Berkshire Bank Commercial Loan Application PDF
The Berkshire Bank commercial loan application PDF is a business financing document associated with 44 Business Capital, a former division of Berkshire Bank.
The most relevant version is a 13-page PDF revised in March 2025. It covers SBA lending, business information, financial records, ownership details, collateral, projections, and loan documentation.
The document remains useful for researching Berkshire Bank’s commercial loan process. However, Berkshire Bank later became part of Beacon Financial Corporation following a 2025 merger.
Where Can You Find The Berkshire Bank Commercial Loan Application PDF?
The most relevant application is the March 2025 document published by 44 Business Capital. The PDF identifies 44 Business Capital as a division of Berkshire Bank.
The document is titled around loan application instructions, a loan request form, and a business questionnaire. It is designed to collect information needed to evaluate a business financing request.
March 2025 Application PDF
The document contains 13 pages and was revised in March 2025.
It provides instructions for applicants and lists supporting documents required for different types of commercial financing.
The application is particularly relevant to SBA lending through 44 Business Capital.
44 Business Capital Information
The PDF lists 44 Business Capital at:
1787 Sentry Parkway West
Building 16, Suite 200
Blue Bell, PA 19422
The listed telephone number is 215-985-4400.
The document identifies the company as a division of Berkshire Bank and describes its small-business lending activities.
What Does The Berkshire Bank Commercial Loan Application Include?
The application is more detailed than a basic commercial loan request form.
It contains instructions, borrower information, financial requirements, a business questionnaire, and supporting schedules.
Loan Request Form
The loan request section collects information about the proposed financing.
Applicants provide information about the business, loan purpose, requested amount, project costs, and proposed sources of funds.
The form also addresses collateral and the applicant’s contribution toward the project.
Business Questionnaire
The business questionnaire asks applicants to describe their company and its operating environment.
Questions cover business history, products, services, customers, vendors, competitors, industry conditions, and future plans.
The lender can use these details alongside financial statements when evaluating the financing request.
What Documents Are Required For A Berkshire Bank Commercial Loan?
The March 2025 application checklist requests several categories of documents.
Requirements can vary depending on the loan purpose, business structure, ownership, and transaction type.
SBA Form 1919
The application requires SBA Form 1919, the SBA Borrower Information Form.
This form collects information about the applicant, ownership, loan request, and other SBA-related matters.
Applicants should use the version and instructions applicable to their specific loan application.
Personal Financial Statement
The application requires SBA Form 413, the Personal Financial Statement, for applicable principals.
The March 2025 checklist identifies owners holding 20% or more of the business. It also applies to people guaranteeing the loan.
The document states that spouses must sign and date the applicable form.
Photo Identification
Applicants must provide identification documents.
The checklist specifies a state-issued driver’s license or passport.
This helps establish the identity of the individuals involved in the financing request.
What Business Formation Documents Are Needed?
The application requires documents showing how the borrowing business was established.
The exact documents depend on the business structure.
Corporations And LLCs
Applicants may need to provide Articles of Incorporation or Articles of Organization.
Corporate resolutions and other authorization documents can also be required.
These records help establish the legal entity and its authority to borrow funds.
Partnerships And DBAs
Partnership applicants may need to provide partnership agreements.
Businesses operating under fictitious names can also be asked for DBA or fictitious-name documentation.
The lender can request additional records when needed to establish ownership and control.
Does The Application Require Tax Returns?
Yes. The March 2025 checklist requests several years of federal tax returns for applicable borrowers and owners.
The requirements vary depending on whether the document concerns the individual, borrowing entity, or an affiliated business.
Personal Tax Returns
Individuals owning 20% or more of the business can be required to provide personal federal tax returns.
The checklist requests the previous three years, including applicable schedules.
This allows the lender to review personal financial information alongside business performance.
Business Tax Returns
The borrowing business can also be required to provide three years of federal tax returns.
The same requirement can apply to qualifying real estate holding companies and other applicable entities.
Affiliate Tax Returns
Tax returns for affiliated businesses can also be requested.
The application provides definitions covering ownership and control relationships between the applicant and other businesses.
This can make the documentation requirement broader than the borrowing company alone.
What Financial Statements Are Required?
Financial statements form a major part of the commercial loan application.
The March 2025 checklist requests historical and current financial information for applicable businesses.
Historical Financial Statements
The application requests the last three fiscal years of financial statements when available.
These statements help establish historical revenue, expenses, assets, liabilities, and overall financial performance.
The lender can use the information when assessing repayment capacity.
Interim Financial Statements
Current interim financial statements are also required.
The checklist specifies a current Profit and Loss statement and Balance Sheet dated within 45 days for applicable entities.
This provides more recent information than annual financial statements alone.
Does The Application Require Bank Statements?
Bank statements can be required for specific parts of the loan application.
The application specifically requests bank or investment account statements when applicants need to document a cash or equity contribution.
Verifying An Equity Injection
The March 2025 checklist states that three months of bank statements or investment account statements can be required when verifying a cash or equity injection.
The lender needs evidence showing where the contributed funds came from.
This differs from a bank statement HELOC, where bank statements can be used as an alternative method for evaluating income.
The two financing concepts should not be confused. The Berkshire Bank document uses bank statements primarily as supporting evidence in applicable commercial loan transactions.
What Is A Commercial Loan Debt Schedule?
The application contains a business debt schedule for existing obligations.
Applicants provide information about debts held by the borrowing entity and applicable affiliates.
Information Required
The debt schedule asks for details including:
- Creditor name and address
- Original loan date
- Original amount
- Current balance
- Interest rate
- Monthly payment
- Maturity date
- Balloon payment
- Collateral
- Current status
- Refinancing status
The schedule is intended to provide the lender with a clear view of existing business debt.
What Is Not Included?
The debt schedule specifically distinguishes loans and notes from ordinary accounts payable.
Accounts payable and accrued liabilities are not intended to be listed as loans within this particular schedule.
This distinction helps separate formal debt obligations from normal operating liabilities.
What If The Loan Is For A Business Acquisition?
Additional documentation applies when financing is used to purchase an existing business.
The application requests financial and transaction records related to the business being acquired.
Acquisition Documents
Applicants can be required to provide a signed purchase agreement or letter of intent.
The application also requests information about the purchase price and how it is allocated.
A purchase price allocation can identify values assigned to real estate, equipment, inventory, accounts receivable, and other assets.
Acquisition Financial Statements
The application requests up to three years of financial statements for the business being acquired.
Current Profit and Loss statements, Balance Sheets, and aging reports can also be required.
Month-to-month projections may be required when the transaction involves projected future performance.
What If The Loan Is For Equipment?
Equipment financing requires documentation supporting the expected cost.
Applicants can provide invoices, bids, estimates, or other documents showing equipment pricing.
Equipment Cost Verification
The lender can compare the requested loan amount with the documented equipment cost.
This helps establish how much financing is needed for the proposed purchase.
Equipment used as collateral can also require additional identifying information.
Equipment Collateral
The application requests serial numbers for applicable assets with an original value of $5,000 or more.
Vehicles can require the year, make, model, and vehicle identification number.
These details help identify assets securing the financing.
What If The Loan Is For Commercial Real Estate?
Commercial real estate financing can require additional property documentation.
The application requests records that allow the lender to evaluate the proposed property and its transaction.
Purchase Agreement
Applicants purchasing commercial property can be required to provide an executed purchase agreement.
The lender can use the agreement to verify the purchase price and transaction terms.
Property Reports
The application can also request previous environmental reports, appraisals, surveys, and related property documentation.
These materials can help establish property condition, value, and potential environmental concerns.
What Is Required For A Startup Or Expansion Loan?
Startup and expansion financing can require detailed projections.
Applicants may need to provide a business plan explaining how the company expects to operate and generate revenue.
Business Projections
The March 2025 application requests month-to-month projections for certain startup and expansion transactions.
Applicants must also explain the assumptions supporting the projected results.
The lender can compare these projections with industry conditions, management experience, and available financial resources.
Working Capital
Startup and expansion requests can include working capital.
Applicants need to explain how the requested funds will support the business.
The application also requires documentation of the borrower’s contribution toward the project.
How Is A Capital Injection Documented?
A borrower contributing cash or other assets toward a project must provide evidence of the funds.
The application contains a separate section addressing the source of the capital injection.
Sources Of Capital
The form includes categories such as:
- Personal cash
- Affiliate cash
- Home equity
- 401(k) loan
- ROBS
- Securities liquidation
- Gift funds
- Investors
- Other sources
The form asks for information about the source, amount, institution, account details, and account owner.
Borrowed Or Gifted Funds
If contributed funds were borrowed, the applicant must disclose that information.
Gifted, inherited, or borrowed funds can require supporting documentation.
Asset sales can also require records showing the transaction and proceeds.
What Does The Business Questionnaire Ask?
The business questionnaire provides the lender with information beyond the financial statements.
It asks applicants to describe the company, its customers, competitors, industry, and plans.
Business History
Applicants explain how the business started and how it has developed.
The questionnaire also asks about business goals and objectives.
This provides context for the historical financial information supplied elsewhere in the application.
Products And Services
The business must describe its main products or services.
Applicants can explain which offerings generate revenue and how those offerings fit the company’s business model.
Target Market
The questionnaire asks about the business’s target customers and market.
Applicants should explain who purchases their products or services and how the company reaches those customers.
Does The Application Ask About Competitors?
Yes. The business questionnaire asks applicants to identify major competitors.
Applicants are also asked to describe competitors’ strengths and weaknesses compared with their own business.
Industry Conditions
The questionnaire addresses industry structure and trends.
Applicants can explain economic factors affecting their business and identify seasonal changes that influence revenue.
This helps provide context for financial projections and historical results.
Major Customers And Vendors
The application asks about customers and vendors representing more than 20% of business activity.
This can help identify customer concentration and supplier dependence.
A company heavily dependent on one customer can have a different risk profile from a company with a broad customer base.
Does The Application Ask About Federal Contracts?
The March 2025 questionnaire includes questions about federal government contracts.
Applicants may need to explain whether significant customers depend on federal contracts.
The form also asks whether this could affect the business’s financial projections.
Tariffs And Supply Chains
The questionnaire also asks about tariffs and their potential impact.
Applicants can describe how tariffs or supply-chain changes could affect costs, inventory, suppliers, or customer demand.
This section reflects the economic conditions considered when the March 2025 version was prepared.
Does The Application Include SBA Disaster Loan Information?
Yes. The questionnaire asks whether the applicant or an acquired business received certain SBA assistance.
The categories include PPP, EIDL, and SBA disaster loans.
Applicants can be required to provide loan amounts, collateral information, and repayment details.
This gives the lender information about previous government-backed business financing.
What Is The Credit Authorization?
The application contains authorization allowing the lender to verify information supplied by the applicant.
The authorization covers sources such as credit reporting agencies, creditors, the IRS, and other relevant parties.
Why Credit Authorization Matters
Commercial lenders need to verify information before completing underwriting.
The authorization provides permission to obtain information needed to evaluate the credit request.
Applicants should review the authorization carefully before signing it.
What Is The Management Resume?
The application includes a management resume for active principals, officers, and key managers.
The section asks about the individual’s education and employment history.
Management Information
The resume can include:
- Name
- Contact details
- Date of birth
- Citizenship information
- Education
- Employment history
- Job titles
- Responsibilities
The lender can use this information to evaluate the experience of people responsible for operating the business.
What Is The Appraisal Notice?
The final section includes a notice concerning the borrower’s right to receive a copy of an appraisal or written valuation.
The notice references federal requirements under 12 CFR ยง1002.14(a).
Property Valuation
An appraisal or evaluation may be required when real estate is involved in the transaction.
The notice explains the circumstances under which the borrower receives a copy of the valuation.
This section is particularly relevant to commercial real estate transactions involving property collateral.
Is The Berkshire Bank Commercial Loan Application Still Current?
This requires an important qualification.
The March 2025 PDF is a historical Berkshire Bank document. Berkshire Bank subsequently became part of a new organization following a merger completed in September 2025.
What This Means For The PDF
The March 2025 PDF remains relevant when searching specifically for the Berkshire Bank commercial loan application.
However, applicants should not assume that the document remains the current application form for Beacon Bank.
Current borrowers should obtain application forms and requirements directly from the institution now serving their market.
Why Does The PDF Still Appear Online?
Search engines can continue indexing older financial documents long after a bank changes its branding or corporate structure.
The 44 Business Capital PDF remains accessible online and directly references Berkshire Bank.
This makes it highly relevant to searches for the exact keyword “Berkshire Bank commercial loan application PDF.”
Historical Versus Current Information
The document should be treated as a source for Berkshire Bank’s 2025 commercial lending process.
It should not automatically be treated as a current 2026 application.
This distinction is particularly important for loan forms, contact information, eligibility requirements, and submission procedures.
How Does This Compare With Other Banking Documents?
Banking searches can involve very different types of documents.
For example, a Deerwood Bank routing number provides payment-processing information rather than commercial loan documentation.
A commercial loan application, by contrast, requires detailed financial and business information.
Even a physical address can create unrelated banking search results. The address 155 Bank Street NYC refers to Westbeth Artists Housing in Manhattan, not a financial institution.
These distinctions matter when researching banking information online.
What Should You Have Ready Before Applying For A Commercial Loan?
Applicants should prepare financial and business records before starting the application.
The exact requirements depend on the loan purpose and applicant structure.
Basic Documentation
Potential documents can include:
- Personal identification
- Business formation records
- SBA Form 1919
- SBA Form 413
- Personal tax returns
- Business tax returns
- Financial statements
- Interim financial statements
- Debt schedules
- Accounts receivable aging
- Accounts payable aging
- Bank statements
- Business projections
Additional documentation can apply to acquisitions, real estate, equipment, franchises, startups, and refinancing.
Loan-Specific Documentation
A real estate transaction can require purchase agreements, appraisals, surveys, and environmental reports.
An acquisition can require purchase agreements, business financial statements, and purchase price allocations.
Equipment financing can require invoices, bids, and equipment identification.
Preparing these documents early can make the application process more organized.
Frequently Asked Questions
Where Can I Find The Berkshire Bank Commercial Loan Application PDF?
The most relevant document is the March 2025 loan application PDF published by 44 Business Capital. The document identifies 44 Business Capital as a division of Berkshire Bank.
What Is Included In The Berkshire Bank Commercial Loan Application?
The application includes a loan request form, business questionnaire, SBA forms, financial documentation requirements, debt schedules, collateral information, projections, and authorization forms.
Does The Berkshire Bank Application Require Tax Returns?
Yes. The March 2025 checklist requests three years of personal and business federal tax returns for applicable borrowers, owners, and affiliates.
Does The Application Require Bank Statements?
Bank statements can be required to verify a borrower’s cash or equity contribution. The March 2025 checklist references three months of bank or investment account statements for applicable situations.
What SBA Forms Are Required?
The application requires SBA Form 1919 and can require SBA Form 413 for applicable owners and guarantors.
Does The Application Require A Business Plan?
A business plan can be required for startup and expansion financing. The application also requests detailed month-to-month projections and supporting assumptions for applicable transactions.
What Documents Are Needed For A Business Acquisition?
Acquisition financing can require a purchase agreement or letter of intent, financial statements, aging reports, projections, debt information, and purchase price allocation.
What Happened To Berkshire Bank?
Berkshire Hills Bancorp merged with Brookline Bancorp in September 2025. The resulting organization became Beacon Financial Corporation and later launched Beacon Bank.
Is The 2025 Berkshire Bank Loan Application Still Valid?
The PDF remains a useful historical Berkshire Bank document, but applicants should verify current requirements with the successor institution because banking operations and application forms can change.
Final Takeaways
The Berkshire Bank commercial loan application PDF most relevant to this search is the 13-page March 2025 document from 44 Business Capital.
It covers SBA lending and collects information about the borrower, business, ownership, financial performance, existing debt, collateral, projections, and loan purpose.
Applicants can be required to provide tax returns, financial statements, bank statements, debt schedules, identification, formation documents, and proof of capital contributions.
Additional documents depend on whether the financing involves real estate, equipment, business acquisition, startup costs, expansion, refinancing, or franchise financing.
The document remains useful for understanding Berkshire Bank’s commercial lending process in 2025. However, Berkshire Bank’s subsequent merger and transition to Beacon Bank mean applicants should verify current forms and requirements directly.
The most important distinction is between finding the historical Berkshire Bank PDF and using a current commercial loan application. The two should not automatically be treated as the same document.