulated? No Yes. List the regulatory agencies
List 3 major competitors / 1. / 2. / 3.
Is your company unionized? No Yes. List the Union and contract expiration date
Percentage of sales in United States / Percentage of sales in California / Percentage of foreign sales / Projected annual sales
% / % / %
Number of customers / Are sales seasonal? No Yes. Indicate the peak selling period
Do any customers represent more than 10% of sales?
No Yes. List customer name and percentage of sales / %
%
%
What is your average sales size? / $ / What percentage of sales is cash? / %
What is your total monthly debt payment? / $
What are your purchasing terms? Cash Net 10 Net 30 Net 60 Other
Do you have a dominant supplier? No Yes. State Supplier name: and percentage
Does Applicant use any of the following? / May the Bank contact him/her?
CPA Tax Accountant Bookkeeper / No Yes. List the name and phone number
State of Organization / Nature of Business
Accounting Construction Contractor Education Engineering
Finance Food Health Legal Manufacturing
Real Estate Retail Services Transportation Wholesale Other
Home-based Business? / No Yes
BUSINESS APPLICANT'S FINANCIAL SUMMARY AS OF MOST RECENT FISCAL YEAR END
Financial Condition as of most recent fiscal year end: / Month / JanuaryFebruaryMarchAprilMayJuneJulyAugustSeptemberOctoberNovemberDecember / Day / Year
Balance Sheet Summary
Assets / Amount / Liabilities / Amount
Cash & Cash Equivalents / $ / Accounts Payable & Accrued Liabilities / $
Accounts Receivable / $ / Current Portion of Long Term Debt / $
Inventory / $ / Total Current Liabilities / $0
Total Current Assets / $0 / Long Term Debt / $
Other Assets / $ / TOTAL LIABILITIES / $0
TOTAL ASSETS / $0 / NET WORTH / $0
Income Statement Summary
Gross Annual Sales as of Fiscal Year End: / $ / Annual Net Profit / $
Annual Depreciation Expense / $ / Annual Interest Expense / $
BUSINESS APPLICANT'S DECLARATIONS /
Declarations. Answer each of the following questions and provide details if the answer to any question is Yes. / Yes No / If Yes, provide details. /
Has Applicant ever been the subject of a bankruptcy petition? / If Yes, what year?
Has Applicant ever been convicted of a felony involving fraud, money laundering or other monetary crime?
Is Applicant a guarantor, endorser or co-signer on any obligation for another person or entity?
Is Applicant applying for credit elsewhere?
Is Applicant a party to any claim or lawsuit?
Are there any outstanding tax liens or judgments against Applicant?
Are any of Applicant's assets pledged as collateral?
Has Applicant ever had property foreclosed upon?
PERSONAL & FINANCIAL INFORMATION OF INDIVIDUALS WHO ARE PRINCIPAL OWNER(S) OF APPLICANT
Each individual having a 25% or more ownership interest (as a shareholder, member, partner or otherwise) in Applicant ("Principal Owner"), must complete the Principal Owner Information and Declarations sections below. Each Principal Owner should complete a separate sheet and insert name of Applicant on each sheet and attach all sheets to this application. If Applicant is applying for a Basic Business Builder, Business Overdraft Line of Credit, Commercial AP and/or any Visa Commercial Credit Card, each Principal Owner must also execute the CONTINUING GUARANTY AND SIGNATURE OF OWNER AS GUARANTOR section below.
If any Principal Owner is a business entity, insert the name(s) of each business entity:
We will contact you for further information.
Principal Owner Information
Full Legal Name / Social Security Number / Ownership % / Date of Birth / Home Telephone Number
- - / () -
Street Address / City / State / Zip / U.S. Citizen? / U.S. Permanent Resident Alien?
Yes No / Yes No
Title / Years as Current Business Owner / Do you own or rent your home? / Mortgage/Rent Payment
Own Rent / $ /Month
Total Monthly Income (Note: Alimony, child support, or separate maintenance income need not be revealed if you do not choose to have it considered for repaying this credit.) / $ / /Month
Assets / Amount / Liabilities / Amount
Cash in Bank / $ / Taxes Payable / $
Publicly Traded Securities Owned / $ / Revolving Credit/Credit Cards / $
IRA/Keogh/Pension / $ / Installment and Notes Payable / $
Real Estate Primary Residence / $ / Mortgages Primary Residence / $
Other R.E. / $ / Other R.E. / $
Other Assets (detail) / $ / Other Liabilities (detail) / $
$ / TOTAL LIABILITIES / $0
TOTAL ASSETS / $0 / NET WORTH / $0
Declarations: Answer each of the following questions and provide details if the answer to any question is Yes. / Yes No / If Yes, provide details.
Have you ever been the subject of a bankruptcy petition?
Have you ever been convicted of a felony involving fraud, money laundering or other monetary crime within the last seven (7) years?
Do you owe any taxes that are past due?
Are you a party to a claim or lawsuit?
Have you ever defaulted on a loan?
Are you subject to any outstanding judgment liens or attachments?
CONTINUING GUARANTY AND SIGNATURE OF INDIVIDUAL PRINCIPAL OWNER AS GUARANTOR
To be signed Only if Applicant is applying for a Visa Commercial Credit Card (including Crystal and for Book2Bank Transactions), Commercial A/P, Basic Business Builder, and/or Business Overdraft Line of Credit. /
For value received, the undersigned ("Guarantor") unconditionally guarantees to pay City National Bank ("CNB") any and all indebtedness of the Applicant created in the past, present, or future, arising under any loans, lines of credit or other indebtedness granted by CNB, as well as any extensions, increases, modifications or renewals thereof (the "Indebtedness"). This Guaranty is continuing and shall remain in effect, until CNB receives written notice from Guarantor that it has been revoked as to subsequently incurred Indebtedness. CNB may, without affecting Guarantor's liability hereunder, and without prior notice or consent: (a) modify, compromise, accelerate, extend, renew, increase, assign or otherwise change the terms of the Indebtedness; (b) recover against Guarantor without seeking recovery against the Applicant or any other guarantor of the Indebtedness; (c) release or substitute any collateral securing the Indebtedness of any party liable for the Indebtedness or this Guaranty; and (d) apply any monies received in such order as CNB may determine in its discretion.
Guarantor waives: (a) any right to require CNB to recover against Applicant or any other party liable for the Indebtedness; (b) any right to require CNB to pursue any security, property or remedy in connection with the Indebtedness, or to notify the undersigned of any changes in the Indebtedness or the Applicant's financial condition; (c) presentment, demand, protest, notice of protest, notice of dishonor, and notice of nonpayment; and (d) any defense, including the statute of limitations, arising by reason of any defense of the Applicant or another guarantor of the Indebtedness (other than full payment of the Indebtedness). Guarantor agrees that CNB need not exhaust the assets of Applicant prior to execution on the assets of the Guarantor in the event a judgment is obtained on this Guaranty. Guarantor agrees to pay attorneys' fees and all other costs and expenses that may be incurred in the enforcement of this Guaranty, and agrees that CNB's, Applicant's and Guarantor's obligations shall be governed by California law (without reference to its conflicts of law rules). Any indebtedness of the Applicant now or hereafter held by Guarantor is hereby subordinated to the Indebtedness of the Applicant to CNB.
Guarantor certifies that Guarantor's financial and other information provided, from time to time, to CNB is complete, true and correct and may be relied upon by CNB without further investigation. Guarantor authorizes CNB, in its discretion, to verify and check any of the information given, to check credit references, to obtain credit reports on Guarantor from time to time, and to provide and release information about CNB's transactions and experiences with Guarantor to others. Guarantor understands and agrees that a consumer report (including a credit report) may be requested on Guarantor in connection with this Guaranty. If Guarantor asks, CNB will advise whether or not one was ordered on Guarantor, and if one was ordered, the name and address of the consumer reporting agency that furnished it. Guarantor understands and agrees that subsequent consumer reports may be ordered on Guarantor, without further notice.
The undersigned guarantor has read and agrees to the above terms, authorizes CNB to accept this Continuing Guaranty by facsimile, email or other electronic transmission and agrees that the image of the undersigned's signature appearing on this Continuing Guaranty in facsimile, email or other electronic transmission will have the same legal force and effect as his or her original signature.
X
Signature of Guarantor / Print Name of Guarantor / Date
AUTHORIZATION FOR AUTOMATIC PAYMENT
FOR BUSINESS OVERDRAFT LINE ONLY
By signing below, each of the undersigned: (i) certifies that he/she is an authorized signer on the CNB Business Checking Account indicated on page 1 of this Application for the Business Overdraft Line ("Deposit Account") and is authorized to enter into and sign this Authorization for Automatic Payment on behalf of Applicant and by which Applicant agrees to be bound, (iii) confirms the information provided above, and (iv) on behalf of Applicant agrees to the following terms and conditions:
§ Automatic Payment is required for the Business Overdraft Line. Automatic Payments occur monthly.
§ City National Bank ("CNB", "we" or "us") may originate Automatic Payments from the Deposit Account.
§ Applicant agrees to keep sufficient available funds in the Deposit Account to cover the Monthly Payment Amount on the Payment Due Date stated on the monthly billing statement.
§ Applicant may make additional payments beyond the Automatic Payments authorized above and, notwithstanding such additional payments, the Automatic Payments authorized above will continue unchanged.
§ If the Deposit Account is closed for any reason, by you or us, the Business Overdraft Line will automatically terminate and be closed by us.
Each of the undersigned authorizes CNB to accept this Authorization for Automatic Payment form by facsimile, email or other electronic transmission and agrees that the image of the undersigned's signature appearing on this Authorization for Automatic Payment in such facsimile, email or other electronic transmission will have the same legal force and effect as his or her original signature.