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Member FDIC. Equal Housing Lender.
Middleburg Bank, a division of Access National Bank.

Commercial Construction & Real Estate Loan Process

Step 1: Collect the following for a Business Loan Application:

  1. Last 3 years of business financial statements and tax returns
  2. Current interim business financial statement
  3. Agings of accounts receivable and payable
  4. Last 3 years of personal tax returns for owners of the business
  5. Current personal financial statement for owners of the business
  6. Backlog/project status report for contractors
  7. Rent Roll for Property if applicable
  8. Condo Documents if applicable
  9. Most recent bank deposit and brokerage account statements

Step 2: Preliminary review of all materials collected

Step 3: Issue a proposal (typically takes a few days)

Step 4: Client signs proposal and returns with proposal fee

Step 5: Bank underwrites

Step 6: Bank orders appraisal (where appropriate)

Step 7: Bank approval total time is about 6 weeks from when the Bank has all information

Step 8:  Bank issues commitment letter and client signs

Step 9: Documents are prepared and closing scheduled

We Succeed Because Our Clients Do

Ranked in 2018 Top 200 Healthiest Banks by DepositAccounts.com
Rated Superior - Top Rating Possible by IDC Financial Publishing, Inc.
Ranked #1 in the VA and Metro DC Area for Best 3-Year Return on Average Equity by American Banker
Ranked in Top 50 Top Performing Banks $2-$10B in Assets By American Banker
Ranked #3 Most Profitable Greater Washington Bank by the FDIC
Sm-all Stars Award for Top Performing Community Bank by Sandler O’Neill Partners
Community Bankers Cup Award For Excellence by Raymond James Research
Top SBA Lending Bank by the Business Finance Group
2017 Northern Virginia Association of Realtors Affiliate of the Year
2017 Loudoun Times-Mirror Best of Loudoun
Ranked in 2018 Top 200 Healthiest Banks by DepositAccounts.com
Rated Superior - Top Rating Possible by IDC Financial Publishing, Inc.
Ranked #1 in the VA and Metro DC Area for Best 3-Year Return on Average Equity by American Banker
Ranked in Top 50 Top Performing Banks $2-$10B in Assets By American Banker
Ranked #3 Most Profitable Greater Washington Bank by the FDIC
Sm-all Stars Award for Top Performing Community Bank by Sandler O’Neill Partners
Community Bankers Cup Award For Excellence by Raymond James Research
Top SBA Lending Bank by the Business Finance Group
2017 Northern Virginia Association of Realtors Affiliate of the Year
2017 Loudoun Times-Mirror Best of Loudoun